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Hrhelpboard15

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Contracts and letters are vital in business communication and agreements. A contract is a legally binding document outlining terms, conditions, rights, and obligations between parties. Letters, such as offer letters, appointment letters, and termination letters, formalize employment-related communications. They provide essential details like job role, salary, start date, and conditions of employment or separation. Both contracts and letters ensure transparent, professional, and compliant interactions in business and HR processes.
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A balanced scorecard is a strategic management tool that provides a comprehensive view of an organization's performance by measuring key areas beyond financial outcomes. It incorporates four perspectives: Financial, Customer, Internal Business Processes, and Learning and Growth. This approach helps organizations align activities with their vision and strategy, improve internal and external communications, and monitor performance against strategic goals. By balancing these perspectives, the scorecard ensures a holistic assessment, driving sustainable success and continuous improvement.