Mistake #4: Using contract recruiters to hire your employees.

As noted earlier, the most succinct definition of human capital management (HCM) is how an organization gets the right people, with the right skills, in the right place, at the right time. This is trickier than it sounds, however. It requires an understanding of all of the factors at play that can impact this including, among others, the economy, the business cycle, the competitive landscape, and a company’s processes, procedures, and strategies. These things affect both the company as a whole, as well as an individual employee and their “lifecycle” within a company. By “lifecycle”, I mean the end-to-end process by which an employee joins a company, grows within that company, and then exits the company.

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