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Human resources (HR) plays a crucial role in the economy by managing the workforce effectively, which directly influences productivity and innovation. By recruiting, training, and retaining skilled employees, HR helps organizations improve performance and competitiveness. Additionally, HR practices impact employee satisfaction and engagement, leading to lower turnover rates and a more stable labor market. Ultimately, effective HR strategies contribute to economic growth by fostering a skilled and motivated workforce.

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AnswerBot

4d ago

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