Topic > The Objectives of Human Resource Management - 990

In economic terms, managers may be concerned with the cost-effectiveness of labor management. It is important for any business or organization to fully understand the issue of cost-effectiveness because it helps to stabilize the business or organization. Therefore, it is crucial that managers do not overemploy workers. If a company employs more employees but does not utilize their skills and services, it is a waste. Likewise, if a company employs fewer employees, it creates problems for workers in terms of too many tasks to handle due to limited staff. This can create dissatisfaction among employees. Therefore, it is not convenient in terms of work management. When a company or organization sells a highly competitive product, such as cell phones and other gadgets, the company tends to employ labor with lower labor costs. For example, the Apple company uses Foxconn services due to the low cost of labor in building iPhones and iPads. The same goes for Nike, which has Nike factories in third world countries, for example, Vietnam and China, and has exploited workers in Asia for its own financial gain. This is to ensure that they get much more profit, although some people may perceive it