Human Capital Management, the abbreviation HCM is used. It includes all management and human resources development processes. Sometimes it is simply referred to as human resources management.
It is a term that refers to the most modern concept of personnel work. Human capital management puts an even stronger emphasis on the development of knowledge and skills than in human resource management (HRM) - in line with the concept of human capital, skills of the organization to maximum use and share the potential of people, both for daily work and for innovation.
Human capital management involves a number of different processes and management methods for work with people and their development in the organization. Human capital management concerns practically all managers in the organization.