In Their Effort to Streamline HR Processes and Increase Employee

question 118

Short Answer

In their effort to streamline HR processes and increase employee retention and productivity,companies are implementing Web-based __________ applications.

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Definitions:

Recession Phase

Part of the business cycle characterized by a decline in economic activity, marked by falling GDP and rising unemployment.

Full Employment

A situation in an economy where all available labor resources are being used in the most economically efficient way, typically characterized by low unemployment.

Cyclical Unemployment

Unemployment attributed to the cyclical trends in the economy, typically increasing during recessions and decreasing during expansions.

Recovery Phase

A stage in the economic cycle where economic activity picks up and GDP starts to rise again after a period of decline or recession.