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Scenario 4-1
You have recently been hired as the HRM for Scribe Engineering, a Canadian software development company. Scribe's product is information systems. The company's environment is competitive and constantly changing. There continues to be an increased demand for customized computer systems that improve the flow of information in a wide range of small Canadian businesses. Due to Scribe's growth in sales, the company is anticipating requiring an increase from 150 to 200 employees. The company requires highly skilled software designers, computer programmers, sales professionals, and support staff. The majority of employees, from younger technical support staff to senior management, stated that work-life balance is important to them and that they want more flexibility in how and when their work gets done. Job demands are changing constantly because of the dynamic environment. There are concerns of sex, age, and family status discrimination with the office administration employees. The CEO stated that Scribe has a few outdated job advertisements, but that the company has never had time to write job descriptions. Managers have expressed concerns that job descriptions are of limited value because positions need to adapt to the high speed of change and that they limit their flexibility in supervising employees' tasks.
-Refer to Scenario 4-1. The administrative assistant job description states "the ability to use Excel and Word level II with a proficiency of 90%." What is this an example of?
Compound Interest
Interest computed not only on the original amount invested or loaned but also on the interest that has been added to this principal over past periods.
Simple Interest
Interest computed solely on the initial sum, without accumulation through compounding.
Income Earned
Revenue generated from a person's job, investments, or business operations, excluding capital gains or gifts.
Annual Salary
The total amount of money earned by an employee in one year before taxes and deductions.
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