According to the Bureau of Labor Statistics, employer costs for employee compensation for civilian workers in the United States average. per hour worked. Multiple Choice ○ ○ $20.34 $50.00 о о $100.25 $33.58 $5.65
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- Deferred compensation is another practice that employers may choose to adopt in certain circumstances. Based on your understanding of the course material, describe three benefits an employer might experience from using deferred compensation.New immigrants generally face an “entry effect” in terms of the wages they can expect to earn relative to a comparable local-born worker. Based on your understanding of the course material, describe three factors that may contribute to this entry effect.Critically, provide four criticisms on the shortcomings of paying workers solely firm’s hiring and wage payment rule
- Underemployed workers refers to: workers who are working part-time but who would prefer to work full-time workers who are earning less than they are qualified for workers paid cash, "under the table" workers whose skills are underutilized workers who are underageThe breaking up of jobs into smaller and smaller units, with each worker performing fewer tasks but repeating them thousands of times per day, has contributed to health problems of workers true falseHow will the following issues shape compensation professionals' work for years to come: Increased minimum wage rate. Gender pay gap. Workforce demographic shifts. Compensation-productivity gap.
- Due to there being discrepancies between the productivity and resource offerings (i.e., education, skills, experience) in labor markets, is it justified for one employee with a higher marginal revenue product to earn a higher wage than an employee with a lower marginal revenue product?Describe internal and external managerial labor markets. What are the merits of internal managerial labor market versus external?Many employers in the U.S. pay significant amounts towards their employees' health insurance premiums. If the benefit-cost per full-time employee rises (e.g. when the insurer raises premiums) and the employer does not want the total cost of the employees' compensation (wage + benefits) to rise, all of the following would represent valid options for the employer to consider, except a. replacing some full-time employees with part-time workers. b. prohibiting fulltime employees to work overtime and hire temporary part-time workers to work those extra hours instead (assuming overtime is paid at the same wage rate as regular work hours). c. increasing full-time employee's contribution towards premiums; not changing wages. d.laying off some of the full-time employees and instituting mandatory overtime for the remaining full-time employees (assuming overtime is paid at the same wage rate as regular work hours).
- Discuss how workers who differ in their innate abilities sort themselves across piecerate and time-rate jobs. Also describe how the two compensation systems elicit different levels of effort from the workers.Workers Total Product Product price 0 0 4 1 16 4 2 26 4 3 34 4 4 40 4 5 44 4 At a wage rate of $30, the firm will choose to employ how many workers?An employer faces two types of employees. Regular workers at 90% of the population and generate $75,000 in productivity. Exceptional workers are 10% of the population and generate $100,000 in productivity. Employers know their types and rejects salaries below their productivity. If employer offers a salary equal to the average productivity in the population, what will be the employer’s per employee profit? How can this be fixed?
