What kind of human resource (HR) model allows for certain administrative tasks to be performed by third party

 

What kind of human resource (HR) model allows for certain administrative tasks to be performed by third party

Outsourced benefits administration

HR service sharing

Insourced benefits administration

HR benefits accounting

 

The correct answer is "Outsourced benefits administration."

 

Outsourcing is a human resource (HR) model that involves hiring a third-party company to handle certain administrative tasks, including benefits administration, payroll processing, and recruitment. Outsourcing benefits administration can help organizations reduce costs and improve the efficiency of their HR operations. In this model, the third-party company is responsible for managing employee benefits, including health insurance, retirement plans, and other employee benefits. The organization retains overall control of the benefits program, but the third-party provider takes care of day-to-day administration.

 

Which of the following activities would be a responsibility of the human resources business function?

Accounting for benefit withholdings

Financing of inputs

Performance evaluation

Processing payroll

 

The correct answer is "Performance evaluation."

 

The human resources (HR) business function is responsible for managing an organization's workforce, including employee recruitment, retention, training, and development. The following activities would be a responsibility of the HR function:

 

Performance evaluation: The HR function is responsible for assessing employee performance and providing feedback to help employees improve and grow in their roles.

 

Recruitment: HR is responsible for finding and hiring qualified candidates for open positions within the organization.

 

Retention: HR is responsible for developing programs and policies to help retain employees, including providing competitive salaries and benefits, opportunities for growth and development, and a positive work environment.

 

Training and development: HR is responsible for providing training and development programs to help employees improve their skills and knowledge.

 

Processing payroll and accounting for benefit withholdings are typically handled by the finance or accounting function, while financing of inputs is typically handled by the finance function.

 

What is at the heart of a company’s payroll business process?

Accounting system

Payroll accounting

Human resources

Employees and their time worked

 

The correct answer is "Employees and their time worked."

 

At the heart of a company's payroll business process is the employees and their time worked. The payroll process involves calculating employee compensation based on the number of hours worked, deductions for taxes and benefits, and other factors such as overtime and vacation time. The payroll process typically begins with collecting time and attendance data from employees, which is then used to calculate their paychecks.

 

The payroll process is closely tied to the human resources function, as HR is responsible for managing employee records and ensuring that they are accurate and up to date. Payroll accounting and the company's accounting system are also important components of the payroll process, as they are used to track payroll expenses and ensure that they are properly recorded in the company's financial statements.

 

Human resources are one of the most important

Collection processes in a business

Inputs into a business

Outputs from a business

Conversion processes in a business

 

The correct answer is "Inputs into a business."

 

Human resources are one of the most important inputs into a business. They are the people who make up an organization's workforce and are responsible for carrying out the activities necessary for the organization to achieve its goals. Human resources are involved in many aspects of a business, including recruitment, training and development, performance evaluation, and employee relations. The effectiveness of an organization's human resources can have a significant impact on its success, as skilled and motivated employees can help the organization to achieve its goals and objectives.

 

What department is responsible for the employee onboarding process?

Human resources

Department manager

Payroll

All of these answer choices are correct

 

The correct answer is "Human resources."

 

The employee onboarding process typically falls under the responsibility of the human resources (HR) department. The HR department is responsible for managing an organization's workforce, including recruiting and hiring new employees, and ensuring that they are properly trained and integrated into the organization. The onboarding process typically involves a series of tasks and activities, including orientation sessions, completion of paperwork and documentation, and training on company policies and procedures. While department managers and payroll may be involved in some aspects of the onboarding process, the overall responsibility for managing the process typically falls under the HR department.

 

What type of processing accumulates transaction into groups and processes them at regular intervals?

Real-time

Journal

Batch

Group

 

The correct answer is "Batch."

 

Batch processing is a method of processing transactions where transactions are accumulated into groups and then processed at regular intervals. The processing of the transactions in the batch is done all at once, rather than individually in real-time. This is often used for tasks such as payroll processing, where it is more efficient to process all employee paychecks at once rather than individually.

 

Real-time processing, on the other hand, processes transactions as they occur, without any delay. This is often used in applications such as online transactions, where delays in processing can lead to issues with customer satisfaction.

 

A journal is a record of financial transactions that shows the debit and credit balances in each account. It is used in accounting to keep track of financial transactions.

 

"Group" is not a type of processing in the context of this question.

 

Which of the following events constitutes an employee termination?

Retirement

Death

Layoff

All of these answers are correct

 

The correct answer is "All of these answers are correct."

 

An employee termination is any event that results in the end of an employment relationship between an employer and employee. This can include retirement, death, and layoff, as well as other events such as resignation, termination for cause, or the expiration of a contract. When an employee is terminated, their access to company resources and systems is typically revoked, and their final paycheck is calculated and paid out according to applicable laws and regulations.

 

At what phase of maturity would a company be that has implemented a HR and payroll module in a fully integrated enterprise resource planning system?

Phase 3-Defined

Phase 1 -Limited

Phase 4-Optimized

Phase 2 -Informal