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What Is Human Capital Management & Why Is It Important?

HR Tech Girl

The practice of human capital management, or “HCM” for short, has become increasingly prevalent in the last few decades. One is that people recognize that an organization’s workforce is its greatest asset. The second is that, for many companies, the cost of their workforce is often their greatest expense.

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10 HR Analytics Courses Online To Check Out in 2024

HR Lineup

In today’s data-driven world, Human Resources (HR) departments play a crucial role in leveraging analytics to make informed decisions about hiring, employee engagement, retention, and overall workforce management. Topics covered include talent management, employee engagement, and diversity analytics.

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Why HR needs AI-related roles and skills (i4cp login required)

i4cp

Organizations that are more advanced in their use of AI are far more likely to hire for AI-related roles and skills in HR, according to recent data from the Institute for Corporate Productivity (i4cp), an HR research organization and the leading authority on next practices in human capital management.

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The Means To The Ultimate End – Decision Analytics

Compensation Cafe

In an almost hour-long conversation, I reiterated some of the now familiar topics of big data, predictive analytics, applied behavioral science, data visualization and leveraging machine learning, artificial intelligence and other algorithm-driven techniques. Decision Analytics – The Holy Grail of Business.

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Crunchr

HR Lineup

In the dynamic landscape of human resources management, organizations are increasingly recognizing the vital role of data-driven decision-making. Crunchr, a cutting-edge HR analytics tool, emerges as a powerful solution for HR professionals and business leaders seeking to harness the full potential of their workforce data.

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Why HR data literacy skills drive better decision-making

HiBob

Workforce planning teams Workforce planning is a complex business, and without the right data, it becomes all but impossible. Teams involved in workforce planning rely on people data focused on skills gaps, recruitment needs per team per site, tracking headcount, growth rate, attrition, and absenteeism.

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What is Human Capital Management? Decoding the Impact of HCM

HR Digest

What is human capital management? Human Capital Management (HCM) represents a shift from traditional personnel management to a comprehensive approach focusing on optimizing workforce productivity and effectiveness. Image: Freepik What is Human Capital Management (HCM)?