Which of the Following Is True About Impact of Technology

question 27

Multiple Choice

Which of the following is true about impact of technology on HR functions involving compensation and rewards?

• A)Bring down efforts needed to achieve compensation goals
• B)Similar pay increases for employees
• C)Reduction in time spent on performance management
• D)Brings down potential conflict managers may face
• E)Thins employees' views on linkages between performance and pay

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Definitions:

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting decision-making and resource allocation.

Financial Transactions

Deals or exchanges of monetary value between parties, including buying, selling, and trading goods, services, or financial instruments.

Union Suppression

Efforts by employers or governments to hinder or prevent the formation and activities of labor unions.

Low Cost

Offering or acquiring goods, services, or resources at a minimal expense, often emphasizing efficiency and economic savings.