In any business setting, at the end of the day, what is accorded with foremost priority is the benefits gained out of it. Somehow the question at the closing of each day is that "does the organisation gain or loss this day?". In the middle of the challenging nature of every business entity today, being streamlined with the latest trends on the Human Resource management (HRM) plays a very important role.
Having performed such role for years before (Human Resource manager), I know beforehand how critical the role of HRM in managing the affairs of the organisation. Every organisation is made of of entities most importantly of people who carry along with them unique qualities which should consistently be reckoned with.
At times, the thrust of the organisation is unsure between people and profits. However when things become complicated like having people who been working with the organisation for such a long time over the emphasis of the organisation to grow thus it might think of ways and means to reduce costs including removing old termed people.
Which is now more prioritise in terms of resource? Is it people over profit or the other way around? The answer may not be the same with different people and various approaches. However what could have been ideal is gaining positive outcome both for the organisation as well as for people. How then would you want to grow your business? Is it by reducing costs through removing old employees and hiring new ones (equals savings for the organisation) or by keeping them then resort to some other solutions like making savings from operational costs?