December 5, 2017

Human Capital Management

Human capital management (HCM) is a set of practices related to people resource management. These practices are focused on the organizational need to provide specific competencies and are implemented in three categories: workforce acquisition, workforce management and workforce optimization.

In MonsoonSIM, Human Capital Management or Human Resource management is one of the core modules. Learners are encouraged to start with the basic module, called Baseline model, and slowly progress to more advanced functionalities.

Here are what you will learn in the MonsoonSIM Human Capital Management (Baseline):

  • Concept of employee competency
  • Concept of employee training
  • Concept of employee headcount (planned, actual, shortfall)
  • Concept of employee cost
  • Concept of recruitment
  • Concept of employee counselling
  • Concept of employee personnel records
  • Concept of employee transfer
  • Concept of employee resignation
  • Concept of employee issues
  • Concept of staff index, which composes of:
    • staff headcount index
    • staff competency index