Human Resource Management and Human Capital Management Essay

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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…show more content…
The second measurable would be to take the total income of the organization and dividing it by the number or employees, this would demonstrate what each employee costs. The third measurable is done by taking the total operating budget and dividing by the number of employees. Each of the variables can be used to give measurable data on the individuals within an organization; however these numbers do not provide the whole picture. When numbers that are based on the entire organization are used every employee is lumped into one subset. This does not differentiate between employees who do the bare minimum or employees who excel at creating profit for the organization. The best measurable will use a combination of actual value and individual value through performance reviews and individual measurable data. Your Instructor has said that successful business and organizational leaders should be adept at strategically developing and tactically deploying human capital to maximize organizational output. Given that you agree with this statement, please provide at least three examples of strategic goals and three tactical initiatives that demonstrate both your understanding and ongoing commitment to what you learned in this Human Capital Management class. Strategic goals: 1. Create a supportive environment for employees to
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