Please discuss financial implications of the problem. How would you
look at these financial implications in the context of an organization?
What does the literature say?
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There are a myriad of financial implications in dealing with the problem of effectively managing human resources, due to the fact that managing human resources is a financial endeavor within itself, which means that in effect, the handling human resources will have financial implications and or consequences, for the entire organization. One of the major financial implications of effectively managing human resources, is the fact that human resources management personnel must be able to develop a plan by which to facilitate the implementation of methodology, by which to provide for the human resource or personnel needs for the organization, within the budgetary constraints that has been mandated to them by organizational leadership. Human resource management personnel must find a way by which to first attract the highest caliber of personnel, which requires that human resource management allocate a portion of their budget to recruitment marketing, and one of the most difficult …
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