Which area of a business would most benefit from using the workday platform?
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business would most benefit from using the workday platform?
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Which areas of a business would most benefit from using the Workday platform?
(A) Enterprise resource planning, supply chain, and inventory management.
(B) Compliance, server machine administration, and anti-money laundering.
(C) Human resources, compliance, recruiting, and finance.
(D) Private equity issuance and listing on a public exchange.
Option(C) Human resources, compliance, recruiting, and finance is the correct answer.
What is Human resources area of business?
- The group of individuals who work for a given organisation, business sector, industry, or economy is referred to as its human resources.
- Human capital, or the knowledge and abilities that people possess, is a more specific idea.
- Administrative procedures to support organisational personnel must be developed by a human resources department.
- Payroll, health insurance, employee discipline, and staff recruitment are just a few of the crucial areas that human resources is now evolving.
- In the twenty-first century, human resources (HR) play a crucial role in assisting organisations in adapting to a business environment that is rapidly changing as well as to the rising demand for qualified people.
What is compliance area of business?
- The compliance division makes ensuring that a company abides by internal and external controls.
- Compliance departments in the financial services industry seek to achieve important regulatory goals to safeguard investors and guarantee that markets are just, effective, and transparent.
- Additionally, they aim to lower system risk and financial criminality.
- These goals are intended to promote customer trust in the financial sector.
- Regulatory business standards that address advertising, customer communications, conflicts of interest, customer knowledge and suitability, customer interactions, client assets and money, as well as rule-breaking and errors, are also applicable to financial services businesses.
What is Recruitment area of business?
- Hiring the best candidate for the job entails recruitment, which is a crucial corporate strategy.
- After that, this individual joins the workforce and company. Most of the time, recruitment is not reliant on a single person. An alternative is a team that ignores the hiring procedure.
What is Finance area of business?
- The term "finance" relates to topics including the creation, administration, and analysis of money and investments.
- It comprises using projected income flows to fund present projects through investments, securities, and the utilisation of credit and debt.
- Because of its temporal component, finance is closely related to the time value of money, interest rates, and other related subjects.
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