INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
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Calling customers to ensure satisfaction
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Obtaining new products to replace sold stock
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Processing new employees’ payroll paperwork
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Producing the annual company balance sheet
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Detailed explanation-1: -Recruiting, hiring and retaining talent Talent acquisition is one of the more well-known functions of any HR department. Making sure the workforce capabilities and performance match organizational goals is crucial for the health of the company.
Detailed explanation-2: -The following are the various HR processes: Human resource planning (Recruitment, Selecting, Hiring, Training, Induction, Orientation, Evaluation, Promotion and Layoff). Employee remuneration and Benefits Administration. Performance Management.
Detailed explanation-3: -The main function of human resources is to take care of employee relations, while the payroll function deals with the financial compensation of those employees and the process by which they get paid. These two departments have distinct responsibilities in an organization, however they do have areas where they overlap.
Detailed explanation-4: -For our purposes, we’ll look at the five core areas: recruiting and staffing, compensation and benefits, training and development, talent management, safety and compliance. In large organizations, these functions may be split.