Difference between Administration and Management

-
  Administration Management 1. It focuses on developing important principles and regulations. 2. Most of this involves higher level activity. 3. Its primary activities include preparing as well as monitoring. 4. Mainly exterior and outer factors have an impact upon this. 5. Logical as well as interpersonal qualities are significant   6. The majority of business proprietors as well as entrepreneurs become active in its operational and organizational tasks. 7. Mostly implemented by the public organizations of the government 8. This is the feature of analytical reasoning. 1. It focuses on how regulations are being executed.   2. Mostly, intermediate as well as bottom division activity is involved. 3. Its key activities associated in it include planning as well as guiding. 4.  I t's majority of the inspirations originate from inside 5. The role is ca...
Post a Comment

Difference between Human Resource Management (HRM) and Human Capital Management (HCM)

-

Difference between Human Resource Management (HRM) and Human Capital Management (HCM)


“HCM” stands for “Human Capital Management”, while “HRMS” stands for “Human Resource Management Systems.”


Human Resource management is the process of managing individuals within an organization, using the policies, practices and systems that influence the employees. HRM, including job analyzing and staffing, organization and utilization of workforce, measurement and appraisal of employees performance, implementation of reward systems for employee, and maintenance of 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 organization's most valued assets, the individuals who are employed by the organization, while human capital management HCM is related it varies slightly. Human capital management’s role is more to develop employee capability and knowledge.

Human capital management, including hiring the right talents, providing orientation to new employees, making new employees feel comfortable, training employee in order to constantly upgrade skills, retaining employees, making them feel self-sufficient, and preparing them for adverse conditions.

In conclusion, human capital management helps ensure overall business success by improving business resource, employees, while human resource management helps business in terms of employment regulations such as arranging employee’s perks and benefits. Human capital develops employee’s knowledge and skills, while human resource helps improve employee’s quality life in organization.


Please like, share and subscribe

https://www.youtube.com/channel/UCXz8W8-quKRxsx1nqZBtvHg



Payel Majumder

HR Professional

Comments

Post a Comment

If you have any doubt, please let me know

Popular posts from this blog

Difference between Administration and Management

-
  Administration Management 1. It focuses on developing important principles and regulations. 2. Most of this involves higher level activity. 3. Its primary activities include preparing as well as monitoring. 4. Mainly exterior and outer factors have an impact upon this. 5. Logical as well as interpersonal qualities are significant   6. The majority of business proprietors as well as entrepreneurs become active in its operational and organizational tasks. 7. Mostly implemented by the public organizations of the government 8. This is the feature of analytical reasoning. 1. It focuses on how regulations are being executed.   2. Mostly, intermediate as well as bottom division activity is involved. 3. Its key activities associated in it include planning as well as guiding. 4.  I t's majority of the inspirations originate from inside 5. The role is ca...
Read more

What are the goals of human resource management?

-
What are the goals of human resource management? Human Resource management is a centre pillar of any business or organization. Without proper human resource management, infrastructure of an organization will become fragmented. A Human Resource department sets a clear goals for managing the organization’s workforce will make great strides toward ensuring the company's success. Human Resource department is also ensuring about the development and sustainability. Human resources is one of the most important components of a solid business model. The key goals are for excellent human resource management which can enable success that: -Recruitment of new manpower -Hire quality manpower -Training for the new and existing employees -Identifies the development areas of human resources -Establishing diversity between the workplace - Identifies the needs of individuals - Helps the organization reach its goals -motivated the employees to perform the present job -inspire ab...
Read more

Functional Areas of E-HRM

-
Functional Areas of E-HRM Leading corporations all across the world adopt E-HRM. Its boundaries are gradually expanding.   E-Selection Companies must evaluate a few operational criteria to correctly execute e-selection, including design upfront, supplier evaluation, and project processes, evaluation steps, and methodology for the test session, as well as applicant feedback. Wherever e-recruitment finishes, e-selection starts Web-based testing, face-to-face meetings, career opportunities and good job prospects are all part of the e-selection system. Most businesses employ e-selection to accomplish a goal, such as cost-cutting, maximizing human resource efficiency, and ensuring long-term viability.   Web-based training E-learning encompasses a wide range of media for delivering text, audio, graphics, animated, and live streaming, as well as information technologies and procedures like audio or videotape, satellite TV, CD-ROM, and software training, and...
Read more