"People are our most valuable assets" is a statement that most managers would agree with, although some managers are also concerned with the cost of human resources to their business.

explain the rationale for the foundational assumption of the study of HRM that people are valuable assets as well as a cost. Then outline how HRM is assumed to assist businesses manage their human resources so that they are both valuable and cost effective to the firm. 'Only use the 4 documents attached. No need of additional sources'.