You are the Director of HR. The board of directors have asked your opinion about the compensation they plan to offer their candidate for the CEO position. You think the basic salary with incentives is extraordinarly high. Use the Equity Theory to explain how the employees are likely to interpret the high pay of CEOs.

Q: Suppose that workers have 4 levels of productivity. High is 12, middle is 6, low is 3, and trump is…

A: The functional relationship between the factors of production (inputs) and the output is shown by…

Q: According to David Ewing, two factors explain the absence of civil liberties and the prevalence of…

A: According to David Ewing, two factors explain the absence of civil liberties and the prevalence of…

Q: What are the potential costs and benefits of offering employee programs recognizing contributions?…

A: An employee recognition program is an initiative by an employer to encourage employees by rewarding…

Q: Suppose that the wage rate is $47 per hour and the price of the product is $2. Values for output and…

A: Profit-maximizing labor is when VMPL = Wage rate VMPL = MPL x Output price where MPL = Change in q /…

Q: Ritholtz references a research paper that examined 38 states and regions from 1979 to 2016. This…

A: Research is described as a methodical examination of a specific subject or problem using scientific…

Q: Question 1: What circumstances are like to make the use of pay-for-performance appropriate or…

A: The Pay for performance model, often known as performance-related remuneration, refers to employee…

Q: Discuss how workers who differ in their innate abilities sort themselves across piecerate and…

A: Under the time rate pay system, workers are given compensation according to the number of hours…

Q: What are the factors that motivate the modern managers except compensation? Elaborate you answer…

A: Motivation is the most important and dynamic concept. There are many ways in which a manager can be…

Q: A employer wishing to test the effectiveness of a new, on-the-job training program would be wise to…

A: In the market, organizations play a crucial role in providing employment opportunities for the…

Q: . It is estimated that over 100,000 students will apply to the top 30 MBA programs in the United…

A: a) When an individual pursues an MBA degree, he loses the wages that he could have earned by…

Q: As an employer, you can minimize discrimination based on implicit bias when hiring employees if you…

A: Many companies desire to foster an inclusive culture, but could unconscious bias be getting in the…

Q: How does workforce demographic shifts affect compensation?

A: At the marketplace, workforce refers to the total number of people who serve their services to…

Q: Sort the pros and the cons of Employment Insurance (EI). Pro Con Answer Bank increases frictional…

A: Employment insurance is a government plan that pays money to employees when they are unable to work.…

Q: Figure demonstrates some of the trade-offs involved when deciding to join a union.a. Provide a graph…

A: If labor pays a flat hourly rate in union dues, the budget line (BL) in the diagram would move…

Q: Distinguish between Factor Price Equalization and the Stolper-Samuelson theory.

A: Factor price equalization is a monetary theory, by Paul A. Samuelson (1948), which expresses that…

Q: suppose you are hiring a worker for your firm. you advertise a position for $50,000, but an…

A: Answer: No, you should not jump for this offer. You advertise the position for $50,000 still the…

Q: Assume that a worker becomes eligible for a full pension, but that no retirement test is applied.…

A: A worker is one who makes trade-off between work and leisure due to income and substitution effect.

Q: How does the ability to discriminate correctly affect his or her earnings?

A: The law of supply and demand governs how much a product costs. In a perfect or free market,…

Q: What are 10 principles of Economics? How does Science & Technology affect them? Why does Technology…

A: There are 10 basic principles of economics: 1. Trade-offs 6. Economic activities are organized…

Q: Sylvie lives in Ontario and has always contributed to the Canada Pension Plan (CPP). She is ready to…

A: Employment: It refers to the work done by the employees and for which they get a certain amount of…

Q: Consider a competitive economy that has four different jobs that vary by their wage and risk level.…

A: Calculate the utility level for each job by using the wage and the risk level: U(A) = 28, U(B) = 28,…

Q: Explain what you take to be the strongest argument in defense of an employee’s right to participate…

A:

Q: This diagram shows the age-earnings profiles of three different individuals who opt to choose three…

A: Given,  Three age -earning profiles of three different individualsThree options : Not graduating…

Q: What is the Human Capital Theory with respect to its effect on pay. Give concrete, specific…

A: The qualitative economic value of a worker's knowledge and talents is referred to as human capital.…

Q: Please tell me which multiple choice is correct     Given labour market equilibrium with…

A: Part (a) Unemployment is always voluntary. This statement is false.  Involuntary unemployment occurs…

Q: Explain the similarities and differences between the assumptions of Specific Factor Theory and the…

A: The Specific Factor model is intended to show the consequences of trade in an economy where one…

Q: Full employment is related to how well a person’s skills match his or her job. True or false

A: We are going to discuss the definition of full employment in an economy to answer this question.

Q: When talking about compensating wage differentials and the market for risky jobs, we assume that the…

A: Compensating wage differentials refer to higher wages that are required to be offered to the labor…

Q: The government wants to encourage individuals on welfare to become employed. It is considering two…

A: The situation mentioned in the question is a form of welfare program which is initiated by the…

Q: Explain why employers often employ young females instead of young males

A: Mostly employers hire young female accountants or in sales department.

Q: Q)Discuss some empirical evidence on the importance of monopsony in affecting wages and inequality.…

A:

Q: After controlling for age and education, it is found that the average woman earns $0.80 for every…

A: Meaning of Price Discrimination: The term price discrimination refers to the situation under which…

Q: The figure compares the compensation that a shoe salesperson receives if she is on a straight salary…

A: Given there are two compensation structures Salary is fixed at $40 , no matter what number of units…

Q: Years ago, the Spanish Airline – Iberia, was near bankruptcy. To get out of this situation, the…

A: When talking about equity theory, it refers to making an analysis on the distribution of resources…

Q: Which of the following is a reason why some firms do not use commission pay?  It gives workers…

A: When a firm hires workers to produce output, it needs to give compensation to the workers for their…

Q: Explain the meaning of an attractive compensation package.

A: This can show that,  to the provision of a compensation package that exceeds the standard of…