Data-Mining Tools Use a Variety of Techniques to Find Patterns

question 110

True/False

Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

---

Definitions:

Skill-Based Pay

A compensation system where employees are paid based on their skills or knowledge levels, rather than their job title or position.

Hays Guide Chart System

A method used in job evaluation to rank jobs based on a variety of factors, such as knowledge, responsibilities, and working conditions.

Total Compensation

The complete reward package provided to employees, including base salary, bonuses, benefits, equity incentives, and other financial and non-financial perks.

Monetary Rewards

Compensation or incentives given in the form of money to employees as recognition for their work or achievement.