Exam (elaborations)
HCAD 710 EXAM 4 Questions and Answers
- Course
- Institution
HCAD 710 EXAM 4 Questions and Answers
[Show more]
Content preview
HCAD 710 EXAM 4succession planning - Answer-preparing single, designated successor
career planning - Answer-preparing several candidates for single position
All - Answer-All/Some companies should partake in succession planning
CEO & management - Answer-positions that use succession planning
1) set succession plan development in motion & direct governing body/board until plan operational
2) provides input on CEO selection - Answer-roles of CEO for succession planning
1) works with CEO, but has final accountability
2) actually selects new CEO - Answer-roles of board of directors for succession planning
internal hires - Answer-traditionally done by for-profit sector selection b/c maintains financial stability
, external hires - Answer-hiring someone from outside organization; maintaining financial stability
difficult (6-12 months to regain)
lead time - Answer-begin 4-5 yrs before CEO expected to step down; begin w/in 1 yr of hiring new CEO
saves money, maintains leadership continuity - Answer-pros for lead time
loses money; takes 6-12 months for finances to regain - Answer-cons for not doing lead time
search firms = 40% annual salary - Answer-cost of recruiting
1) negligent hiring can lead to defamation
2) unemployment costs - Answer-cost 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 - Answer-manager role in soliciting candidates, interviewing, & hiring employees
best done through single HR - Answer-how best to check references
done by facts & from file; specific # - Answer-how best to share information with other employers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Zanaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
