First define and then compare and contrast Human Resource Management

First define and then compare and contrast Human Resource Management

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First define and then compare and contrast Human Resource Management (HRM) with Human Capital Management (HCM) by building upon class content and discussion. Human Resource management is the process of managing individuals within an organization, using the policies, practices and systems that influence the employees. Human Capital Management is the managing of individuals based on their skills, training, experience, intelligence, relationships and insight. Human resource management (HRM) is the management of an organization's most valued assets, the individuals who are employed by the organization, while human capital management HCM is related it varies slightly. An example of HRM is anything involving the day to day operations of an organization, whether that is recruiting employees, or signing up employees for benefits. HCM involves managing the organizations employees through the use of data, surveys; put simply the measurements used to gauge a company’s success based on how the employees are managed. An example would be the human resource department initializing performance management reviews, then using the data collected to create a consensus of the finds. HRM and HCM both have their place and organizations. Although they are related they
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This note was uploaded on 04/02/2012 for the course BUSINESS mgmt taught by Professor Bruehlman during the Fall '12 term at Chadron State College.

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First define and then compare and contrast Human Resource Management

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