Human resource management MCQ questions
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Question 96 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Both monetary and nonmonetary
None of the above
An incentive program is a formal scheme used to promote or encourage specific actions or behavior by a specific group of people during a defined period of time. Incentive programs are particularly used in business management to motivate employees and in sales to attract and retain customers. Scientific literature also refers to this concept as pay for performance.
Definition: Incentive Plan. Incentive plans are methods in which employees of an organization are kept motivated for the work that they do, and are given incentives on reaching or accomplishing certain organization goals. The incentive plans can be for lower level employees, middle management and senior management.
Question 97 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Question 98 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
many contacts in field
adept at contacting candidates who are not on the job market
unfamiliar with company perceptions of ideal candidate
ability to keep identity of firm confidential
Question 99 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
The HR intranet portal may well be the answer. In addition, with the HR intranet staff members are able to access all the great features we've identified in this post via a single platform. There's no need for staff to switch between different apps and screens with multiple passwords and logins. Just one login gives you access to all things HR.
Question 100 [CLICK ON ANY CHOICE TO KNOW MCQ multiple objective type questions RIGHT ANSWER]
Recruitment and Selection
Pay and Reward
Payroll - Payroll is a critical function of the accounting department and includes making sure all employees are paid accurately and timely. In addition, proper tax is assessed and tax payments are on time with state and federal government agencies.
The human resources function generates a large amount of paperwork, some of which is used by the payroll staff to determine employee gross pay and pay deductions. This function could be placed within the accounting department, or maintained as an entirely separate department, perhaps reporting to the CFO .
Functions of Modern Accounting and Finance Department 1. Treasury management : accounting and finance department sets up treasury management policy to be adopted by all who come in contact with cash or cash equivalent. Included in the treasury management are things like the level of risk that can be assumed by the firm at any point in time.
Human resources (HR) and accounting are both crucial areas in most companies, yet they often operate in silos, functioning independently. But more and more businesses are realizing this practice needs to change, and there's a growing recognition of the critical role that employees play in the financial success or failure of a company.