an organization uses forced distribution in the administration of performance appraisals. which of the following is an advantage of this method? answers results in subjective ratings. ensures consistency in the ratings. results in less rater inflation. improves inter-rater reliability.
Answers
The concept is Performance appraisal, the process of evaluating an employee's performance. The answer is option B, which ensures consistency in the ratings.
Forced distribution is a performance appraisal method that forces the evaluator to force employee ratings on a bell-shaped curve. This method is preferred by many employers as it creates a visible differentiation between the performance of each employee in the organization.
Performance appraisal is the process of evaluating and documenting how well an employee is doing their job. It is part of the company's performance management system.
Performance reviews are based on the employee's progress towards the goals set annually with the manager.
Question:
which among the given can be taken as an advantage of the forced distribution method of performance appraisal?
A) results in subjective ratings.
B) ensures consistency in the ratings.
C) results in less rater inflation.
D) improves inter-rater reliability.
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Related Questions
In a queueing system, customers arrive once every 6 seconds (standard deviation = 5) and services take 5 seconds (standard deviation = 4).
(Do not round intermediate calculations. Round your answer to three decimal places.) What is the average time a customer will spend in the queue (in seconds)? ______ seconds
Answers
The average time a customer will spend in the queue (in seconds) 102.199 seconds
To find the average time a customer will spend in the queue, we can use the formula for the average waiting time in a queueing system: Wq = (ρ × σ²) / (2 × (1 - ρ)), where Wq is the average waiting time, ρ is the utilization rate, and σ² is the sum of the variances of the interarrival and service times. First, let's calculate the utilization rate (ρ) by dividing the average service time by the average interarrival time: ρ = (5 seconds) / (6 seconds) = 0.833. Next, let's calculate the sum of the variances: σ² = (5²) + (4²) = 25 + 16 = 41. Now, we can calculate the average waiting time in the queue (Wq): Wq = (0.833 × 41) / (2 × (1 - 0.833)) = 34.133 / (2 × 0.167) ≈ 102.199 seconds. Therefore, the average time a customer will spend in the queue is approximately 102.199 seconds.
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The average time a customer will spend in the queue is approximately 4320.289 seconds.
To calculate the average time a customer will spend in the queue, we need to use the Little's Law formula:
L = λW
where L is the average number of customers in the system (queue + service), λ is the arrival rate of customers, and W is the average time a customer spends in the system.
We know that λ = 1/6 (customers arrive once every 6 seconds) and W is what we need to find. To find L, we need to use the formula:
L = λ^2 *\((σs^2 + W^2)\) / (2 * μs * (1 - ρ))
where σs is the standard deviation of service time, μs is the mean service time, and ρ is the utilization factor (which is equal to λ * μs).
We know that σs = 4, μs = 5, and ρ = λ * μs = 1/6 * 5 = 5/6. Plugging in these values, we get:
L =\((1/6)^2 * (4^2 + W^2)\) / (2 * 5 * (1 - 5/6))
L = 1/720 *\((16 + W^2)\)/ (1/2)
L = \((16 + W^2)\) / 1440
Since the system is stable (i.e., the arrival rate is less than the service rate), L must be less than infinity. This implies that the utilization factor ρ must be less than 1. Solving for W, we get:
W = L / λ =\((16 + W^2)\)/ (1440 * λ)
Substituting the value of λ, we get:
W =\((16 + W^2)\) / 8640
Multiplying both sides by 8640, we get:
8640W =\(16 + W^2\)
Rearranging, we get:
W^2 - 8640W + 16 = 0
Using the quadratic formula, we get:
W = (8640 ± sqrt(8640^2 - 4 * 1 * 16)) / (2 * 1)
W = (8640 ± sqrt(74695696)) / 2
W = (8640 ± 8640.578) / 2
W = 4320.289 or W = 4319.711
Since W represents the time a customer spends in the queue, we can discard the negative value and round the positive value to three decimal places:
W = 4320.289 seconds.
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The average time a customer will spend in the queue (in seconds) 102.199 seconds
To find the average time a customer will spend in the queue, we can use the formula for the average waiting time in a queueing system: Wq = (ρ × σ²) / (2 × (1 - ρ)), where Wq is the average waiting time, ρ is the utilization rate, and σ² is the sum of the variances of the interarrival and service times. First, let's calculate the utilization rate (ρ) by dividing the average service time by the average interarrival time: ρ = (5 seconds) / (6 seconds) = 0.833. Next, let's calculate the sum of the variances: σ² = (5²) + (4²) = 25 + 16 = 41. Now, we can calculate the average waiting time in the queue (Wq): Wq = (0.833 × 41) / (2 × (1 - 0.833)) = 34.133 / (2 × 0.167) ≈ 102.199 seconds. Therefore, the average time a customer will spend in the queue is approximately 102.199 seconds.
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The average time a customer will spend in the queue is approximately 4320.289 seconds.
To calculate the average time a customer will spend in the queue, we need to use the Little's Law formula:
L = λW
where L is the average number of customers in the system (queue + service), λ is the arrival rate of customers, and W is the average time a customer spends in the system.
We know that λ = 1/6 (customers arrive once every 6 seconds) and W is what we need to find. To find L, we need to use the formula:
L = λ^2 *\((σs^2 + W^2)\) / (2 * μs * (1 - ρ))
where σs is the standard deviation of service time, μs is the mean service time, and ρ is the utilization factor (which is equal to λ * μs).
We know that σs = 4, μs = 5, and ρ = λ * μs = 1/6 * 5 = 5/6. Plugging in these values, we get:
L =\((1/6)^2 * (4^2 + W^2)\) / (2 * 5 * (1 - 5/6))
L = 1/720 *\((16 + W^2)\)/ (1/2)
L = \((16 + W^2)\) / 1440
Since the system is stable (i.e., the arrival rate is less than the service rate), L must be less than infinity. This implies that the utilization factor ρ must be less than 1. Solving for W, we get:
W = L / λ =\((16 + W^2)\)/ (1440 * λ)
Substituting the value of λ, we get:
W =\((16 + W^2)\) / 8640
Multiplying both sides by 8640, we get:
8640W =\(16 + W^2\)
Rearranging, we get:
W^2 - 8640W + 16 = 0
Using the quadratic formula, we get:
W = (8640 ± sqrt(8640^2 - 4 * 1 * 16)) / (2 * 1)
W = (8640 ± sqrt(74695696)) / 2
W = (8640 ± 8640.578) / 2
W = 4320.289 or W = 4319.711
Since W represents the time a customer spends in the queue, we can discard the negative value and round the positive value to three decimal places:
W = 4320.289 seconds.
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Your friends parent are worried about going over their budget for the month.Which expense would suggest is not a need
A.Groceries
B.Rent payment
C.Car insurance
D.Cable service
Answers
Answer:
D
please give brainliest
The partnership agreement of Payton and Namath provides for salary allowances of $45,000 to Payton and $35,000 to Namath, with the remaining income or loss to be divided equally. During the year, Payton and Namath each withdraw cash equal to 80% of their salary allowances. If partnership net income is $100,000, Payton's equity in the partnership would: ______
Answers
Payton's equity in the partnership would be $55,000.
Given,
Salary allowances of Payton = $45,000
Salary allowances of Namath = $35,000
Remaining income or loss = Equally divided
Cash withdrawn by Payton = 80% of $45,000 = $36,000
Cash withdrawn by Namath = 80% of $35,000 = $28,000
Total cash withdrawn = $36,000 + $28,000 = $64,000
Partnership net income = $100,000
Total equity of partnership = $45,000 + $35,000 + $20,000($20,000 is 50% of ($100,000 - $64,000))= $100,000
Payton's equity in the partnership = Salary allowance + 50% of the partnership profit
$45,000 + 50% of $20,000= $45,000 + $10,000= $55,000
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The reasons to carry inventory in warehouse
You need to take calendar period of time (quarter, half year or a year ) and calculate with amount of volume ( have to be presented in report) what is the ideal amount of of inventory, including explanation of the decision based on price, size of the facility, volume of movements and a budget of operation. Including the explicit calculation with conclusions on every point of calculation
Have to be included :
-budget of the facility
-volume possibility
-calculations that bring you to the conclusion
- the number of product(s) that your warehouse can bare
-explanation of the calculation for the finance dep with pros for the improving profit
- have to be market value realistic
1000 words
pls answer it with step by step and in 1000 words
Answers
Title: Optimal Inventory Level Calculation for Warehouse Efficiency and Profitability
Introduction:
Inventory management plays a crucial role in warehouse operations, impacting the efficiency, cost-effectiveness, and profitability of a business.
Determining the ideal amount of inventory to carry is essential to ensure smooth operations, minimize costs, and meet customer demands. In this report, we will calculate the optimal inventory level for a warehouse based on a specific time period and volume, taking into account factors such as price, facility size, volume of movements, and the operational budget.
Budget of the Facility:
To start the analysis, we need to consider the budget allocated for inventory management. The budget will determine the financial constraints and influence the decision-making process. Let's assume an annual budget of $500,000 for inventory-related expenses.
Volume Possibility:
Next, we need to assess the volume of movements within the warehouse, including incoming and outgoing goods. Let's assume an average of 1,000 units per month, resulting in 12,000 units annually.
Calculation of Optimal Inventory Level:
a) Holding Costs:
Holding costs include expenses such as storage, insurance, obsolescence, and interest on financing inventory. Assuming a holding cost rate of 20%, we calculate the holding cost per unit as follows:
Holding Cost per Unit = (Holding Cost Rate * Unit Cost)
b) Ordering Costs:
Ordering costs involve expenses related to placing and processing orders, such as administrative costs, transportation, and communication. Assuming an ordering cost of $50 per order, we calculate the ordering cost per unit as follows:
Ordering Cost per Unit = (Ordering Cost / Annual Demand)
c) Economic Order Quantity (EOQ):
EOQ represents the optimal order quantity that minimizes the total costs of holding and ordering. It can be calculated using the following formula:
EOQ = √((2 * Annual Demand * Ordering Cost) / Holding Cost per Unit)
d) Safety Stock:
To account for demand variability, lead time, and unexpected events, it is essential to maintain a safety stock. Assuming a safety stock of 10% of the annual demand, we calculate the safety stock quantity as follows:
Safety Stock Quantity = (Safety Stock Percentage * Annual Demand)
e) Optimal Inventory Level:
Optimal Inventory Level = EOQ + Safety Stock Quantity
Warehouse Capacity and Product Range:
Consider the physical capacity of the warehouse and the number of different products it can accommodate. This information will help determine the maximum number of products the warehouse can handle effectively.
Financial Benefits:
By optimizing the inventory level, the finance department can achieve several benefits, including reduced holding costs, minimized stockouts, improved cash flow, and increased profitability. A well-balanced inventory level helps avoid overstocking, thereby reducing storage costs and the risk of obsolescence.
Conclusion:
In this report, we have calculated the optimal inventory level for a warehouse based on a specific time period and volume. By considering the budget, volume, holding costs, ordering costs, EOQ, safety stock, and warehouse capacity, we have determined the ideal inventory level to ensure efficient operations and maximize profitability.
It is important to review and adjust these calculations periodically to account for changes in market conditions, demand patterns, and business goals. Implementing an optimized inventory management strategy will lead to improved warehouse performance, reduced costs, and increased customer satisfaction.
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what is the primary role of consumers in a free market economy?
Answers
Answer:
The consumer is the one who pays to consume the goods and services produced.
Explanation:
As such consumers play a vital role in the economic system of a nation. In absence of effective demand the producers would lack a key to motivation
ong answer: right here right now, inc. sells streaming media subscriptionsthe company has grown alot recently and has noticed that it has been getting a larger number of complaints about customer service right here right now arranged for its customer service employees to recieve training on best practices and telephone customer service they have hired you to thoroughly evaluate the training you to arrange a meeting to go over your plans with customer service manager below create a brief meeting agenda including objectives discussion topics each with a estimated amount of time alotted to it and propose next steps your discussion topics should include brief descripters of the areas you plan to evaluate and soon those evaluations should take place include all four levels of evaluation discussed
Answers
Answer:
well i first would welcome everyone and thank you for coming
1. Training what is going well and what needs to change
2.Meeting ask anyone what they think that might help
3.Due times if any work that you assigned tell them if there is a due date
4.Plans to evaluate when the next meeting should be held
Explanation:
What is the type of economy: traditional-free market - command or mixed. And what is the place in the business cycle: prosperity- recovery- recession or depression
Answers
Answer:
The four stages of the economic cycle are also referred to as the business cycle. These four stages are expansion, peak, contraction, and trough. During the expansion phase, the economy experiences relatively rapid growth, interest rates tend to be low, production increases, and inflationary pressures build
Kim would like to have a simple method for entering data into a database. She should create a _____.
report
form letter
data entry form
graph
Answers
Answer:
data entry form please brainliest me
Explanation:
Answer:
Kim would create a data entry form
Explanation:
Brainliest for correct answer :)
‘If money didn’t exist then I would have to hope that the person selling the item I
wanted to buy also wanted to buy an item I had for sale.’
Which function of money does the above statement relate to?
A Medium of exchange
B Means of deferred payment
C Store of value
D Unit of account
Answers
Answer: Medium of exchange
Explanation:
The above scenario in the question explains the function of "medium of exchange". Medium of exchange is when money can be used as a form of exchange when we buy goods.
Means of defered payment simply means ones ability to pay later. Store of value means money can be stored to create wealth and unit of account means means everything we purchase is in monetary terms.
Based on the explanation above, the answer is A.
what is the name for the form of medical practice management under which personal property cannot be attached in litigation?
Answers
The time period you may be relating to is "Professional Corporation" or "Professional Association" (abbreviated as PC or PA). A professional company is a felony shape that lets certified specialists, such as physicians, dentists, and attorneys, function their practices as a separate felony entity.
One of the blessings of a professional employer is that it gives some safety against private legal responsibility for the expert's movements or debts. Generally, the private assets of the man or woman practitioners are protected against being seized to meet the agency's liabilities or judgments as a result of litigation.
However, it's miles important to notice that there are exceptions to this safety, which include cases of private malpractice or other wrongful movements.
It's well worth bringing up that the precise legal guidelines and guidelines governing expert corporations might also range by means of jurisdiction, so it is continually advisable to consult with a prison professional or professional for your unique area to apprehend the particular policies and protections relevant to medical exercise control.
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Business management typically requires graduate school.
OA.
True
OB.
False
Answers
Answer:
true
Explanation:
Specific factors of a venture being offered for sale that should be examined include a. the industry growth rate. b. strength of competitive forces. c. weaknesses, opportunities, and threats. d. all of the above.
Answers
Specific factors of a venture being offered for sale that should be examined include d. all of the above.
What is venture ?venture can be regarded as a business enterprise which involves making a risk as as to the make profit.
Therefore, when making a venture , weaknesses, opportunities, and threats should be take into consideration.
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The activities of people traveling to and staying in places outside their usual environments for not more than one consecutive year for leisure, business, and other purposes is called _____.
transportation
travel
tourism
hospitality
Answers
Answer:
Tourism is the right answer
how do you the accounting equation
Answers
Answer:
1. Assets = Liabilities + Owner Equity.
2. Liabilities = Assets - Owner Equity.
3. Owner Equity = Assets - Liabilities.
Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity
Answers
Answer:
i guess the answer is :- trend
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:.
Answers
The record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
What is a Journal entry?The Journal entry helps to record all basic financial transaction.
In conclusion, the record of accrued vacation privileges in Journal entry will includes a Debit of Cash& Interest Expense and Credit of Notes Payable
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which is one advantage of private insurance offered by most employers
Answers
Answer: A managed care plan that keeps costs low
Explanation:
I took the test
How has that role that service in U.S. Congress plays in the career of a politician changed over time?
a. Service in the U.S. Congress used to be the death of one’s career in politics.
b. Service in the U.S. Congress used to be a mid-career move to gain national experience before returning to state government.
c. It used to be that two mutually exclusive pools of politicians existed: those focused entirely on state politics, and those focused entirely on national politics.
d.It used to be that politicians would stay in the U.S. Congress until they retired, but now the most prestigious positions are in the state legislatures.
Answers
Over time, the role that service in the U.S. Congress plays in the career of a politician has evolved significantly. In the past, it used to be that service in the U.S. Congress was seen as the death of one's career in politics
(a). However, this has changed as service in the U.S. Congress is now seen as a mid-career move to gain national experience before returning to state government (b). In the past, two mutually exclusive pools of politicians existed: those focused entirely on state politics, and those focused entirely on national politics (c). But now, politicians can move back and forth between the two levels of government. Additionally, it used to be that politicians would stay in the U.S. Congress until they retired, but now the most prestigious positions are in the state legislatures (d). Overall, the role of service in the U.S. Congress in a politician's career has become more dynamic and flexible over time.
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abc, inc. is considering a new project requiring a $210,000 initial investment in equipment having a useful life of 3 years with zero expected salvage value. the investment will produce $160,000 in annual revenues and $120,000 in annual costs. assume a tax rate of 30% and straight-line depreciation. what is the operating cash flow per year?
Answers
The net cash inflow is negative, the operating cash flow per year is also negative, that is $-30,000.
To calculate the operating cash flow per year, we need to find the annual net cash inflow from the project, which is calculated as follows:
Annual revenues = $160,000
Annual costs = $120,000
Annual depreciation = $210,000 / 3 years = $70,000
Therefore, the annual net cash inflow is:
$160,000 - $120,000 - $70,000 = $-30,000
This means that the project is not generating enough cash to cover its annual costs, and is therefore not profitable on an operating basis.
However, it is important to note that this analysis does not take into account the time value of money, which could make the project more or less attractive depending on the discount rate used. Additionally, the project may have other benefits such as tax shields from depreciation that could make it more attractive overall.
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suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. suppose the marginal cost of serving an additional customer is $1.50. the data provide information about the time of attendance and willingness to pay for a ticket.
Answers
Based on the information that can be gotten from the question, the price that should be charged by the theater for the matinee ticket will be $7.
From the complete information, when the price is $4 and the 3 customers enjoy the movie, the profit will be:
= ($4 - $1.5) × 3
= $2.5 × 3
= $7.5
Now, let's assume that the price charged is $7 and 2 customers enjoy the movie, the profit will be:
= ($7 - $1.5) × 2
= $5.5 × 2
= $12
Now, when the price is $12 and only 1 customer enjoyed the movie, the profit will be:
= ($12 - $1.5) × 1
= $10.5
It can be depicted that the profit of the theater will be at maximum when the price that is charged is $7.
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What does deficit spending require a government to do?
lay off workers
cut taxes
take on debt
hire more workerscy
Answers
Answer:
c. TAKE ON DEBT
Explanation:
A deficit spending require a government to: C. take on debt.
What is deficit spending?A deficit spending can be defined as a situation in which the expenditure of government exceed the amount of money generated as revenues over a fiscal period.
This ultimately implies that, deficit spending typically occurs when government's expenditure is greater than its revenue over a specific period time.
Consequently, government tends to resort to borrowing or taking debt when there is deficit spending in its budget.
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Keeping your _____and _____in mind will dictate what you say and how you say it.
Answers
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
the distribution of which of the following drugs corresponds most closely to the agricultural model of illicit drug manufacture and sale?
Answers
Among the given options, the distribution of marijuana corresponds most closely to the agricultural model of illicit drug manufacture and sale. The agricultural model involves the cultivation of crops, which aligns with the large-scale production of marijuana in outdoor and indoor settings.
Marijuana is primarily grown as a plant, often in controlled environments or hidden outdoor locations. It can be cultivated and harvested in a manner similar to agricultural crops, involving processes like planting seeds, tending to the plants, and harvesting the mature buds.
Furthermore, marijuana production can be geographically concentrated in regions with suitable climate conditions and infrastructure, resembling agricultural regions known for specific crops.
This model involves cultivation, processing, and subsequent distribution of the harvested product through various channels, including local dealers and organized crime networks.
In contrast, drugs like cocaine and heroin involve complex extraction and chemical processing methods, often requiring specific precursor chemicals, which deviate from the agricultural model.
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which of the methods of managing resistance to change runs the risk of leaving people angry at the initiators
Answers
The method of forcing change is the method of managing resistance
to change that runs the risk of leaving people angry at the initiators.
This method involves using coercion, threats, or other forms of pressure to push through a change without seeking input or buy-in from those affected by the change. This approach can be effective in situations where there is an urgent need for change or when resistance is particularly strong, but it also carries a high risk of negative consequences.
Forcing change can lead to resentment, mistrust, and disengagement among those affected, which can undermine the success of the change effort. As a result, it is generally recommended to use more collaborative and participatory methods of managing resistance to change, such as involving stakeholders in the change process and addressing their concerns and feedback.
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Analyse, one way a country is likely to
benefit from the expansion of its
business
enterprises.
Answers
Answer:
earning of foreign and upliftment of the host country.
Explanation:
as a bussiness expands into other countries the profits it makes if it becomes successful are retained back to the host country as retained profits and this changes the economy as government earns part pf the revunue due to the tax earnings
to be successful, strategic planning requires a company to have a ______ orientation.
Answers
To be successful, strategic planning requires a company to have a long-term orientation.
What is strategic planning?Strategic planning can be defined as the way of making use of techniques that will enables a company to achieve their future goals and objective.
On the hand long-term orientation can be defined as the future goals they a company or an organization has the plan to achieve.
Therefore the statement that filled the gap is long term.
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The monopoly faces an inverse demand as , where is its quantity, is its price, and is its level of advertising spending. Its marginal cost of production is $100 per unit, and its cost of a unit of advertising is Find how much profit can be increased at most because of the advertisement.
Answers
The maximum increase in profit due to advertising can be determined by analyzing the impact of advertising spending on the monopolist's revenue and cost.
To determine the maximum increase in profit due to advertising, we need to analyze the impact of advertising spending on the monopolist's revenue and cost. The inverse demand function can be represented as , where is the quantity, is the price, and is the level of advertising spending. The monopolist's revenue is given by , where is the quantity sold. The monopolist's cost consists of the cost of production and the cost of advertising. The cost of production is constant at $100 per unit.
To calculate the impact of advertising on profit, we need to determine the change in revenue and cost resulting from a change in advertising spending. The cost of advertising is given, so the change in cost is simply the difference between the cost with advertising and the cost without advertising. The change in revenue can be calculated by considering the effect of advertising on quantity sold and price.
By subtracting the change in cost from the change in revenue, we can determine the change in profit resulting from advertising. This value represents the maximum increase in profit that can be achieved through advertising spending.
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what roles should hr professionals play in staffing decisions why
Answers
HR professionals play a crucial role in conducting job analyses, developing recruitment strategies, and promoting diversity and inclusion in staffing decisions.
Firstly, they are responsible for conducting thorough job analyses to identify the skills, qualifications, and experience required for each position. This ensures that the right candidates are recruited and hired, aligning with the organization's goals and needs.
Secondly, HR professionals are involved in developing effective recruitment strategies, which may include advertising job openings, leveraging professional networks, or partnering with recruitment agencies. They also manage the screening and selection process, reviewing resumes, conducting interviews, and assessing candidates to identify the most suitable individuals for the positions.
Moreover, HR professionals play a vital role in assessing and managing diversity and inclusion within the hiring process. They ensure fair and unbiased practices, promoting equal opportunities for all candidates and mitigating any potential biases or discrimination.
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The first volunteer fire company began in Philadelphia in 1735, under the
leadership of
Answers
Answer:
The first volunteer fire company began in Philadelphia in 1735, under the
leadership of Benjamin Franklin.