_____ Is the Process of Identifying and Developing Internal People

question 58

Short Answer

_____ is the process of identifying and developing internal people who have the potential for filling positions.

Recognize the benefits of internal and external workforce sourcing and the factors affecting these choices.

Grasp the concept and advantages of mass customization in HR practices.

Identify the key aspects and challenges of employee retention and human capital management.

Understand human resource segmentation and its role in customizing HR practices at the employee level.

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Definitions:

Contributed Capital

The total value of the cash and other assets given by shareholders in exchange for shares of the company's stock.

Bonds Payable

Long-term debt instruments issued by a company to borrow funds, where the company agrees to pay back the principal along with interest on specified dates.

Premium on Preferred Stock

The amount by which the issue price of preferred stock exceeds its par value, typically reflective of additional benefits such as higher dividends.

Subscriptions Receivable

The amount of money owed to a company for goods or services delivered or provided but not yet paid for by customers under a subscription model.