HUMAN CAPITAL MANAGEMENT

In the current global work environment where the import of digital skills and culture is as important, if not more important, than traditional business skills, all organisations should be focused on identifying, hiring, training and retaining the talent and knowledge relevant for a highly competitive digital economy. In many cases, these talents often exist within organisations but have not been identified and utilised appropriately.

Human Resource Management (HRM), was designed to maximise employee performance in service of their employers strategic objectives. It is primarily concerned with how people are managed within organisations, focusing on policies and systems.Human Resource departments are typically responsible for a number of activities, including employee recruitment, training and development, performance appraisal, and rewarding. HR is also concerned with balancing of organisational practises with regulations arising from collective bargaining and governmental laws.

The HR function was initially dominated by transactional work, such as payroll and benefits administration, but due to globalisation, consolidation, technology, and research HR is now far more strategic and focuses on strategic initiatives like mergers and acquisitions, talent management, succession planning, industrial and labour relations, cultural development, corporate social responsibility, and diversity and inclusion. We refer to this far more strategic organisational role as Human Capital Management (HCM).

Galbraith & Co. have developed a suite of human capital management tools and programs designed for the new digital economy that range from the automation of the more traditional HR functions including: position definition and description, hiring, training, right-sizing, etc. through to workforce planning including: talent identification, gap analysis, cultural development, and succession planning. Furthermore, we offer other crucial and related tools and programs including: governance, knowledge management, and learning management. All these management tools have been designed to significantly enhance the productivity of the human capital management function for progressive organisations.

Go to top