Final answer:
Human capital management helps organizations establish and maintain a competent and loyal workforce at an affordable cost.
Step-by-step explanation:
The aim of human capital management is to help the organization establish and maintain a competent and loyal workforce at an affordable cost.
Human capital management focuses on the retention of employees and hiring practices to ensure the least number of firings and the greatest number of hirings relative to the organization's size. It involves thoughtful investments in human capital through training and development to maximize the investment made during the hiring process.
This helps businesses maintain a competent workforce at an affordable cost, as it increases the productivity and efficiency of employees, reduces turnover, and ensures the organization can attract and retain top talent.