The Costs of the Human Resources Department of an Organisation

question 16

True/False

The costs of the human resources department of an organisation are allocated to other departments at the rate of $150 per employee in the department. If Department A has 38 employees and Department B has 90 the human resource costs allocated to Department B will be $13,500.

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Definitions:

Minimum Wage

The lowest legally allowed payment that an employee can be paid for their labor.

Economists

Experts in economics who analyze and interpret economic trends, data, and policies to understand and predict financial and market behaviors.

Minimum Wage

The lowest legal hourly rate that workers can be paid by their employers, set to ensure a minimum standard of living for workers.

Skill

The ability to perform tasks and solve problems due to knowledge, practice, aptitude, and experience.