Sphr2024 phr Study guides, Class notes & Summaries

Replacement Cost - The amount it would cost to replace an asset at current prices. It would include recruiting, hiring and training a totally new work force. Outlay Cost - Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - The measure of how well assets are being used to produce revenue. Self Nomination - If a company wants to promote employees to higher level positions from within , the best method of recruitment is ...