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Human Resource Planning
Is the process of forecasting the supply and demand for human resources within an organization and developing action plans for aligning the two.
Benchmarking
A process by which a company measures its products, services, or processes against those of leading competitors or industry standards to identify areas for improvement.
Open-Book Management
A management approach where employees are provided with company financial information to involve them in decision-making processes.
Human Resource Information Systems
A system of databases and information management that automates processes related to the human resource management functions like payroll, recruitment, and performance evaluation.
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