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erastova [34]
3 years ago
11

Discuss why it is important for human resource management systems to be in sync with an organization’s strategy and goals and wi

th each other.
Business
1 answer:
Ann [662]3 years ago
3 0

Answer:

As in all segments of business (marketing, finance, R&D, logistics), it is crucial to adopt the normative information systems in HR.

First of all, HRM systems were created to make HRM easier in general. After the implementation of HRMS, it took HR managers less time to do the usual HR work: payrolls, absence, general administration, hiring management...

Above all, the key takeaway after the implementation of HRMS is the new functionality of generating important reports used for improved analytics. This way, businesses can closely monitor the tendencies and behavior patterns in HR, such as fluctuation rate, absence rate, number of new employees, financial HR ratios...

These metrics are crucial when having an organization strategy that has a conceptual relation to HR. Nowadays, most strategies are related to attracting specific talent pools that are the critical resource for the organization's long-term productivity. On the other hand, key productivity indicators are tightly related to employee satisfaction. All of the named concepts can be easily tracked with HRMS, given that the KPI's analyzed in the system are relevant to the company's strategy.

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Define the market segment and target market
vitfil [10]

The term market segment refers to people who are grouped together for marketing purposes. 

Target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.

8 0
2 years ago
If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to
SCORPION-xisa [38]

Answer:

a. increase over time, reaching par value at maturity

Explanation:

If current yield is more than coupon rate, it means that the bond price is less than par value, as time to maturity decreases bond value amortizes to par value. Thus, If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to <u>increase over time, reaching par value at maturity.</u>

7 0
3 years ago
Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information
bulgar [2K]

Answer: $18,700

Explanation

Net cash provided by the operating activities = $108,000

Add: Net cash provided by the financing activities = $16,000

Less : The net cash used for the investing activities = $118,500

The net increase in Cash will now.be:

= ($108,00 + $16,000) - $118,500

= $5,500

Add: Cash at the beginning of the year. This will be:

= $5500 + $13,200

= $18,700

Ending cash balance will be $18700

8 0
3 years ago
Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e
Eddi Din [679]

Answer:

Testerman Construction Co.

Internal rate of return method in analyzing capital expenditure:

Present value of expenditure = $149,630

Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)

NPV = $0 (PV of cash outflow - PV of cash inflow)

Therefore, the IRR = 20%

Explanation:

a) Data and Calculations:

Investment cost = $149,630

Annual net cash flows = $45,000

Investment period = 6 years

Annuity of future cash flows = 3.3251

b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project.  This IRR helps the managers to determine the projects that add value and are worth undertaking.  IRR is based on assumptions.  Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used  to generate the returns, and the assumption of a constant reinvestment may which IRR makes.

7 0
3 years ago
Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption
Veronika [31]

The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%

Therefore, there is an increase in water price by 40%.

Learn more about the price elasticity of demand here:

brainly.com/question/15010897

#SPJ1

6 0
2 years ago
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