In recent years, almost all new job creation in the United States has occurred in the sector. Multiple Choice O O manufacturing agricultural service telecommunications
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- In order to make a hiring decision, a manger must: Compare wage rate with MPL. If Wage rate is equal to MPL then hire Compare wage rate with MPL. If wage rate is less than MPL then hire. Compare wage rate with MPL. If wage rate is greater than MPL then hire. Compare wage rate with MRP. If wage rate is equal to MRP then hire Compare wage rate with MRP. If wage rate is lower than MRP then hire.Analyse the shape of the market supply of labour curve. Motivate your answer with the aid of an example.You are HR director for a growing architecture firm in Fort Lauderdale, Florida, which currently has need of drafting 20 blueprints every hour. Each of your company’s architects can create on average four blueprints per hour. You are considering hiring four drafters to shoulder the load; each drafter is slower than the architects and can create on average only two blueprints per hour. You scan the current wages in the Ft. Lauderdale area (https://www.bls.gov/oes/current/oessrcma.htm) and notice that the architects in your company earn the local occupational median wage of $30.14 per hour, but that the prospective four drafters will likely each want to get paid their local occupational median wage of $23.52 per hour. a. Would your company save money in the creation of the 20 blueprints by hiring the four new drafters and firing some architects? b. The Bureau of Labor Statistics projects that employment of drafters over the next decade will drop by 1.2%, compared to an increase of…
- It is difficult to measure to what extentdiscrimination affects labor market outcomesbecausea. data on wages are crucial but not readilyavailable.b. firms misreport the wages they pay to hidediscriminatory practices.c. workers differ in their attributes and the types ofjobs they have.d. the same minimum-wage law applies to workersin all groups.Explain efficiency wage theory Only typed solutionThe rise of the contingent workforce (case study)The nature of employment is changing. Over 80% of executives surveyed by Oxford Economics say theyare increasingly using contingent employees—non-payroll personnel including intermittent and seasonalemployees, consultants, freelancers, and part-timers. The trend is global and cuts across industries.Managing these contingent workers effectively requirescompanies to make major updates to technology, training,and culture—and the degree of difficulty is likely to increaseas lawmakers and regulators around the world sharpen theirfocus on the issue. Yet our survey of over 2,700 executivesin 27 countries shows that most companies are strugglingto keep up with the transformational changes to traditionalwork arrangements that are already underway. Just 42% ofexecutives say the influx of contingent workers is having animpact on their workforce strategies—roughly half the numberwho say they are using more of these workers.The rise of the…
- A restaurant with one, two, three, or four employees can serve 35, 50, 64, or 75 customers, respectively. The marginal product of the third worker is:Do you believe or think PPP(Public Private Partnership) could be a game changer in the post covid HR development?Imagine a scenario where a worker receives a wage far above the market determined rate for their employment. Using the concept of cognitive dissonance, would this worker be predicted to respond with more or less effort on the job? Explain.
- The textbook discusses some strategies for correcting for ability bias when trying to estimate the rate of return to education. a) Explain ability bias. b) Discuss the method of using data on identical twins to control for ability bias. c) Discuss the method of using certain birth dates to control for ability bias. The Textbook: Labor Economics, 8th Edition, by George Borjas, published by McGraw-Hill.How the SINDH Rural Support Organization (SRSO) devoplop training design for there employees?. In detail plzOtherthingsbeingconstant,howwillthefollowinginfluence the hourly earnings of employees? Explain your answer. The employee must work the midnight to 8:00 a.m. shift. The job involves split shifts (work three hours, off two hours, work three additional hours, and so on). Theemployerprovideslow-costchildcareservicesonthe premises. The job is widely viewed as prestigious. The job requires employees to move often from city to city. The job requires substantial amounts of out-of-town travel.