An Employer's Employment Decisions Must Be Rational and Intuitive

question 51

True/False

An employer's employment decisions must be rational and intuitive.

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Definitions:

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, measure and monitor progress towards strategic targets.

Markov Analysis

Markov analysis is a statistical technique used to predict the future behavior of variables or systems based on past behavior and probabilistic factors.

Replacement Chart

A visualization tool used in human resources to plan for succession and identify backup candidates for key positions within an organization.

Skills Inventory

A comprehensive list or database of the skills, competencies, and qualifications that employees currently possess within an organization.