The Key to Ratio Analysis Is Assessing Each Promotable Employee

question 95

True/False

The key to ratio analysis is assessing each promotable employee for KSAO or competency gaps, and where there are gaps, creating employee training and development plans that will close the gap.

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Definitions:

Strategic Human Resource Management

The mobilization of human capital to implement organizational strategies.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

HRM Process

A series of strategic procedures and policies implemented by the Human Resources Management department to recruit, train, evaluate, and manage an organization's employees.

Quid Pro Quo

A Latin term meaning "something for something," which refers to a mutual agreement where something is given in exchange for something else.