Successful businesses excel in the management and leveraging of their human resource assets, although the positive financial impact associated with these management practices are often underrated. 
The efficient management of human resources is essential in today’s competitive environment. Businesses must develop and implement innovative and effective human resource management policies and practices to attract and retain the best and brightest employees and raise their level of performance.
Economic value is often limited to balance sheets and assets.
The knowledge and abilities of a company’s human resource assets constitute an important source of financial value, as they contribute to the overall organisational efficiency of the business.
Retaining a productive, high-quality workforce is the key to developing a strong corporate brand that feeds off workers, who are proud to be associated with a progressive employer who cares and listens.
Conversely, departing employees will disrupt the team and create unwanted tension. Employee turnover has several negative impacts, including increased operating expenses and the lowering of customer service standards.
Companies cannot overlook the benefits of effective human resource management. Effective communication, celebrating and rewarding success while building pride and a sense of belonging, these are just a few examples of gestures that will have a positive impact on your human resource investment, which in turn will have a positive impact that will make its way to your bottom line.