An Improved Capacity to Attract and Retain Higher-Quality Employees Because

question 14

Multiple Choice

An improved capacity to attract and retain higher-quality employees because of the implementation of a new HRIS would be considered an example of:

• A)an example of an indirect benefit of the HRIS
• B)an improvement due to software
• C)an example of a numeric benefit of the HRIS
• D)an example of a direct benefit of the HRIS

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Definitions:

Present Value

The up-to-date valuation of a future financial sum or cash flow sequence, considering a determined rate of return.

Present Value Factor

A factor used to calculate the present value of a future amount of money or stream of payments, based on a specific rate of return.

Discount Factor

A multiplicative factor used to calculate the present value of future cash flows or income streams, reflecting the time value of money.

Time Value

The viewpoint that money on hand today is considered more valuable than the same amount received in the future, due to potential earnings.