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- Most collective bargaining situations lead to strikes. True FalseEvery year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively giving one side or the other $1 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of Employer Low Salary Offer High Salary Offer Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employer gets 100 Employee gets 75 Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employee gets 100 Employer gets 75 $200,000) who is effective at preparing the proposal in the best light. If neither hires lawyers or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win three-quarters of the time. 1. Diagram this simultaneous-move game. 2. What is the Nash equilibrium of the game? 3. Would the sides want to ban lawyers?n a closed shop, the company can only employ members of the union, so prospective employees must be a member of the union before being hired. True False
- 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…John was a troubled teen and got arrested several times and even spent some time in a juvenile detention center. John is now 22 years old and briefly attended Highline College but dropped out and has no job. John’s grandmother is very concerned, so she promised John that if he got a steady job, did not break the law again, and if he went back to Highline College if he could be re-admitted, she would pay John $50,000. John loved his grandmother and he promised to do all of that for her. Discuss whether these various promises on John’s part would constitute valid consideration for the payment of the $50,000. Please fully explain your answer for all the points.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?
- Help me solve this question and how to know which one is which. Thanks! Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.What may be a consequence of laws on labor unions and employment in Western Europe that make it difficult to terminate employees? Select one: a. companies may choose to hire many employees b. companies may be reluctant to hire many employees c. employee compensation decreases d. succession planning becomes less relevantCreate a backround of the study regarding Nepotism in the workplace: - provide introduction about nepotism, and answer the question: is it a problem ? why ? or why not ? - Provide the accurate definitions of nepotism according to different scholars - Answer the question: How will you know if someone is hired through nepotism? - cite some cases about how nepotism in workplace works - give some criteria that proves that someone is hired through nepotism - focus on both positive and negative side of nepotism - provide legit source and authentic citations - provide citation to every claim - sources should be specific, for example, name and year
- Please correct the answer. Don't answer by Pen paperCan you help solve parts A through C. For part C please refer to the question posted here "Suppose a negative salary is not feasible. If you give a base salary of 0, what payment would you give in the event of success in order to induce high effort and participation?"Discuss the contributions of economics to employee and management motivation and pay.
