1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
3 years ago
9

An insurance company assesses all employees' current job skills and creates road maps for them outlining the competencies they n

eed to advance within the company. The company then makes sure they get the training they need, including coaching and mentoring, classroom training. This is an example of ________.
Business
2 answers:
Ymorist [56]3 years ago
8 0

Answer:

Succession management

Explanation:

The insurance company then makes sure its employees get the training they need, including coaching and mentoring, classroom training to advance within the company. This is an example of SUCCESSION MANAGEMENT.

Succession management is the continuous process of training employees to meet the objectives of the organization. It is used to prepare employees and Improve their competency to succeed in the organzation.

Succession management involves process of developing individuals in the organzation with the potential to advance in their skills. It ensures that workers are well equipped with the skills they need to move the organzation forward.

Succession management planning is the evaluation of the skills of workers in the organzation. It encourages staff development and encourages employees to remain in the organzation.

Zepler [3.9K]3 years ago
6 0

Answer:

Succession management

Explanation:

Succession management can be described as a process of identifying and training new individuals that will take on the role of new leaders. This is done inorder to replace the old leaders in the organisation when they eventually leave the company or retire.

Succession management is very essential because it helps to identify individuals that possess the right skills, experience and capabilities that is needed to move the organization to a higher level.

Succession management is very vital to ensure the continued success of the organization.

You might be interested in
Why are junk bonds more popular during a bear market?
Dominik [7]
Many times junk bonds are a high risk bond, but are also a high return. They are more popular during a bear market for this reason only. Sine they have a high return it compensates for the high risk. The junk bonds can also help a persons personal portfolio. Junk bonds also issues with a 10 year term or less. A bear market is when there is a steady drop or stagnation in the market over a period of time. 
6 0
3 years ago
Read 2 more answers
3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y
saw5 [17]

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

3 0
2 years ago
A highly ethical organization must have all the following elements except Multiple Choice corporate credos. role models. payment
givi [52]

Answer:

The correct answer is letter "C": payment plans.

Explanation:

<em>Highly ethical organizations</em> are those with a well-established <em>Code of Ethics </em>that comprises its <em>corporate credos and values.</em> Within a company, the idea of having "<em>heroes</em>" also helps to spread good practices since they are taken as <em>role models </em>so other employees tend to follow their example. Managers must be aware of the ethical behavior of employees to correct or eliminate any existing threat.

Thus, <em>having different payment plans are not considered in the setting of a corporation's Code of Ethics. </em>

7 0
2 years ago
What is the last step of planing?​
Andrej [43]

Answer:

The last step in planning process is the implementation part. The planning should be put into action so that business objectives may be achieved. The implementation will require establishment of policies, procedures, standards and budgets.

7 0
2 years ago
If there is a shortage in a rental market, what is expected? A. Rental prices to stay the same. B. Rental prices to be increasin
erastovalidia [21]

Answer:

Rental prices to be increasing until shortage is eliminated

Explanation:

If there is a shortage in the rental market, it means that quantity supply has reduced. This would lead to an excess of demand over supply which is known as a shortage. When there's a shortage, prices rise until the shortage ceases.

5 0
3 years ago
Other questions:
  • Bunny Bread Company manufactures different types of bread and accounts for its production using an ABC costing system. It has a
    12·1 answer
  • Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expe
    11·1 answer
  • An ineffective market is one in which prices do not reflect all available information, so forward exchange rates will not be the
    5·1 answer
  • Mobile Device Company (MDC) discovers that defamatory statements about its policies and products are being posted in an online f
    5·1 answer
  • A manager striving to improve organizational ___________ is accomplishing tasks that help achieve organizational objectives. a.
    15·1 answer
  • The difference between a job shadow and an internship is what?
    11·2 answers
  • The local Kennel Club is a not-for-profit organization with gross receipts of $23,500 for the current tax year. Under the Intern
    5·1 answer
  • If the average wage paid to the worker was $20 in the year 1990 and $30 in the year 2000, then the average worker in the year 20
    12·1 answer
  • The business judgment rule protects corporate officers and directors when: _________
    10·1 answer
  • The share of deposits that banks must have in reserves is the . The interest rate banks charge each other for very short-term lo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!