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Definition (PCM)

“PCM (People Capital Management) is a process of acquiring, developing, deploying and retaining the collective knowledge, skills and abilities of an organisation’s employees by implementing processes and systems that match employee talent to the organisation’s overall strategic goals.”

The concept of People Capital Management recognises that not all employees are equal and that the quality of employees can be improved by investing in them. The development, experience and abilities of an employee have an economic value for employers and for the economy as a whole.

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