ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There are four parts to the HR plan, which follow an individual’s career path as the employee progresses in the business. Which of the following is NOT a part of the HR (workforce) plan:
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Appraisal
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Paid time-off
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Recruitment
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Redundancy (lay-off)
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Explanation:
Detailed explanation-1: -There are four key steps to the HRP process. They include analyzing present labor supply, forecasting labor demand, balancing projected labor demand with supply, and supporting organizational goals. HRP is an important investment for any business as it allows companies to remain both productive and profitable.
Detailed explanation-2: -What are strategic HR functions? Compensation planning, recruitment, succession planning, and employee development are examples of strategic HR functions.
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