Human Capital Management
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Human capital management informs decisions on the issues critical to the organisations success by systematically analyzing, measuring and evaluating how people policies and practices create value. HCM ...

Human capital management informs decisions on the issues critical to the organisations success by systematically analyzing, measuring and evaluating how people policies and practices create value. HCM is concerned with obtaining, analyzing and reporting on data that inform the direction of value-adding people management, strategic, investment and operational decisions at corporate level and at the level of front line management

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Human Capital Management Presentation Transcript

  • 1. DEFINITION:  Human Capital Management (HCM) is a strategic approach to people management that focuses on the knowledge, skills, abilities and capacity to develop and innovate possessed by people in an organisation. Baron  The stock of accumulated knowledge, skills, experience, creativity and other relevant workforce attributes – Nalbantian et al  Human capital management is an integrated effort to manage and develop human capabilities to achieve significantly higher levels of performance. - Chatzkel
  • 2.  Concept of HCM  Intellectual capital  Social capital  Organisational capital Key focus of HCM  Knowledge and insight rather than metrics and standards,  Complexity and not through cause and effect  Using best fit  Creating value  People management  Strategic partner.
  • 3. KEY COMPONENTS OF HUMAN CAPITALClarity in DirectionClarity in human capital goalsStrategies/PoliciesImplementationAccountability
  • 4. HCM – Organisations Diverse knowledge base workforce Constant change Policies and practices are means to improve People are assets No single means to measure
  • 5. UNDERLYING FACTORS OF HCM  Leadership  Employee motivation  Training and development  Performance improvement  Pay and reward structures
  • 6. QUEST FOR PREDICTIVE HCM’sVaries according to company’s strategyDirect and casuals relationships.Increasing productivity through recruitment – Oracle Taleo app.
  • 7. HCM’s PERSPECTIVES Focus on intangibles Strategy focused on creating human capital HR accountable Language of people
  • 8.  CLOUD BASED HCM MODULES
  • 9. Human capital transformation helps multinational Pharmaceutical companies through Mergers.CHALLENGES 2 MNC’S into fast mergers. Business process redesignSOLUTIONS Fully integrated HR functions Health and welfare benefits Integrated competency model Programs to develop and retain top employees
  • 10. QUESTIONS1. What are the three major characteristics of HCM strategy?  Organisation people based programs  Develop and deliver  Minimum cost2. What is the challenge represented in above case?  Two pharmaceutical companies entered into fast mergers.  BPD3. What are the processes that organisations used to implement HCM?  Prioritizing the needs  Create strategic HCM processes  Implementation  HRIT