To discuss: Importance of human resources to the success of business.
Explanation of Solution
Human resource management is the process of managing the people in an organization. The workers and the employees are managed to accomplish the organizational goals and objectives. It has treated the people as an assets for the organization.
Many companies considers their human resources as a biggest investment. Human resources management nurture human investment so that it yields maximum possible returns. It can help the business by recruiting the best talents, promoting career development and improving organizational effectiveness.
Human resources helps to increase the productivity by implementing the tasks like training, induction, and recruitment which all help to make product better and thus, increasing customers’ satisfaction.
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Chapter 15 Solutions
BUSN 11 Introduction to Business Student Edition
- What are the key functions of human resource management, and how do they impact organizational success? How can organizations attract, develop, and retain talented employees?arrow_forwardPrepare a forecast of the human resources needs of a business firm.arrow_forwardDiscuss the basic objectives of human resource management effectiveness.arrow_forward
- What are the key considerations and legal obligations that organizations need to address in managing their workforce to ensure compliance with labor laws?arrow_forwardEnumerate the functions of Human Resource and discuss its importance using your own understanding.arrow_forwardIdentify the components of the human resource model and describe how they interact. Describe the key elements in workforce planning.arrow_forward
- Explain the importance of employee training and development programs in enhancing the skills and capabilities of the workforce?arrow_forwardExplain human resource planning and Explain why it is important to organizationsarrow_forwardexplain how human resource management contributes to the achievement of the organisation’s strategic plans.arrow_forward