Human capital management.docx - Running head HUMAN CAPITAL...

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Running head: HUMAN CAPITAL MANAGEMENT 1 Human Capital Management Student’s Name Institutional Affiliation Date
HUMAN CAPITAL MANAGEMENT 2 Introduction It is the desire for every organization to have its operations perform to their maximum. Organizations have highly embraced human capital management to help ease the human resource management department's functions. Human capital management entails a set of practices to transform administrative functions such as developing, managing, recruiting, and optimizing employees to increase performance. Like any other asset, human capital management considers the workforce whose value can be maximized through strategic management and investment. When done right, human capital management results in increased productivity, managing employees effectively and hiring the right talent. While it has been a key part of modern human resource and human management, it has, however, on the other hand, been unmasked to exhibit challenges. Some of the areas to be focused on in detail the challenges of modern human capital management include superiors, work environment, employees, and organization. Challenges of Modern Human Capital Management Employees Employee management entails not only delegating and supervising them but discovering the right talent and retaining them. Employing talented employees attracts a huge investment of money and time (Zeb, Abdullah, & Javaid, 2018). It has become a great challenge in the modern world of business in balancing between hiring the right people at the right time and keeping a business running. Knowing whether the candidate fits well while recruiting is a challenge unless they have worked for the organization for them to be proved right or wrong. There is fierce competition for talented employees. Small and start-up companies lack big budgets for costly

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