EXPLORING THE ROLE AND IMPACT OF HUMAN CAPITAL MANAGEMENT ON ORGANIZATIONAL

Abstract

This study is about human capital management in an organization. Human capital management (HCM) is the process of hiring the right people, managing workforces successfully, and enhancing productivity. It has evolved from a primarily administrative function to a key facilitator of economic value. The issue problem statement in this study is about why it is difficult for recent graduates to obtain work and why they are not hired because they lack added value or the required qualities. The purpose of this study was to explain the significance, key roles, and impact of human capital management. Human capital management is extremely essential to firms because it ensures the long-term process of recruiting, selecting, orienting, and retaining personnel. Furthermore, human capital management is vital in enhancing employee productivity, and employees must keep up with developments around them in order to not fall behind and to be able to enhance their knowledge and talents. This research also provided other recommendations, including an emphasis on well-being programs such as employee health, workplace happiness, work-life balance, and many more. Aside from that, managers may increase communication inside the organization by providing additional training and development in human capital management.