Final answer:
A well-organized human resources department aims to minimize losses due to employee separations and transfers, focusing on retaining and effectively hiring employees to reduce the number of firings. They also work within labor market realities, where laws and regulations can influence hiring and firing practices and the relationship with unions.
Step-by-step explanation:
A well-organized human resources department strives to minimize losses due to separations and transfers. This approach specializes and focuses on the retention of employees and hiring practices, aiming for the least number of firings and the most effective hiring relative to the organization's size.
Understanding the broader context of labor markets, government rules that make it difficult to fire or lay off workers can lead businesses to avoid hiring more than necessary, thus affecting the overall unemployment rate. Also, regulations supporting powerful unions can drive up wages but also discourage businesses from hiring.