It is HCM time, Do it the right way

Who do you think are the most valuable resource in an organization?

Of Course, people are your most important resource, so it is time to shift the way you manage them from HRM to HCM.

People who spend maximum part of their day contributing towards the success of an organization are its most crucial resource. Employees can either make or break any company, truly making them an organization’s lifeline.

First of all, what does it mean HCM, Human Capital Management?

I am convinced that nothing we do is more important than hiring and developing people. At the end of the day,?you bet on people, not on strategies.” – Lawrence?Bossidy?

HCM is a practice that companies use to attract, recruit, train, develop and retain the best employees to achieve short- and long-term objectives. The HCM Solutions today allow companies to invest in their employees to allow them to contribute at the highest level to the achievement of business goals. HCM sees employees as valuable & potential resources.

Resources not to deliver results but to create an environment for them to create wow results.

So what HCM involves?

Human capital management cares about adding value to an your people so they can deliver the best results. It provides a process for optimizing the performance and efficiency of a company's staff. It provides an overall strategy to guide talent attraction, recruitment, onboarding, employee training and development, performance appraisal and feedback.

It will enable you create a strong culture that promotes talent development, honest feedback and commitment to company goals. It can give employees more control over their careers and encourage them to dedicate their skills and talent to the employer for the long term.

Functions:

1. Hire talent

2. Orientation

3. Employee training and development

4. Employee retention

5. Effective performance appraisal and feedback

6. People Data Analytics

“One machine can do the work of fifty ordinary men. No machine can do the work of one extraordinary man.” – Elbert Hubbard?

The ROI of shifting to HCM?

On the top of the list, it will enable to maximize the value from your people by:

1. Improve human capital management

2. Enhance the recruitment process

3. Identify capability gaps

4. Match positions with employee capabilities

5. Improve productivity and efficiency

6. Improve performance reviews

7. Allow better career planning

“Hire character. Train skill.” – Peter Schutz

?Finally how to shift to HCM:

1. Invest in existing staff

2. Personalize human capital management / Individuals are different

3. Leverage technology

4. Align human capital management with business goals

5. Improve communication

Do you have more to add, please share with me your insights?