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Human Capital Management (HCM) is an essential business function concerned with optimizing employees' skills, knowledge, and abilities for the organization's benefit. It encompasses Human Resource Management (HRM), which manages employee relationships and regulatory compliance, as well as Recruitment and Staffing, which involves identifying, attracting, and retaining top talent. HCM focuses on developing a skilled workforce that drives business success by aligning people strategies with organizational goals, leveraging technology to streamline processes, and fostering a positive employee experience.