Information That Is Generated from the HRIS Helps Managers and HR

question 61

True/False

Information that is generated from the HRIS helps managers and HR leverage employees' capabilities and skills and to design opportunities for development.

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Definitions:

Income Effect

The change in consumers' purchasing power and consequently the quantity demanded of a good or service, prompted by a change in real income.

Opportunity Cost

Missing the chance to profit from several alternative options by deciding on one.

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate employees in many occupations.

Marginal Utility

The augmented enjoyment or usefulness that comes from the consumption of an additional unit of a product or service.