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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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A $200,000 loan amortized over 13 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove
kvasek [131]

Answer:

Loan amount = $184,193.95

Explanation:

Interest will remain same each year. Interest per year = 200,000*10% = $20,000

Installment                   $21,215.85

Less: Interest               <u>$20,000</u>

Payment to Principal <u>$1,215.85</u>

Total principal repaid in 13 years = $1,215.85 * 13 years = $15,806.05

So, the principal left = $200,000 - $15,806.05 = $184,193.95

3 0
3 years ago
Bakeries and coffee bistros that offer pumpkin-flavored items only during the autumn season target their consumers primarily thr
kykrilka [37]
The appropriate response is Occasion Segmentation. Occasion segmentation is partitioning the market into bunches on the premise of the distinctive events when the purchasers. plan to purchase the item or really purchase the item or utilize the item. A few items are seen to be adept for a specific time of day or occasion.
5 0
3 years ago
Frozen Delight, Inc. charges an initial franchise fee of $79,300 for the right to operate as a franchisee of Frozen Delight. Of
telo118 [61]

Answer:

Check attached file

Explanation:

6 0
3 years ago
Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $220
e-lub [12.9K]

Answer:

12%

Explanation:

Annual net income:

= Increase in annual revenue - Increase in annual costs

= $220,000 - $160,000

= $60,000

Average investment:

= (Initial investment + Salvage value at the end) ÷ 2

= (980,000 + 20,000) ÷ 2

= $500,000

Annual rate of return:

= (Annual net income ÷ Average investment) × 100

= ($60,000 ÷ $500,000) × 100

= 12%

5 0
3 years ago
At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

= $42000

Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
Read 2 more answers
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