
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.
Want to see more full solutions like this?
Chapter 15 Solutions
BUSN (with MindTap Business, 1 Term (6 Months) Printed Access Card) (MindTap Course List)
- King’s Park, Trinidad is owned and operated by a private company,Windy Sports Ltd. You work as the Facilities Manager of the Park andthe CEO of the company has asked you to evaluate whether Windy shouldembark on the expansion of the facility given there are plans by theGovernment to host next cricket championship.The project seeks to increase the number of seats by building fournew box seating areas for VIPs and an additional 5,000 seats for thegeneral public. Each box seating area is expected to generate $400,000in incremental annual revenue, while each of the new seats for thegeneral public will generate $2,500 in incremental annual revenue.The incremental expenses associated with the new boxes and seatingwill amount to 60 percent of the revenues. These expenses includehiring additional personnel to handle concessions, ushering, andsecurity. The new construction will cost $15 million and will be fullydepreciated (to a value of zero dollars) on a straight-line basis overthe 5-year…arrow_forwardBeginning inventory:53000, Ending inventory:60000arrow_forwardI need the correct answer to this general accounting problem using the standard accounting approach.arrow_forward
- Please explain the solution to this financial accounting problem with accurate principles.arrow_forwardEnergy Resources generated an EPS of $4.38 over the last 12 months. The company's earnings are expected to grow by 30.7% next year, and because there will be no significant change in the number of shares outstanding, EPS should grow at about the same rate. You feel the stock should trade at a P/E of around 30 times earnings. Use the P/E approach to set a value on this stock. Using the P/E approach, the value on this stock is $ (Round to the nearest cent.)arrow_forwardWhat are total assets at December 31,2023 ?arrow_forward
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
