Sphr study guide - Study guides, Class notes & Summaries

Replacement Cost - ANSWER 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 - ANSWER Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - ANSWER The measure of how well assets are being used to produce revenue.

SPHR/PHR Study Guide Exam 43 Questions with Verified Answers Replacement Cost - CORRECT ANSWER 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 - CORRECT ANSWER Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - CORRECT ANSWER The measure of how well assets are being used to produce revenue. Self Nomination - C...

Needs assessment / Needs analysis methods for obtaining the information necessary to make decisions that will best accomplish an organization's goals 7 Steps of a Needs Analysis/Needs Assessment Step 1: Describe the objective Step 2: Define the current situation Step 3: Conduct a gap analysis Step 4: Set priorities Step 5: Investigate and develop options Step 6: Evaluate options and determine budget impact Step 7: Recommend solutions Contract a legally enforceable agreement between ...

Replacement Cost - Answer 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 - Answer Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - Answer The measure of how well assets are being used to produce revenue. Self Nomination - Answer If a company wants to promote employees to higher level positions from wit...

Effectiveness - measures the extent to which objectives are achieved Correlational Study - is a study that measures and correlates the relationship between several processes in an organization; cannot be used to measure a single internal process ROI, Cost Benefit Analysis, Break Even Analysis - are techniques that measures the effectiveness and efficiency of a single process Hypothesis - a tentative explanation for an observation or phenomena that can be tested through experimentation In...

SPHR/PHR Study Guide Exam 43 Questions with Verified Answers Replacement Cost - CORRECT ANSWER 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 - CORRECT ANSWER Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - CORRECT ANSWER The measure of how well assets are being used to produce revenue. Self Nomination - C...

Replacement Cost - Answer 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 - Answer Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - Answer The measure of how well assets are being used to produce revenue. Self Nomination - Answer If a company wants to promote employees to higher level positions from wit...

SPHR/PHR Study Guide Exam Review 2023 Replacement Cost - ANS-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 - ANS-Also known as explicit costs. Any concrete costs that can be identified in the past, present or future Turnover Efficiency - ANS-The measure of how well assets are being used to produce revenue. Self Nomination - ANS-If a company wants to promote employees to higher leve...

Needs assessment / Needs analysis methods for obtaining the information necessary to make decisions that will best accomplish an organization's goals 7 Steps of a Needs Analysis/Needs Assessment Step 1: Describe the objective Step 2: Define the current situation Step 3: Conduct a gap analysis Step 4: Set priorities Step 5: Investigate and develop options Step 6: Evaluate options and determine budget impact Step 7: Recommend solutions Contract a legally enforceable agreement between ...