______________________________________________________________________________
*Class Notes on Defining HCM* (berson.com)
- Dated back to Egyptians & slavery
- How people are evaluated and compensated
- Establish an atmosphere where people feel appreciated and challenged
- Technical Definition from Denise Kingsmill- approach to people management(or workforce management) that treats it as a high level strategic issue and seeks systematically to analyze, measure, and evaluate how workforce policies and practices contribute to value creation. (In other words you don't leave human capital management solely to human resources.)
- Appreciation of the value you have for the people in your workforce
- HR= Brain and HCM= Heart(high level strategic)
_____________________________________________________________________________________ - HR Metrics that Count: Aligning Human Capital Management to Business Results by David S. Weiss
- Document, document, document!!! (conflict resolution, etc.)
- Always more expensive to hire new employees
- Employees are most like to leave their job due not being