Lily : hi Mukil, I heard that there is new employee joined in your department.
Mukil : Yes Lily, we hired a young candidate in our sales department because he has a very good reputation and connection with stakeholders in his previous company which is our competitor.
Lily : Great, our organization is human capital management oriented where we all are aware of the objective of HCM applications and its advantages which benefited our workforce.
Mukil : Yes, I totally agree with you Lily. Your manager won best employee award last year. My efforts are rewarded and recognized by the management as well.
Lily : It is because each HR data were well interpreted by the management at the right time.
Mukil : Since you said your department have hired a millennial, its not easy to retain them. Their expectation on salary packages are so futuristic.
Lily : Yet we have to compete in offering market range compensation packages because currently big labour markets are millennial.
Mukil : Haha, yes agreed.
Based on the conversation, answer the questions below:
Q.Explain the HR data collected and used for human capital evaluation in the above scenario and elaborate the future of HCM in handling millennial?
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