Shrm Cp Exam Latest Questions And Answers | Verrified

Cosourcing {Ans: Situation in which an enterprise outsources only one part of a function, often collocating it at the organization's workplace.}Departmentalization {Ans: Way an organization groups jobs to coordinate work.}Stakeholder concept {Ans: Concept that proposed that any organization operates within a complex environment in which it affects and is affected by a variety of forces or stakeholders who all share in the value of the organization and its activities.}Key performance indicators (KPI's) {Ans: Quantifiable measures of performance used to gauge progress toward strategic objectives or agreed standards of performance.}Unweighted average {Ans: Raw average of data that gives equal weight to all values, with no regard for other factors.}Applicant tracking software (ATS) {Ans: Software that provides an automated way for organizations to manage the recruiting process.}