Factortakehomeyd
The following are the questions for the take home quiz. Please answer on separate piece of paper. This is due in class, not after class, not by the end of day, but at the beginning of class on January 6th. This is open book, but must be your own work. Please do not work around or interpret this requirement as vague or leaving any room for consulting classmates or other help on this work IN ANY WAY, SHAPE, OR FORM. It is obvious when students work together or get assistance on assignments like this. Note: Some of this material is material that we went over less in class or that was not prominent in the activity book. This is my way of making sure you cover it.
(20 pts) Pick two different professions that receive very different compensation. Explain, using the book’s descriptions of the causes of wage differentials, why the two professions receive different compensation. More credit will be given for examples that legitimately demonstrate more distinct reasons for difference and discussions that are more thorough. You may not use examples we have used in discussion or that the book has used.
(20 pts) Employers try many strategies to properly motivate employees. Sometimes they work; sometimes they get exactly the wrong result.
What term from the book describes the problem that causes employers to seek clever compensation schemes? State and specifically define this term.
In the recent economic crisis compensation schemes may have made matters worse. Below are two lists. The first list describes employees who hurt the companies that employed them. The second list names compensation schemes designed to improve employee behavior that may in the wrong circumstance actually influence the employees to behave badly. Which scheme might have been involved in each situation? Your assignment is to match an employee from list 1 with a scheme from list 2 and then describe how using that compensation scheme for that employee might have caused their bad
(20 pts) Pick two different professions that receive very different compensation. Explain, using the book’s descriptions of the causes of wage differentials, why the two professions receive different compensation. More credit will be given for examples that legitimately demonstrate more distinct reasons for difference and discussions that are more thorough. You may not use examples we have used in discussion or that the book has used.
(20 pts) Employers try many strategies to properly motivate employees. Sometimes they work; sometimes they get exactly the wrong result.
What term from the book describes the problem that causes employers to seek clever compensation schemes? State and specifically define this term.
In the recent economic crisis compensation schemes may have made matters worse. Below are two lists. The first list describes employees who hurt the companies that employed them. The second list names compensation schemes designed to improve employee behavior that may in the wrong circumstance actually influence the employees to behave badly. Which scheme might have been involved in each situation? Your assignment is to match an employee from list 1 with a scheme from list 2 and then describe how using that compensation scheme for that employee might have caused their bad