The Most Common Components of an HRIS System Are Recruitment

question 20

True/False

The most common components of an HRIS system are recruitment and applicant tracking,time and attendance,training and development,performance management,career planning,compensation,benefits and pension administration,employment equity information,performance evaluation,health and safety,and labour relations.However,the number of data fields,where information can be stored is greatly limited due to the functionality of the system.

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Definitions:

Excess Reserves

Excess funds maintained by a bank or financial institution above the minimum levels mandated by regulatory authorities, creditors, or the institution's internal regulations.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Commercial Bank

A financial institution that provides services such as accepting deposits, providing business loans, and offering basic investment products.

Federal Reserve Bank

The central banking system of the United States, responsible for monetary policy, regulation of the banking industry, and maintaining stability of the financial system.