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2 years ago

The roles and responsibilities of hrm professionals have evolved primarily because?

1 answer:

6 0

Human resource management tasks and responsibilities have developed largely as a result of two important factors: (1) firms' identification of workers as their ultimate resource and (2) changes in legislation that overturned many conventional practices.

Human resource management is mostly the practice of recruiting, hiring, the deployment, and managing personnel in a business. HRM is frequently abbreviated as "human resources" (HR).

HRM has changed dramatically over the previous two decades, making it an even more vital position in today's enterprises. HRM used to involve processing payroll, sending birthday presents to staff, organizing corporate trips, and ensuring forms were completely filled out, in other words, more of an administrative duty than a strategic position critical to the organization's success.

Therefore, human resource management duties and responsibilities have primarily evolved as a result of two key factors: (1) enterprises' identification of workers as their ultimate resource and (2) legislative developments that have reversed many traditional practices.

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3 years ago

PLZZZ HELP, i have limited time and i will give brainliest.

Schach [20]

Answer:

Q1. Selena will have earned $ 25.00 in interest by the end of the year.

Since interest paid is 5% in simple interest, we can calculate that by using the formula:

$SI = (P)(r)(t)$

$SI = (500)(0.05)(1) = 25$

Q2. The balance in Suki's account at the end of two years will be $866.2854.

This means that she will have earned $66.2854 in interest.

Since interest is compounded quarterly, Suki will receive interest for 8 periods. The formula for compound interest with more than one interest period per year is:

$\mathbf{A = (P)*(1+(\frac{i}{m})^{n*m}}$

where

A is the amount at the end of the period

P is the principal

i is interest rate per annum

m is number of compounding periods in a year

n is number of years

Substituting the values in the formula above we get,

$A = (800)*(1+(\frac{0.04}{4})^{2*4}$

$A = (800)*(1.01)^{8}$

$\mathbf{A = 866.2853645}$

Now, we calculate the interest earned by doing \mathbf{CI = A -P}.

$\mathbf{CI = 866.2854- 800 = 66.2854}$

Q3. It will take 18 years for the money to double to $100.

Since we need to use the rule of 72, we'll divide 72 by the interest rate to determine the number of years needed to double the investment's value.

So, the number of years is $\frac{72}{4} =18$ .

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2 years ago

What does Strategic HR(Human Resource) mean? Explain in your own words.

UNO [17]

Planning for the goals and future of an organization

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3 years ago

How is the value of a product determined?

svetoff [14.1K]

Answer:

One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.

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3 years ago

On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum

-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

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2 years ago