Human capital refers to the knowledge and skills employees possess, which a company can use to improve its products, services and brand. Often, employees are the most valuable asset to an organization.
One important aspect of human capital is Human Capital Management (HCM) – a set of practices and strategies that involve managing the end-to-end employee lifecycle to optimize productivity, improve engagement and enhance business outcomes.
Adopting a human capital solution often involves significant changes to existing processes, systems, and workflows. Consider the impact on employees, their readiness for change, and the need for effective change management strategies to ensure successful implementation and minimize resistance.