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question 118

Essay

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Analyze the impact of demographic trends on HR supply planning and the importance of long-term succession planning.

Grasp the reasons organizations have succession management programs and their expected outcomes.

Acknowledge the significance of leadership development activities as rated by HR managers.

Understand the concept of replacement planning and its role in HR planning.

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Definitions:

Federal Income Tax

A charge imposed by the federal government of the United States on the yearly income of entities such as individuals, corporations, trusts, and various legal bodies.

Corporation

A legal entity recognized by law, created by individuals or shareholders, with rights and liabilities distinct from those of its owners.

Attract Capital

Strategies or actions taken by businesses to draw in investment funds from outside sources.

Fiduciary Duty

An obligation to act in the best interest of another party, such as a trustee for a beneficiary, including acting with loyalty and care.