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What Is Workforce Modeling,and What Is Its Use in an Organization

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What is workforce modeling,and what is its use in an organization?


Definitions:

Economic Resources

Assets or inputs utilized in the production of goods and services, such as labor, land, and capital.

Shareholders' Equity

Shareholders' equity is the residual interest in the assets of a corporation that remains after deducting its liabilities, often referred to as stockholders' equity.

Private Company

A business entity owned by private individuals or entities and not publicly traded on a stock exchange.

Public Company

A company whose shares are traded freely on a stock exchange, making its financial records and activity reports publicly available.

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