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What is Human Capital Management?

Human Capital Management (HCM) is an umbrella term that refers to all aspects of managing a workforce, including human resources, talent management, benefits administration, time and labor, payroll services, retirement services, business insurance, Affordable Care Act compliance, and more.

Essentially, HCM integrates often-siloed areas of workforce management. An HCM solution is particularly appropriate for midsized and large companies with complex workforces.

HCM solutions starts with workforce data consolidation, which enables companies to:

  • Understand their total cost of workforce ownership
  • Identify trends across all areas of workforce management
  • Identify opportunities to gain efficiencies and improve KPIs
  • Develop strategies to align workforce performance with corporate objectives
  • Simplify HR administration
  • Simplify Affordable Care Act reporting

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See how ADP helps companies take an integrated approach to managing their workforce. Visit ADP Human Capital Management >