What Questions Does the HR Department Need to Answer in Order

question 69

Essay

What questions does the HR department need to answer in order to ensure the relevance and competitiveness of an organization in a fast-changing world?
$\bullet$ Competence- To what extent does the company have the required knowledge, skills, and abilities to implement its strategy?

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Definitions:

Legal Capital Approach

A method of accounting that maintains capital at a certain legal minimum to protect creditors.

Ownership Equity

The owners' residual interest in the assets of a company after deducting liabilities, also known as shareholders' equity or stockholders' equity.

Date of Record

The specific date set by a corporation on which the company determines the shareholders eligible to receive dividends or other distributions.

Stock Split

A stock split is a corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares.