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Succession Planning: Talent Imbalances and Solutions

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Succession Planning: Talent Imbalances and Solutions

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Questions and Answers

What is the primary goal of succession planning?

To implement hiring freezes

To outsource to a third party

To increase employee turnover

To ensure high-quality talent is available for business strategies (correct)

Which of the following is a strategy to manage a talent surplus?

Use a retention bonus to reduce turnover

Outsource to a third party (correct)

Implement alternative work arrangements

Increase employee work hours through overtime

What legal consideration should be taken into account during workforce reductions?

Outsourcing to temporary workers

Older Workers Benefit Protection Act (OWBPA) (correct)

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Age Discrimination in Employment Act

Which of the following laws protects against age discrimination in employment?

Age Discrimination in Employment Act Signup and view all the answers

Which of the following approaches involves broadening the scope of a job by expanding the number of different tasks that are performed?

Job enlargement Signup and view all the answers

Who is responsible for completing the job analysis according to the text?

HR Operations Signup and view all the answers

What is the main purpose of job redesign as mentioned in the text?

To improve existing jobs in various ways Signup and view all the answers

Which field poses a challenge in terms of filling positions due to retiring workers, as discussed in the text?

Truck driving Signup and view all the answers

What is the primary purpose of Human Resource (HR) Management?

Achieving organizational objectives and goals through managing human talent Signup and view all the answers

Which of the following is NOT a core HR function mentioned in the text?

Taxation and accounting Signup and view all the answers

How does technology impact Human Resource (HR) functions according to the text?

Overreliance on technology can hinder learning and critical thinking in HR Signup and view all the answers

What is the concept of human capital in the context of an organization?

The collective value of employees' knowledge, skills, and experiences Signup and view all the answers

What does efficiency refer to in the context of human capital management?

The degree to which operations are carried out in an economical manner Signup and view all the answers

In the context of staffing, what does the 'gig economy' refer to?

A term used for temporary or freelance workers performing work Signup and view all the answers