Human capital management (HCM)

1. What is human capital management (HCM)?

2.What does “human capital” include?

3.What is the human resources management process?

What functions and activities does the process perform?

4.What is the payroll process?

What functions and activities does the process perform?

How do you determine what groceries (e.g., bread, milk, peanut butter, toilet paper, etc.) you need to buy for your household?

Have you ever run out of an essential product?

How do you determine what quantity to buy when you go to the grocery store? Are you “overstocked” on any household product? Could you implement a reorder point or EOQ system for your home? Discuss fully.

 

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