Examlex
Which of the following is true regarding career patterns?
Human Resource Surplus
A situation where there are more employees available within an organization than necessary, often leading to downsizing or layoffs.
Outsourcing
The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or are outside the business's core competencies.
Contracting Out
The process of hiring external service providers to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's expertise.
Human Capital Shortages
A situation where there is a lack of skilled individuals available in the labor market to meet the demands of employers.
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