Human Resources Development And Management Essay

How often do you wake up worrying about money? How often do your loved ones worry about money? How often have you heard, “if only I had the money?” How often do you feel that more money would solve all your problems and would make you happy? What if I told you that you were right, to an extent. Author’s across the discussion of happiness have tried to answer the simply stated, yet complicatedly answered question, “Can Money Buy Happiness?” Authors Ed Diener and Robert Biswas-Diner attempt to answer the question in their piece of the same name, by explaining that “Yes, money buys happiness…but it must be considered in the bigger picture of what makes people genuinely rich” (Biswas-Diener 160-161). This idea that fiscal wealth is a path to happiness

The texts, “High incomes don’t bring you Happiness” and “You can buy Happiness, if it’s an Experience”, completes the idea that monetary value does not bring true joy. In the passage, “High incomes don’t bring you Happiness”, the author states that bringing in an over excessive amount of money will not make one happy. The author said that an overall income of around $75,000 will complete one’s emotional well being, while anything over that will complete a life evaluation. Life evaluation is the idea that if one was to look at themselves while they’re in their deathbed, how would they rate their lifestyle. This is also supported through different statements within the passage, “You can buy Happiness, if it’s an Experience”. Within this study, it was proven that people enjoyed money, but often spent it on materialistic items which leaves them with a temporary feeling of satisfaction, while when they are given a fully paid trip to the Bahamas, the feeling of peace and joy lasts far longer than when they were to purchase an item of materialistic value. This

1. Ch 1, page 60-61, question 4: What is “evidence based HR”? Why might an HR department resist becoming evidenced based?

Growing up in a family where both my parents came from poor immigrant backgrounds always made financial success a priority and when there was no need to be frugal, my parents did seem happier. But did money buy my parents’ happiness or did money lead to their happiness? Ed Diener and Robert Biswas-Diener attempt to answer that question in their excerpt “Can Money Buy Happiness,” where they claim that “[m]oney can be a help in attaining psychological wealth, but it should be considered in the bigger picture of what makes people general genuinely rich (Biswas-Diener 161). Although not explicitly defined by Diener and Biswas-Diener, “psychological wealth” is the overall measure of happiness, beyond just fiscal affluence, including positive ties with other individuals and joyful temperaments (Biswas-Diener 168). By extending Biswas-Diener and Diener’s idea of “psychological wealth” to include the perception of what wealth is and what wealth consists of beyond monetary success, such as achievements or fulfillment, there exist a copious number of ways to view wealth. One can be rich in more than finances and happiness is dependent upon the perception of wealth due to money being one of several paths, including deliberate effort and being positive, to “psychological wealth” which leads to happiness.

2. Give some examples of ethical issues that you have experienced in jobs, and explain how HR did or did not help resolve them.

Don Peck and Ross Douthat convey through their editorial, “Does Money Buy Happiness?,” that one’s level of content to a degree is contingent upon their ability to act as a consumer in society. Peck and Douthat base their assumption on research which shows, “For individual countries, with few exceptions, self-reported happiness has increased as incomes have risen” (332, par.4) Based on this statistic, it is being assumed that one’s ability to support their lifestyle and perhaps better it creates a sense of security that leads to happiness.

In Chapter 14’s podcast entitled does money buy happiness the hosts and Guest speaker Justin Wolfers analyze whether or not more “money equals more happiness” in order to answer this question they provide Richard Eastland’s The Eastland Paradox, which states that more money does mean more happiness for a person in a country but that this is not necessarily true for the whole country when compared to another. Eastland observed that when comparing a rich and a poor person from a single country, at any given time The richer person was happier than the poor person. With this in mind, Eastland believed that money must play a key role in the happiness of a person but that there was no evidence that a rich country is happier than a poor country or

Although Americans do look better and feel better with the extravagant items they purchase, money doesn’t buy happiness for long term goals. Like many will argue, like Atlantic senior editor Derek Thompson did in his 2013 article, “Yes, Money Does Buy Happiness: 6 Lessons on the Newest Research on Income and Well-Being,” money can only buy happiness for short term goals; it won’t last very long for everyone and it could lead to worse scenarios when the money is gone. Thompson (2013) included statistics on richer countries that are proven to be happier, explaining, “First, the lines go up. More money, more happiness. Second, the lines go up in parallel, more or less. Across language, culture, religion, ethnic background, the same amount of extra money seems to buy the similar amount of extra happiness.” Thompson (2013) found the same similar pattern in many other countries and concluded that they are more happy than poorer countries. Although poorer countries don’t have as many resources or many things like richer countries do, Seth Borenstein, in his 2017 article for The Independent, “Norway Beats Denmark to be Named the Happiest Country in the World by the UN,” can beg to differ. Borenstein (2017) says, “While most countries were either getting happier or at least treading water, America's happiness score dropped 5 per cent over the past decade” (Borenstein, 2017). That shows that America, one of the richest

In his article The Funds, Friends, and Faith of Happy People David G. Myers analyzes results of different surveys and researches in attempt to answer the question: “does money make people happier?” The conclusion suggests they do not. While many people have an opposite opinion, facts show the correlation between money and happiness weakens with the increase of income.

It is often said that, “Money can’t buy happiness.” In Cass R. Sunstein’s Yes, Money Can Make You Happy, Sunstein provides a summary and review of Elizabeth Dunn and Michael Norton’s Happy Money: The Science of Happier Spending; he declares that money, when spent wisely and with the right attitude, can provide the most elusive of all human experiences: happiness. In a changing social climate with advances in technology offering unmatched convenience, and a culture in which diverse people with equally diverse sets of values come together, the study of what truly makes us happy is especially relevant now more than ever. While money can certainly be spent in a manner which will create happiness, what Sunstein neglects to address in his writing is that more money does not always equate to more happiness, regardless of how and when it is spent.

The subject of this paper is the age-old question, “Does Money Buy Happiness”. On the surface, this question appears to be an easy one. Happiness however, is a subjective item. To better answer this, several points must be analyzed such as, “What is happiness?”, “How is it measured?” etc. To better streamline this process, a research question was developed:

(Because 2) Easterlin Paradox reveals methodological challenges of the economics of happiness, remains unresolved across countries

A manager must recognize the employees with knowledge and skills and encourage them to use their abilities. Organization and managers should recognize their successful business which this success depends on human capital and

However, Myers and Wiederman also consent that wealth, achievement, and one aspect of inheritance, little voice, might be obstacles to achieve happiness. Myers writes that money cannot buy happiness or bring it. Although people in poor countries are less happy than people in rich countries, some rich people are not as satisfied as regular people in the same country, and some of them don't know happiness, whereas a few of them are happy because they know how to gain it and how to spend it. Also, he compares people in the past and the present in the U.S. He concludes that Americans in the past seems happier than Americans now though the economy has been increasing, so wealth cannot escort satisfaction. According to Wiederman, accomplishment also may not lead to well-being since people whose goal is money will not be happy. That is because after achieving their goal, they will compare themselves with those who are richer than them. Then despondency will be their feelings. Moreover, if their goal is not money, and they are strong-linkers, another two situations may occur. He discusses that strong-linkers

Human Resource Management involves a wide array of functions that encompasses the time from when an employee enters an organization to the time the employee leaves the organization. The specific activities that are involved in HRM include job design and analysis, recruitment, orientation and placement, development and training of the personnel, employee remuneration, and performance appraisal (Aswathappa, 2007: 5). This paper shall focus on three main activities which are recruitment, training, and personnel development. When it comes to recruitment, it is incumbent upon the Human Resource Manager to bring into the workforce, employees that are both wiling and competent to accomplish specific tasks. The work of recruitment goes hand in