Core Human Resources (HR) Management in Human Capital Management (HCM) involves the foundational processes and functions related to managing an organization's workforce. It encompasses essential HR activities that are fundamental to the employee lifecycle.
Recruitment and Onboarding are crucial components of the human resources (HR) process that involve attracting, hiring, and integrating new employees into an organization. These processes contribute to building a skilled and engaged workforce.
Performance Management is a comprehensive process that involves setting expectations, assessing and developing employee performance, and aligning individual contributions with organizational goals.
Learning and Development (L&D) in Human Capital Management (HCM) involves the strategic planning, design, and implementation of initiatives that enhance the skills, knowledge, and capabilities of an organization's workforce.
Compensation and Benefits in Human Capital Management (HCM) involve the design, implementation, and management of total rewards programs to attract, retain, and motivate employees.
Talent Management in Human Capital Management (HCM) encompasses the strategic processes and initiatives that organizations use to attract, develop, retain, and optimize their workforce. It involves aligning individual employee goals and capabilities with the overall goals and objectives of the organization.
Employee Relations in Human Capital Management (HCM) focuses on managing and enhancing the relationship between employees and the organization. It involves creating a positive work environment, resolving conflicts, addressing employee concerns, and fostering effective communication.
Workforce Planning and Analytics in Human Capital Management (HCM) involve the strategic use of data and insights to align the workforce with organizational goals and objectives. This process helps organizations anticipate future talent needs, optimize workforce efficiency, and make informed decisions.
Compliance and Risk Management in Human Capital Management (HCM) involves ensuring that HR practices and processes align with legal and regulatory requirements, industry standards, and organizational policies. Managing compliance and mitigating risks in HCM is crucial for maintaining ethical practices, protecting the organization from legal issues, and fostering a safe and inclusive work environment.
"Geography" typically refers to the study of the Earth's physical features, climate, population, and the relationship between humans and their environment. It is a broad field that encompasses both physical geography (natural features like landforms, climate, and ecosystems) and human geography (the study of human societies, cultures, and their interactions with the environment).
Expense management, also known as cost management or spending management, involves the processes and strategies an organization uses to control, monitor, and optimize its expenses. Effective expense management is essential for maintaining financial health, improving profitability, and ensuring that resources are allocated efficiently.
Payroll management involves the administration and processing of employee compensation, including salaries, wages, bonuses, and deductions. It encompasses various tasks related to payroll processing, tax compliance, and reporting.
Skills management, also known as competency management or talent management, involves the identification, development, and optimization of skills and competencies within an organization.