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Explain the Purpose and Value of a Human Resource Inventory

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Essay

Explain the purpose and value of a human resource inventory? What are the different human resource inventory records maintained by an organization?


Definitions:

Price Management

The strategic process of setting, adapting, and potentially negotiating prices of products or services to achieve financial goals.

Services

Offerings, advantages, or pleasures provided for purchase that are fundamentally non-material and do not lead to acquiring ownership of any item.

Future Services

Anticipated or planned services intended to be introduced or enhanced in the future to meet emerging customer needs.

Key Elements

Fundamental components or factors that are essential for the success or functioning of something.

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