Describe How an HRIS System Can Support the Key Functions

question 22

Essay

Describe how an HRIS system can support the key functions of legal compliance, forecasting and planning HR requirements, talent management/knowledge management, and strategic alignment.Provide specific examples how an HRIS supports each key function.

---

Definitions:

Marketing Costs

Expenses related to promoting and selling a product or service, including advertising, market research, and distribution.

Unit Sales Price

The cost at which individual units of a product are sold to consumers or retailers.

Average Revenue

Average revenue is the amount of money that a company receives per unit of goods or services sold, calculated by dividing total revenue by the number of units sold.

Percentage of Sales Budgeting

A method of budgeting marketing expenditures based on a fixed percentage of past or forecasted sales.