Examlex
Although important in determining training program success, organizations conduct a needs assessment less than half the time before initiating a training program.
Predicts Future
The act of forecasting or estimating future trends, behaviors, or events based on current or past data.
Labour Expenses
The total costs incurred by an organization in compensating its employees, including salaries, benefits, and other related expenses.
Labour Force
The total number of people employed or actively looking for employment in a specific area or economy.
Outsourcing
The practice of hiring third parties to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
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