This Organization around the world is remodeling themselves as they respond to the challenges presented by the global economy. Success in today’s competitive business environment is increasingly a result of effective human capital management. Humans are an organization’s greatest assets; without them, everyday business functions such as managing cash flow, making business transactions, communicating through all forms of media and dealing with customers could not be completed. Humans and the potential they possess drive an organization. Today’s organizations are continuously changing. Organizational change impacts not only the business but also its employees. In order to maximize organizational effectiveness, human potential-individuals’ capabilities, time and talents-must be managed. Human capital management works to ensure that employees are able to meet the organizations.
This book is designed to provide a comprehensive introduction to the study of Human Capital Management, its process and challenges. It is basically student oriented textbook as it satisfies the requirement of students for an exhaustive exposure to the principles and practices of human capital management. To become successful managers, students need exposure to practicalities, this book contains certain examples a cases that has been chosen from a broad spectrum of organizations to illustrate major concepts and help student apply the knowledge. The book has been especially written for the students of Second Semester MBA of Bangalore University.
1. Introduction to HCM
2. Human Capital Planning & Employee Hiring
3. Human Resource Development
4. Performance Management System
5. Compensation Management & Employee Relation
6. Strategic HRM