human capital management
/ˈhjuːmən ˈkæpɪtəl ˈmænɪdʒmənt/ · hu·man cap·i·tal man·age·ment
noun
- A strategic approach to recruiting, developing, retaining, and optimizing an organization’s workforce as a valuable asset. The company invested in a new human capital management system to better align employee development with its long‑term goals.
Synonyms
Did you know? The term “human capital management” gained widespread popularity after Gartner introduced it in a 2005 research report, and the global HCM software market surpassed $30 billion by 2022.