Human Resource Management and Human Capital Management Essay

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 organizations 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 toShow MoreRelatedImplications of Intellectual Capital on Human Resources Management3213 Words   |  13 PagesTITLE: IMPLICATIONS OF INTELLECTUAL CAPITAL ON HUMAN RESOURCES MANAGEMENT TABLE OF CONTENTS 1. Introduction pg 3 2. Elements of Intellectual Capital pg. 3 3. Preserving Intellectual Capital pg. 4 4. The Importance Of Implementing Intellectual Capital Processes pg. 4-5 5. The Value Factor Read MoreHuman Resource Management : The Effective Methodology Of Managing Human Capital956 Words   |  4 Pagestopic is Human Resource Management: The effective Methodology of Managing Human Capital. The second topic is The Constraint of Women in Leadership Roles. The demand of a transforming world influences roles in human resource management and women occupying leadership position. Both topics depth with challenges that produce opportunities to structure organizations future. In order to sustain the advancement of the United States economy, organizations need restructure the way its Human Resource administrateRead MoreHuman Resource Management Competencies Essay985 Words   |  4 PagesChallenges faced in Human Resource Management in the Workplace Romonia Fullenwilder HRM5004 Human Resource Management Email:Rfullenwilder@yahoo.com Instructor: Dr. Jean Gordon Abstract Today the Human Resources Management (HRM) professional role is integral with the strategic growth of an organization by managing its Human Capital. Human Capital is defined asRead MoreThe Long Term Performance Of A Company1558 Words   |  7 Pagesdecisions and actions taken by the highest level of the organization to achieve the performance targets. In this context, the strategic management is defined, therefore, as that set of decisions and actions taken by management to assess the long term performance of a company. The world of organizations in the past few years is turning more and more attention to human resources, since the quality and skills of the latter are a real competitive advantage for companies operating in all sectors. In the lastRead MoreCreating A Learning Organization?1279 Words   |  6 Pagesgather intellectual capital, the human relations activity, relationship capital, and organizational capital, in such a way as to highlight and answer the following questions: †¢ What are the characteristics of a learning organization? †¢ How can an organization employ intellectual capital in order to create a learning organization? †¢ How can an organization utilize human relations, in order to create a learning organization? †¢ How can an organization best harness relationship capital to create a learningRead MoreSystems Consideration in Hris1157 Words   |  5 PagesSystems Consideration in Human Resources Information Systems LaTonia Roberson Strayer University—Online Dr. Zelphia Brown January 27, 2013 Systems Consideration in Human Resources Information System Abstract This paper considers several comprehensive Human Resources Management Software packages and their interaction when deployed as a software as a service (SaaS) solution. Epicor HCM solutions and Icims Talent Platform areRead MoreHuman Resource Management And Organizational Goals1587 Words   |  7 Pagespast two decades, where the best-intentioned human resource processes attempting to align human resource practices with organisational goals have become mismatched. Due to external factors such as globalization, advances in technology and changing views regarding the importance of human resources as a competitive advantage for organisations, the nature of work has been redefined (Horwitz, Heng, Quazi, 2003). This has caused human resource management to become more than just a function, but a strategicRead MoreAnalysis Of Kodak, The Upper Management1117 Words   |  5 PagesIn the case study of Kodak, the upper management was severely ineffective and the company in enough trouble, th at the organization’s CEO stood on a stage and hacked a wooden lectern to pieces (Bolman and Deal, 2008). Bolman and Deal (2008) describes a situation where there was intense competition, high costs, declining customer satisfaction, and low employee morale. The environment was polarizing every part of the organization and the management decided to make structural changes to how businessRead MoreImpact Of Hrm Practices On Employee Performance Essay883 Words   |  4 Pages2015) entitled: Islamic human resource practices and organizational performance: some findings in a developing country. The study showed some significant and positive relationships between Islamic human resource practices and organizational performance. A study by (Azmi , 2015) entitled: â€Å"Human Resource Practices and Organizational Performance:A Preliminary Finding of Islamic Organizations in Malaysia†. This study concluded that there is only one Islamic human resource practice – training andRead MoreBoeing Company1159 Words   |  5 PagesPaper One reason why so many organizations succeed and be able to sustain their long-term goals is their effective and efficient organizational ability. The organizing function of management involves the allocation of the company resources. When the management of the organization allocates its resources with strategic planning and execution in mind, the organization can successfully satisfy the requirements of both internal and external stakeholders. On the other hand, when an organization