5. Human Capital Management:

Human capital is undoubtedly the key resource of any organization. The objective of human capital management spans right from the manpower requirement assignment to management and retention of the same. It is responsible for effective designing and implementation of various programs, policies, and procedures. Human capital management is all about developing and managing talent, skill, knowledge, creativity, and aptitude to the optimally level.

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In addition, human capital management focuses on managing the physical and emotional capital of the employees of an organization. It is concerning development and management of harmonious relationships at the place of work and striking a balance between organizational goals and individual aspirations.  The scope of human capital management is exclusive and far-reaching. With regards to the intricacies involved, the scope of this sector is widening with every passing day.

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