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Explain Crucial and value-adding knowledge
The decision to invest in knowledge depends upon knowing what knowledge is relevant and crucial to the organisation and what knowledge adds value. Crucial knowledge includes the ever-changing dynamic knowledge necessary to operate within the industry at an acceptable level. It may be obtained through consultation with experts, their tacit knowledge that manifests as problem-solving behaviour. The continued availability, development, and retaining of experts in the organisation with such problem-solving proneness and capability is an important aspect of human resources management.
Question: (a) "Current pressures to control labour costs and protect tighter profit margins demands an increasing rather than decreasing emphasis on human resource planning"
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sample training design on Values and ethics in Human Resource Management
Describe key principles/issues that you identify from this topic area; Identify criticisms of this principles/issues; Discuss the principles/issues implications for and application
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Job evaluation: job analysis helps in the finding the relative worth of a job, based on certain criteria such as degree of difficulty, type of the work done, skills and knowledge
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