Question

Describe the objectives and key steps in the Human Capital management process.

**If it helps provide context, this is from chapter 6 of Essentials of Business Processes and Information Systems by Simha Magal**

Answer 1

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Objectives and critical steps in the human capital management process:

The main purpose of the human capital management process is to recruit and enter new talent with better skills and knowledge in the organization, and then managing their performance through various tools and techniques and putting efforts to improve it by equipping them with the required level of skills.

Critical steps in human capital management can be as follows:

1. Acquiring talent:

this step includes recruitment and selection of new employees in the organization which have potential and talent along with the required skills and knowledge for the job. It helps the organization to perform the working of the organization efficiently.

2. Managing the talent:

This step in human capital management involves properly managing the new employees through proper placement, orientation programs, supervision and communication, and id8 ring and evaluating their performance and providing them compensation for the same.

3. Optimizing the talent:

the steps include optimizing or increasing of flourishing the skill of the employees to improve their efficiency and productivity. Optimizing the aptitude consists of providing the employees with proper training and development programs to polish themselves.