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Related Flashcards
Related Topics
Cards In This Set
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Action planning
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Is the stage in the human resource planning cycle where the organization makes a specific plan regarding how best to use the workforce to help meet the strategic goals of the firm
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Forecasting
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Is the stage of the human resource planning cycle where the organization must predict the demand for and supply of labour in order to meet the strategic goals of the firm
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HIPOs (high potentials)/stars
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Are those employees who are currently achieving a high level of performance and have the potential to make a key contribution to the strategic development of the firm
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Key performers
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Are those employees who are currently achieving a high level of performance but have little potential to make a key contribution to the strategic development of the firm
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Stocktaking
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Is the stage of the human resource planning cycle where the organization must identify a range of factors currently impacting its operations
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Underperformers
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Are those employees who are currently not achieving a high level of performance and have little potential to make a key contribution to the strategic development of the firm
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Untapped potentials
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Are those employees who are currently not achieving a high level of performance but with the necessary changes have the potential to make a key contribution to the strategic development of the firm
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Workforce planning
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Is the process through which an organization ensures it has the right number of people with the right skills in the right roles both now and for the future
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