Sameer MBA

What is Human Capital Management Human Capital management is a com-prehensive and coherent approach to the employment and development of people”.  Moreover, HCM can be seen as a philosophy about how people should be managed, supported by a number of ideas regarding human behavior and organizational structure. But it is, or should be, equally concerned with the ethical aspect – how people should be treated in accordance with a set of moral principles. It is concerned with the contribution it can make to increasing organizational effectiveness through people. Applying policies and practices in the areas of organization design and development, personnel resourcing, learning and development, performance and reward, and the provision of services that improve employee wellbeing are all part of human capital management (HCM). They are based on integrated human resource (HR) strategies that are in line with the company plan. Armstrong, (2014)   ( Figure-1- Human Capital Management )...

What is the employee job grading? A job grade is a method to decide the impact, seniority, and expectations for a specific role. In the best cases, a job grade will reflect knowledge, skills, and responsibility. Think of it this way: when someone is early in their career, we sometimes think of them as “junior” employees . ( Rab. I 9, 2023)                                                                           (Figure 1- MGE Management Experts)   Five key benefits of Job Grading. 1. Financial certainty From a Chief Finance Officer’s perspective, job grading can help to better manage payroll costs. The process is essential in setting the right budgets, providing the Finance team in particular with greater certainty over the required HR budget f...