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Question
Human resource management’s ______ significance lies in driving productivity and economic growth by optimising the use of labour in the country, developing talent, and aligning workforce capabilities with broader development goals.
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Solution
Human resource management’s national significance lies in driving productivity and economic growth by optimising the use of labour in the country, developing talent, and aligning workforce capabilities with broader development goals.
Explanation:
The macro-level impact of HRM, which extends beyond an individual business to benefit the entire country. By reducing unemployment, upgrading the skills of the nation’s workforce, and utilising human capital efficiently, HRM directly accelerates a country’s economic development and standard of living.
