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Human Capital Management

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May 1, 2024 Updated June 28, 2025 16 minute read

An Introduction to Human Capital Management

Human Capital Management (HCM) is a strategic and comprehensive approach to managing an organization's most valuable asset: its people. It encompasses a wide set of practices designed to attract, develop, manage, and optimize the workforce to achieve business objectives. More than just an administrative function, HCM views employees as "human capital"—a core asset whose value can be enhanced through strategic investment, much like any other business asset. This perspective transforms traditional human resources tasks into opportunities to boost engagement, productivity, and overall business value.

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Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Human Capital Management.
This comprehensive textbook provides a thorough overview of the field of human capital management, covering topics such as talent management, performance management, and compensation and benefits.
This comprehensive textbook provides an overview of human capital management from an organizational perspective.
Discusses how to measure and evaluate the effectiveness of human capital management programs.
Discusses the importance of talent management in the modern economy and provides practical advice on how to attract, develop, and retain top talent.
Provides a comprehensive overview of compensation and benefits, including topics such as salary structures, incentive plans, and employee benefits.
Provides a comprehensive overview of compensation, including topics such as salary surveys, job evaluation, and incentive plans.
Provides a comprehensive overview of performance management, including topics such as goal setting, performance appraisal, and performance improvement.
Discusses the impact of technology and globalization on the future of work and provides insights into how organizations can prepare for the future.
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