Thanks for raising up this matter as it is the 1st time I have heard of this. My understanding of this is as follows which I hope is correct - Human Resource most basic function is -
R - recruitment, all functions which involves in recruiting an employee from advertising, interviewing to selecting the right candidate then;
I - induction which is the orientation process for a new employee where he/she is introduced to the Company and its procedures and policies as well as the Company's culture, then;
C - confirmation which is after a probational period the new employee goes thru to show that they are the right person for the job and they hopefully continues working for years until;
E - exit is when they resign and HR has to do the exit interview & exit process for the staff leaving the company.
This is then the cycle which goes on for all employees of a company.
R - recruitment, all functions which involves in recruiting an employee from advertising, interviewing to selecting the right candidate then;
I - induction which is the orientation process for a new employee where he/she is introduced to the Company and its procedures and policies as well as the Company's culture, then;
C - confirmation which is after a probational period the new employee goes thru to show that they are the right person for the job and they hopefully continues working for years until;
E - exit is when they resign and HR has to do the exit interview & exit process for the staff leaving the company.
This is then the cycle which goes on for all employees of a company.