TAILIEUCHUNG - Lecture Personnel economics in practice - Chapter 13: Benefits

After today’s lecture, you will be able to address the following: When is it advantageous for firms to use benefits in lieu of cash compensation? What categories of benefits are there? What benefits can a firm provide more cheaply than the employee can buy? How can benefits be used to enhance employee productivity? Is there a danger of diminishing productivity through benefits? | Chapter 13: Benefits 4/8/2013 Chapter 13: Benefits Wages versus Benefits Why Offer Benefits? Cost Advantage Economies of Scale Tax Arbitrage or Subsidy Value Advantage Employee Sorting Employee Productivity Government Mandate Implementation of Benefits Improving Employee Sorting Cafeteria Plans Pensions Plan Types Pensions and Turnover Vesting Portability Employee Stock Ownership Paid Time Off Summary 4/8/2013 Chapter 13 – Benefits After today’s lecture, you will be able to address the following: When is it advantageous for firms to use benefits in lieu of cash compensation? What categories of benefits are there? What benefits can a firm provide more cheaply than the employee can buy? How can benefits be used to enhance employee productivity? Is there a danger of diminishing productivity through benefits? 4/8/2013 3 Benefits Discussion Hourly cost of employees with benefits and “overhead” is often referred to as the burdened rate Question: On average, how much of every $ in wages .

• Kinh tế học
• Personnel economics
• Kinh tế học
• Personnel economics in practice
• Improving employee sorting
• Implementation of benefits
• Cafeteria plans
• Setting hiring standards
• Making decisions
• Imperfect information
• Screening job applicants
• Worker’s productivity
• Signaling more formally
• Investment in skills
• Investments in education
• On the job training
• Rent sharing
• Managing turnover
• Retention strategies
• Bidding for employees
• Decision making
• Benefits of centralization
• Benefits of decentralization
• Organizational structure
• Network structures
• Coordination mechanisms
• Job design
• Optimal job design
• Intrinsic motivation
• Advanced job design
• Group decision making
• Implementation of teams
• Performance evaluation
• Performance evaluation design
• Quantitative performance measures
• Rewarding performance
• Pay performance shape
• Performance pay methods
• Career based incentives
• Outside hiring
• Promotion probability
• Employee stock options
• Incentive pay
• Executive pay
• Human capital investment
• Internal markets
• Motivating creativity
• Employment relationship
• Perfect competition
• Imperfect competition
• Complex contracting
• school administration
• personnel administration
• business management
• production management
• personnel management
• Political economy