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The five key functions of human resource planning are workforce forecasting, talent acquisition, training and development, performance management, and succession planning. Workforce forecasting involves predicting future staffing needs based on organizational goals and market trends. Talent acquisition focuses on attracting and hiring the right candidates to fill those needs. Training and development ensure that employees have the necessary skills, while performance management assesses and enhances employee effectiveness. Finally, succession planning prepares for future leadership needs by identifying and developing potential leaders within the organization.

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