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Workforce Planning
The systematic process for identifying and addressing the gaps between the workforce of today and the human capital needs of tomorrow.
Labour Market Data
It encompasses statistical information related to employment, unemployment, wages, and workforce characteristics in a specific region or industry.
External Human Capital
The skills, knowledge, and abilities present in individuals outside an organization that can be brought in through hiring or collaboration.
Integrative IHRM Approach
A comprehensive strategy in international human resource management that combines multiple aspects and practices to manage global workforce effectively.
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Q111: Briefly discuss the Contract Clause of the