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What is the human capital management industry?

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What is the human capital management industry?

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The Human Capital Management (HCM) industry is involved in hiring, firing, retention, training, development, EEOC issues, benefits, search, recruitment, contractors, and temporaries in business environments on a global scale. In total, HCM represents a $200 billion industry, which is driven by search and human resources consulting firms like On Assignment. According to current trends and forecasts set forth by analyst firms including the Hudson Institute, by the year 2015 more people will be retired than working in the United States. This pending crunch of educated workers will affect the recruitment and search industry in a very positive way.

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