Question

What are the processes involved in Human Capital Management (HCM)?

1) Recruitment and selection
2) Training and development
3) Performance management
4) Compensation and benefits

Answer 1

Human Capital Management (HCM) involves recruitment and selection, training and development, performance management, and compensation and benefits to optimize employee performance and productivity.

Step-by-step explanation:

Human Capital Management (HCM) involves various processes that are essential for optimizing the performance and productivity of employees within an organization. These processes include:

1. Recruitment and selection: This involves attracting qualified candidates, reviewing resumes, conducting interviews, and selecting the best fit for the job.
2. Training and development: Once employees are hired, they need to be trained and developed to enhance their skills and knowledge.
3. Performance management: This process involves setting goals, providing feedback, and evaluating the performance of employees.
4. Compensation and benefits: This includes determining fair salaries, bonuses, and benefits to motivate and incentivize employees.