1. What distinguishes personnel economics from labour economics? Personnel economics is the narrow sub-discipline of economics studying the internal personnel workings of the organization where labour economics is a sub-discipline of economics studying the interaction of various actors (employees‚ non-workers‚ organisations and governments) in the labour market and of broad labour market processes and outcomes. 2. What insights may economic models bring to bear
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According to (Sim‚ 2016)‚ the Government is planning to make the second week of paternity leave mandatory for all employers. (a) However‚ in lieu of the second week of mandatory paternity leave to be implemented across the board‚ many issues have been raised especially from many employers who fall under the Small and Medium Enterprises (SMEs). Firstly‚ the mandatory second week paternity leave will result in a loss of man days. Secondly‚ with the volatile economic environment always ever changing
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Dignity of Labour: “Shouldn’t an honest and descent job be enough?” “Work is work”; no work is superior or lower in itself. It is absolutely wrong to consider any work as high or low. The work itself is a dignity and every work has some dignity attached to it. The meaning of dignity of labour every kind of work is dignified. It also implies that dignity can be achieved only by hard work. All types of jobs are respected equally‚ and no occupation is considered superior. Dignity of labour indicates
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W QDL= f(W) We recap by recalling labour costs where when costs Go up‚ companies create a more mechanized form of labour Therefore‚ labour becomes more capital intensive. QDL C ∑ LD‚ W (the elasticity of labour demand with respect to wage = % change LD (demand for labour) % change in wage (w) WHEN WE LOOK AT THE SUPPLY OF LABOUR = LS = g(w‚ # of earners‚ level of education) Note: the increasing level of education increases the hour of work (LS) Sidenote: explained about wealth – which
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Values and IRR’s of each the options; the labor intensive and the capital intensive. After reviewing the results‚ it would be obvious to Mr. Soderberg that he should recommend that the Jacobs division move ahead with production of the Silicon-X operating with the labor-intensive option. The NPV for the labor-intensive option is positive (acceptable) at 12‚ 16 and 20 % while the capital-intensive option is only positive at 12 and 16 %. Not only that‚ but the labor-intensive option meets the expectations
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should be considered. Environmental factors such as labor force trends‚ technology‚ globalization and ethics and social responsibility have impact on managers’ workforce planning decisions. Labor force trends: There is workforce diversity so managers should reevaluate while making decisions on workforce planning. Managers should recruit and select individuals so that he/she can eliminate the direct or indirect discrimination in working place. Labor force keeps on changing as per the change in market
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to almost 3000 people Shui had cut the Rocky River labor costs given the company access to potentially huge Chinese market/ Chinese labor cost is lower Shui Fabrics had been careful to make no conflicts with the government policies on western/foreign corporation Ray have not explored poential negotiations with the government for possible business considerations or arrangements Ray had not yet explored other cities where they can get their labor costs lower or where foreign business policies are more
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for planning. Each model regardless of how different they are‚ where trying to achieve a desired and predictable outcome. That is the first and foremost similarities; from there the models start to evolve. Society begins to become more educated‚ labor gains confidence in their ability‚ understands that they have a percentage of power‚ either through federal laws‚ unions and collective bargaining and today’s work place becomes a partnership as such to achieve the desired outcome of productivity.
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Paper in ENGN12A “CHILD LABOR” Dinoy‚ Dion Janel Macaraeg‚ Reina Marie C. INTRODUCTION Today‚ throughout the world‚ around 215 million children work‚ many full-time. They do not go to school and have little or no time to play. Many do not receive proper nutrition or care. They are denied the chance to be children. More than half of them are exposed to the worst forms of child labor such as work in hazardous environments‚ slavery‚ or other forms of forced labor‚ illicit activities including
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others. Is being united strong enough? Labor Unions failed their constituents due to poor and corrupt leadership as well as selfish goals. By the 1860s labor workers decided on considering the idea if joining together to form unions. The first major union was the National Labor Union under William H. Sylvis. It was a big organization consisting of about 640‚000 member. It branched out and consisted of a variety of reform groups but had a small relation to labor work. We see from the beginning the
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