What Is the First Step of an Effective HR Process

question 47

Multiple Choice

What is the first step of an effective HR process?

• A) developing a strategic action plan
• B) forecasting the demand for labour
• C) determining the internal and external supply of labour
• D) identifying the gap between demand and supply

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Definitions:

Rents

in economics, refers to the income generated from leasing properties or land; can also refer to excess profits not attributed to investment or innovation.

Dividends

Dividends are a portion of a company's earnings distributed to shareholders, representing a share of the profits.

Trailing Spouses

Partners who follow their spouse to a new location due to the spouse's job relocation, often facing challenges in their own careers.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature, especially in the workplace or educational settings.