Human Capital Management Practice Exam

About Human Capital Management
Human capital management (HCM) is a set of practices related to people resource management. These practices are focused on the organizational need to provide specific competencies and are implemented in three categories: workforce acquisition, workforce management and workforce optimization.

Human capital management covers a wide variety of administrative and strategic practices and processes including:
•    Workforce planning
•    Compensation planning
•    Recruiting and hiring
•    Onboarding
•    Training
•    Time and attendance
•    Payroll
•    Performance management
•    Workflow management
•    Reporting and analytics
•    Compliance
•    Employee service and self-service
•    Benefits administration
•    Retirement services

Why is Human Capital Management important?
Human capital management (HCM) is the set of practices an organization uses for recruiting, managing, developing, and optimizing employees to increase their value to the company. Done right, human capital management results in:
•    Hiring the right talent
•    Having all needed skill sets in the company’s workforce
•    Managing employees effectively
•    Increasing productivity

Who should take the Human Capital Management Exam?
•    HR  professionals
•    Business owners
•    HR managers and senior executives
•    Anyone who wants to assess their human resources skills
•    Entrepreneurs

Knowledge and Skills Required for the Human Capital Management Practice Exam

Specific skills are needed to succeed in human capital management which includes, computer skills, knowledge of employment law, writing and developing strategic plans, and critical-thinking skills with strong ethics.

Human Capital Management Practice Exam Objectives

Human Capital Management exam focuses on assessing your skills and knowledge in planning, acquisition and management of human capital for the organziation.

Human Capital Management Practice Exam Pre-requisite

There are no prerequisites for the Human Capital Management exam.

Human Capital Management Certification Course Outline
1. Human Capital Management
1.1 HCM Basics
1.2 History
1.3 Emergence
1.4 Evolution
1.5 The HCM Process
1.6 Current Application of HCM
1.7 Enterprise Systems Integration
1.8 Opportunities and Challenges

2. The Application of HCM
2.1 Basics
2.2 Significance and Benefits
2.3 Talents Acquisition
2.4 HCM and Business Strategy

3. Financial Perspective of HCM
3.1 Hallmarks of Future-Focused HCM
3.2 HR’s Role
3.3 Financial Benefits

4. Strategic Workforce Planning
4.1 Workforce Planning
4.2 Workforce management (WFM)
4.3 Competency

5. Talent Acquisition
5.1 Recruitment
5.2 Employee Value Proposition
5.3 Assessment
5.4 Employee Induction

6. Performance Measurement
6.1 Performance measurement in education
6.2 Top Ten Reasons for a Performance Measurement System
6.3 Measurement System
6.4 Types of Measurement
6.5 Bench marking and Methods of Evaluation
6.6 External Assessment Goals
6.7 External Assessment Methods
6.8 Internal Assessment Goals and Methods
6.9 Succession Management and Career Planning

7. Potential Measurement
7.1 People Potential Performance Model

8. HCM Development
8.1 Training and Development
8.2 Coaching
8.3 Game-Learning

9. Employee Retention
9.1 Employee Retention Introduction
9.2 The Cost of Turnover
9.3 Herzberg's Theory
9.4 Equity Theory
9.5 Retention Programs
9.6 Employee Separation
9.7 Retention Tools and Resources
9.8 Join, Stay, Leave Model
9.9 Best Practices
9.10 Outsourcing Employee Retention Program

10. HRMS or HRIS
10.1 Assigning Responsibilities Communication Between the Employees
10.2 Solutions offered by HRIS

Exam Format and Information
Certification name – Human Capital Management Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199