Which management function focuses on hiring, training, and development of employees?

The correct answer centers around Human Resource Management, as this function is specifically dedicated to managing the workforce of an organization. This encompasses a range of activities focused on the recruitment, selection, training, and ongoing development of employees. Human Resource Management is essential for ensuring that the organization has the right talent in place, which is necessary for achieving its strategic objectives.

This function not only involves the initial hiring process but also focuses on employee orientation, skill development through training programs, performance evaluation, and career advancement opportunities. By investing in personnel development, Human Resource Management aims to enhance employee satisfaction, retention, and productivity, ultimately contributing to the overall success of the organization.

In contrast, Financial Management primarily deals with managing the organization's finances, including budgeting, investments, and financial reporting. Project Management focuses on planning, executing, and closing projects while ensuring that they are completed on time and within scope. Operations Management concerns itself with overseeing the production processes and the efficient delivery of goods and services. Each of these other functions plays a critical role in an organization but does not center on the aspects of hiring, training, and employee development in the way that Human Resource Management does.