Hi! When do you need this? Any other source or length requirements?
From the textbook Fisher, C., Schoenfeldt, L., & Shaw, J. (2006). Human resource management (Sixth ed.). Boston, MA: Houghton Mifflin Company. Also, one outside resource would be great. 2-3 paragraphs in length please.
I am so sorry when I did not hear from you, so I took on some other large pieces of work. I will opt out and open this for other Experts.
Through HR, the company realizes savings and optimization. HR promotes retention, which saves the company at least on-half to one times the operative's salary according to the Jumbuck scenario. When managers leave, the cost is one to two times that. Therefore, HR's ability to improve and maintain internal communication, engender motivation and performance and promote retention and attendance save the company considerable time and money.
Moreover, HR helps the company increase the value of its current human capital through retention and training. After all both promote knowledge and skill acquisition and specialized experience. Although the employees may require additional training, each new employee requires training. Moreover, the recruiting, selection and hiring processes do not guarantee success. Therefore, acquiring and retaining employees is the most profitable and cost-efficient way for companies to remain competitive. Since there are more than 20 firms in the area in the same industry as Jumbuck, HR's scope of duty and responsibilities gives the firm a competitive edge.