The Textbook Identifies a Series of Variables That Are Critical

question 17

True/False

The textbook identifies a series of variables that are critical in extracting value from outsourcing training and development services.High on that list is having a high trust level between the organization and the service provider.

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Definitions:

Skills Gap

The difference between the skills required for a job and the actual skills possessed by employees.

Labour Market Supply

The total available workforce or pool of workers in a particular market or region, willing to work under existing conditions.

External Human Resource Supply

Refers to the availability of potential job candidates outside the organization, which HR uses to fill current or future job openings.

Hard Cost

Direct, tangible expenses associated with a project or investment, such as materials and labor costs.