Human capital management (HCM) is a set of practices related to people
resource management. These practices are focused on the organizational
need to provide specific competencies and are implemented in three
categories: workforce acquisition, workforce management and workforce
optimization. The applications that help to enable human capital management
include: Core administrative support: Personnel administration Benefits
administration Payroll Portal/employee self-service Service center Strategic
HCM support: Workforce planning Competency management Performance
management Compensation planning and strategy Time and expense
management Learning (education and training) Recruitment (hiring and
recruitment) Onboarding Contingent workforce management Organization
visualization Other HCM: Reporting and analytics (workforce analytics)
Workflow
