Which of the following options is not a means of retaining employees? Select the single best answer: A. increased workload B. employee recognition programs C. stock options D. competitive pay E. competitive benefits
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- What are the factors that motivate the modern managers except compensation? Elaborate you answer with the help of examples. note: answer should be 1-2 sheets long only theoryDiscuss the contributions of economics to employee and management motivation and pay.Which of the following statements is correct? A. The manager's objectives are to increase profits every year and to show positive profits by the end of the year. B. The manager must always make sure that employees maxmize their benefits. C. The manager must always assure to minimize costs. D. The most important objective of the manager is to maximize profits at the level where MB - MC = 0.
- Q-3 Are the following statement true of false ? You need to provide an aurgument for and against it why it is so.Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job? a.The job involves working in pleasant surroundings. b.The job is widely viewed as prestigious. c.The job requires substantial amounts of stressful out-of-town travel. d.The employer provides low cost child-care services on the premises.The preference of male employees over female employees in terms of deployment in global operations may ascribe to employers’ perceptions concerning skills requirement of the position available, productivity and work performance.TRUE orFALSE
- The decisions of individual employees are clearly independent from a company's stance regarding social responsibility () a) True () b) FalseWhich description best defines SOFT SKILLS? A-Interpersonal people skills that can be used in every job B- Skills that an employee acquires only after staying at one job for longer than 6 months C- Job-specific skills and knowledge required to perform a task D-The ability to write a strong resume and cover letterAll workers start working for a particular firm when they are 20 years old. The value of each worker’s marginal product is $18 per hour. In order to prevent shirking on the job, a delayed-compensation scheme is imposed. In particular, the wage level at every level of seniority is determined byWage = $10 + (0.4 * Years in the firm)Suppose also that the discount rate is zero for all workers. What will be the mandatory retirement age under the compensation scheme? (Hint: Use a spreadsheet.)
- Employee retention programs ________. A) aim to evaluate salaries for long-term employees B) list potential replacements for key positions in a firm C) evaluate job requirements and create job specifications D) aim to hire more contingent employees E) ensure a steady supply of experienced employees for new opportunitiesDefine intrinsic rewards. A. payment made to retired workers from an investment fund B. wages earned for working more than the normal allotted time in a workday C. reasons for a person to do something that are not based on wage or salary D. salaries earned by employees for being especially great at their jEmployers are required to provide safe working environment and training but it is up to the employee to implement these on daily basis Question options: A) True B) False