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ERP Training Falls into Two Broad Categories

question 27

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ERP training falls into two broad categories. One of the categories is training on how to use the ERP application software. What does the training include?

Understand the principles of International Human Resource Management (IHRM) and its impact on organizational success.
Identify the functions of Human Resource Management (HRM) and how they support organizational strategies.
Recognize the importance of occupational health and safety in HRM practices.
Appreciate the role of diversity in achieving a competitive advantage within organizations.

Definitions:

Capital Intensity Ratio

A measure of how much capital is used in comparison to labor in the production process of a company.

Operating Capacity

The maximum output a company can produce using its current resources and assets under normal working conditions.

Total Assets

The sum of all current and long-term assets owned by a company, representing its total resources or what it owns.

Retention Ratio

The percentage of net earnings held back in the company instead of being distributed to stockholders in the form of dividends.

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