Human Capital ManagementTypically a process managed by human resources within an organisation, this is a very important element to the success of a company. Talented people can, and usually are, the greatest asset a company has. The ability to recruit, retain and maintain these individuals at a high level can be complicated and costly. The HCM process involves all activities related to hiring new employees, managing the careers of those employees while they work at the company, and the possible loss of those employees from the workforce due to retirement or layoff. (Magal, 2009) Today's market is much more complex. Many more people are highly qualified and recruiting these people can be very competitive. With social media, job boards and job seekers, candidates often have a much higher level of understanding of what is “out there”. Younger generations of employees are also much less loyal to the companies they work for, while the same appears to be true in reverse as well. Employees also need to be retained. An organization must make appropriate...