"Our assets walk out of the door each evening, we have to make sure that they come back the next morning". This statement related to which function of management. Explain the importance of this function.

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Solution

Staffing.
Importance of Staffing:
1. Efficient Performance of Other Functions: Staffing is the key to the efficient performance of other functions of management. If an organisation does not have competent personnel, it can’t perform planning, organisation and control functions properly.
2. Effective Use of Technology and Other Resources: It is the human factor that is instrumental in the effective utilization of latest technology, capital, material, etc. the management can ensure right kinds of personnel by performing the staffing function.
3. Optimum Utilization of Human Resources: The wage bill of big concerns is quite high. They also spend money on recruitment, selection, training and development of employees. In order to get the optimum output from the personnel, the staffing function should be performed in an efficient manner.

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