Many Companies Use Independent, Internet-Based Service Providers to Handle Their

question 42

Multiple Choice

Many companies use independent, internet-based service providers to handle their payroll processing.These payroll providers specialize in offering solutions and constant access to payroll information.

• A)Online Software Systems
• B)Batch Processing
• C)Electronic Timekeeping
• D)Outsourcing of Payroll Services

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Definitions:

Human Resource Planning

The process through which companies ensure they have the right number and kind of people, in the right places, at the right times, capable of effectively and efficiently completing tasks that help the organization achieve its overall strategic objectives.

Big Data

Vast datasets that, when analyzed with computational tools, can disclose various patterns, trends, and links, mainly concerning human behavior and interactions.

Five Pillars

A term often used in various contexts to describe the fundamental principles or components upon which a system, theory, or organization is built or stands.

Extract Value

The process of deriving the maximum possible benefit or usefulness out of resources, assets, or situations.