, Volume 44, Issue 2-3, pp 171-184

Human Capital Management: New Possibilities in People Management

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Abstract

In addition to the traditional personnel and human resource management (HRM), there is a need for a new approach to personnel management, which we will call Human Capital Management (HCM). HCM emphasises an alignment between the individual and the organization and in our view offers the challenge and the key to successful management in the future.