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HCAD 710 EXAM 4 QUESTIONS & ANSWERS 2024/2025
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  • HCAD 710
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  • HCAD 710

HCAD 710 EXAM 4 QUESTIONS & ANSWERS 2024/2025 succession planning - ANSWERSpreparing single, designated successor career planning - ANSWERSpreparing several candidates for single position All - ANSWERSAll/Some companies should partake in succession planning CEO & management - ANSWERSp...

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  • October 16, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • hcad 710 exam 4 questions answers

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  • HCAD 710
  • HCAD 710

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HCAD 710 EXAM 4 QUESTIONS &
ANSWERS 2024/2025

succession planning - ANSWERSpreparing single, designated successor



career planning - ANSWERSpreparing several candidates for single position



All - ANSWERSAll/Some companies should partake in succession planning



CEO & management - ANSWERSpositions that use succession planning



1) set succession plan development in motion & direct governing body/board until plan operational

2) provides input on CEO selection - ANSWERSroles of CEO for succession planning



1) works with CEO, but has final accountability

2) actually selects new CEO - ANSWERSroles of board of directors for succession planning



internal hires - ANSWERStraditionally done by for-profit sector selection b/c maintains financial stability



external hires - ANSWERShiring someone from outside organization; maintaining financial stability
difficult (6-12 months to regain)



lead time - ANSWERSbegin 4-5 yrs before CEO expected to step down; begin w/in 1 yr of hiring new CEO



saves money, maintains leadership continuity - ANSWERSpros for lead time



loses money; takes 6-12 months for finances to regain - ANSWERScons for not doing lead time

, search firms = 40% annual salary - ANSWERScost of recruiting



1) negligent hiring can lead to defamation

2) unemployment costs - ANSWERScost of employee turnover



1) provides HR with approved personnel req (replacement)

2) provides HR with accurate job description

-- (HR gets candidates)

3) select candidates from those provided by HR

4) interviews

-- HR offers job - ANSWERSmanager role in soliciting candidates, interviewing, & hiring employees



best done through single HR - ANSWERShow best to check references



done by facts & from file; specific # - ANSWERShow best to share information with other employers



strictly from file; specific # instances; centrally addressed (same person/dept) - ANSWERShow best to
record request



interview best prospects; 2-5 applicants; person primarily/directly supervise serve as primary
interviewer & make hiring choice - ANSWERShow best to conduct interview



print & media advertising

networking

job fairs

recruiting trips

search firms - ANSWERSrecruiting in high employment



(sellers market)

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