When Implementing an HRIS Several Factors Need to Be Considered

question 18

Multiple Choice

When implementing an HRIS several factors need to be considered as they will impact on the type of system that is installed.These factors include:

• A) who will provide the required employee training and selection activities
• B) how data entry errors will be controlled and fixed
• C) how differential access to and use of technology will be managed
• D) all of the above

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Definitions:

Rate of Inflation

The measure of the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Net Present Value

The present value of cash flows minus the present value of cash outlays, used in capital budgeting to assess the profitability of an investment or project.

Discount Rate

Rate used to determine the value today of a dollar received in the future.

Capital Costs

The fixed, one-time expenses incurred on the purchase of land, buildings, construction, and equipment used in the production of goods or services.