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Discuss the trends in labour force participation in Australia over the past 40 years.
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Competencies
Encompasses the abilities, skills, knowledge, and behaviors that contribute to an individual's capability to perform tasks successfully in a job or role.
Human Resources Demand
The projected need for additional employees in an organization, based on its future business activities, growth plans, and strategic objectives.
HR Gap
The difference between the current capabilities of an organization's human resources and the skills and competencies needed to achieve strategic objectives.
Human Capital
Human Capital represents the skills, knowledge, and experience possessed by individuals, considered in terms of their value to an organization.
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