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The second step in human resource planning consists of conducting job analyses.Through observation and research,the manager will collect information on the kinds of things that each job title performs and how they are performed,as well as the skill and knowledge requirements for doing the job.
A job analysis is a study of the types of things that each job title does and how they do them,as well as what it takes to perform the job.Through this information,the manager can proceed with writing the job description and the job specifications.
Constant Returns to Scale
A situation in which increasing the scale of production inputs results in a proportional increase in the output.
Long-run Average Total Cost
The cost per unit of output incurred when all factors of production, including physical capital, are variable.
Minimum Efficient Scale
The smallest level of production at which a firm can achieve the lowest long-run average total costs.
Constant Returns to Scale
A situation in which the proportionate increase in inputs leads to an equal proportionate increase in outputs, meaning costs and outputs scale equally as production expands.
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