Human Capital Management

[ˈ(h)jumən | ˈkæpədl | ˈmænɪdʒmənt]
Definition:

The role of the Human Resources department is  to manage and retain the best employees in the organization by offering exceptional work conditions, exemplary culture and attractive benefits and remuneration.

Human Capital Management covers various aspects of strategic practices and administrative processing which include: performance management, payroll, recruitment services, compliance, benefits administration, training, onboarding, compensation planning and many more; some organisations practice this by using a human capital system, depending on its size and what organisation can afford.

 

Part of speech:
noun
Use in a sentence:
The advantage of human capital management.
Human Capital Management