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According to Taylor, the question of the meaning of life admits no significant answer.
High Potential
Individuals identified within an organization who have the ability, engagement, and aspiration to rise to and succeed in more senior, critical positions.
Human Resource Surplus
A situation where there are more employees available within an organization than necessary, often leading to downsizing or layoffs.
Outsourcing
The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or are outside the business's core competencies.
Contracting Out
The process of hiring external service providers to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.
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