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- Salary Employee Salaried employees are employees that are paid a fixed or set amount of money each year. They may be paid weekly, bi-weekly or monthly. Salary employees are often referred to as "exempt employees! For example, their compensation plan may read as '$45,000 per year'. It means that if they work extra hours, they are not paid for it. So overtime is not a "thing". It is just part of their job. Teachers are paid to work from September through to the end of June, and are only paid for 6.5 hours a day, according to their contract. However, most teachers spend 8-12 hours a day working, and they work through the March break and Christmas break getting caught up with marking. In the summer they take training courses. They still only get paid for the 6.5 hours a day, at the annual salary. This is a salary job. The benefit is stability and consistency. You know your income, you know if things get busy, you need to work extra, and if it slows down, you still get paid. Challenge…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. Employees know their types and reject 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?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?
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- Orientation is the human resources function that: pick one Question 2 options: Occurs after the employee is on the job for several months Includes tours, introductions, and socialization Is okay to omit Provides on-the-job training Develops equal pay informationNew answer with bold pointsSharpener and pencil are Substitute True/False
- The number of workers employed drop down (Does not change),(falls),(Rises) select one option If the union invests in the campaign, the number of workers employed will {drop down}----> (Fall),(not change),(Rise) select one option Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Workers Total Product Product price 0 0 4 1 16 4 2 26 4 3 34 4 4 40 4 5 44 4 If the product price increases to a constant $8, then at a wage rate of $30 the firm will choose to employ how many workers?Q-3 Are the following statement true of false ? You need to provide an aurgument for and against it why it is so.