Introduction
Human resources are the most important resources for any organization to conduct its business. Among men, money, machinery, and method, human resources are the only “alive” and responsive to situations. Any amount of money can be appropriately financed; most sophisticated machinery be bought; and the most sophisticated methods be designed. Ultimately, it is the human beings, which control this entire process and make things happen that deliver value to customers, thereby generating revenue for the organization.
A typical employee lifecycle starts with recruitment, progressing to a cyclic performance definition, monitoring and review and finally to the employee exit. Each
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