Final answer:
The ultimate goal of human resource management is to manage risk and retain great employees, which includes hiring, training, reducing bias, and developing a diverse and productive workforce.
Step-by-step explanation:
The ultimate goal of human resource management is D. to manage risk and retain great employees. This goal encompasses an array of strategic responsibilities, including hiring talented employees, training them, professionalizing HR functions to reduce bias in hiring, creating equal opportunity programs, and promoting a culture that values security management and safeguards. Human resource management also involves investing in human capital—both in hiring and ongoing development—to ensure employees are proficient and can contribute significantly to the organization's success.
For example, when considering the hiring process, a company advertises an open position, collects résumés, screens candidates, and coordinates interviews with the intent to hire the most qualified individuals. By doing so, they aim to add to their human capital and increase productivity by having skilled, educated, and motivated workers who contribute to the company and the broader economy. Additionally, by professionalizing HR functions, larger organizations may reduce discrimination and bias, thereby creating a more diverse and inclusive workforce.