The Overall Purpose of the Human Resource Planning Subsystem Is

question 68

True/False

The overall purpose of the human resource planning subsystem is to aid in the recruiting and selecting of personnel.

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Definitions:

Human Capital Stock

The accumulated skills, knowledge, experience, and abilities that the workforce possesses, which can contribute to an organization's performance and productivity.

Human Capital Flow

The movement and development of employees' skills and knowledge within and between organizations, which can impact innovation and economic growth.

Succession Management

Strategic process of identifying and preparing suitable employees through mentoring, training, and job rotations to replace key players within an organization as they retire or leave.

Turnover Rates

The percentage of employees leaving a company within a certain period, which could be indicative of the workplace environment, job satisfaction, or other factors.