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Questions and Answers
What is human capital?
What is human capital?
- A way of managing different assets in an organization (correct)
- A way of measuring and evaluating how people create value
- A strategic approach to people management
- All of the above
What is the purpose of HCM?
What is the purpose of HCM?
- To create value for organizations (correct)
- To link HR and business strategy
- To analyze and evaluate how people create value
- To measure how policies and practices create value
What does HCM focus on?
What does HCM focus on?
- Analyzing how people create value
- Linking HR and business strategy
- Measuring and evaluating how people create value (correct)
- Creating value for organizations
Flashcards
What is Human Capital?
What is Human Capital?
The management of assets within an organization.
What is the purpose of HCM?
What is the purpose of HCM?
To generate monetary benefit and worth for the organization.
What is the focus of HCM?
What is the focus of HCM?
Assessment of how individuals contribute to organizational worth.
Study Notes
- The term human capital refers to the different assets that employees have that can be used to help an organization succeed.
- HCM is a way of managing these assets and is important for organizations because it creates value for them.
- HCM focuses on analyzing, measuring, and evaluating how people, policies, and practices in an organization create value.
- HCM is a strategic approach to people management that links HR and business strategy.
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