Abstract

Human capital management represents a strategic and planned approach to the management of the most valuable resource that organizations have, namely employees and their human capital. Human capital management system supports the various processes of the organisation and helps to achieve organisational goals using effective use of human capital and effective investment in human capital as investment in education and training, health and relaxation, safety at works and ergonomics. The article aim is to explain the nature of human capital management, characterize the relationship between the human capital management and human resources management, and identify some approaches to measurement for human capital management.

Highlights

  • Present is represented by a constant pressure on the competitiveness of enterprises

  • The objective of the paper is to explain and analyse the views on the human capital management, to characterise the relations between human capital management and human resources management (HRM), to identify some approaches to measurement of the HCM aimed at increasing the efficiency of human capital and enterprise performance

  • We have identified and gathered different views on the explanation of the relationship of these concepts of work with people in enterprises, we have pointed out the possibility of applying some of the metrics in the context of the implementation of human capital management in the transport enterprises practice

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Summary

Introduction

Present is represented by a constant pressure on the competitiveness of enterprises. Increasing of overall productivity of the company is one of the factors enabling the creation of added value and achieving long-term growth of the company [1]. The management style, leadership and employee motivation should be adapted forasmuch as well-motivated employees are able to influence the efficiency of business processes in a right way [4] For this reason, the managers draw their attention to the detection, assessment and comparison of the efficiency of enterprise inputs. The concept of human capital management (HCM) emphasises and draws attention to the current knowledge of man, their meanings and use for the enterprise and their systematic development and strengthening. Moravčíková and Križanová [5] emphasize that CSR has become an important means of improving business relations, addressing social problems, consolidating customer relationships and, increasing the company's competitiveness in the long run and spreading good reputation

Objective and methodology
Human capital management and human resource management
Measurements for human capital management
HCM value matrix
Human capital development framework
HCM and BSC method
Conclusion
Accounting for People Task Force
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