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Scenario: Sally got a job as a customer service executive three months ago and worked very hard during the three-month probationary period even though her supervisor could not directly monitor how carefully she provided her services to customers. After Sally passed the probation and obtained a permanent employment contract, her level of work effort dropped significantly.
1. Holding all other factors constant, apply relevant economic theories and discuss whether the market in the scenario is efficient.
2. If you believe there will be market failures in the scenario, identify the key cause of market inefficiency and the type of market failure. Be specific about your answer. For example, you need to be specific about what kind of externalities (e.g., positive or negative externality; production or consumption externality) or what types of information issues (e.g., adverse selection, moral hazard, or principal-agency problem) are involved or related to the case. Provide a real or hypothetical example of the same kind of market failure by using a different market to support your argument.
3. Recommend a feasible action to the parties who are in the disadvantaged position of the transaction. Explain how your recommendation can help to solve or reduce their problems in the transaction.
Fast track is a courier service with 100 drivers. The company plans to include a driving test in its recruitment to reduce accident risks. The predictive validi
1.An explanation of employer branding, and why it is important in recruitment.?
Do these scenes show problem solving or decision making? What is the separation between the two? What is the problem in these scenes?
It may be possible to plan for surprises when taking control of your environment by
What is an outcome of value-based healthcare?
A psychologist pretests a group of participants on their reading speed and comprehension, puts them in a reading enhancement program for 6 weeks, then tests the
What is the definition of employment relations? Give two examples from the scenario and explain why each example fits within this definition
Discuss the concept of Career meltdown and Flameout Track, differentiating between the two providing suitable examples.
She hears a competitor talking about a significant change in their business that could affect the performance of her own firm.
How do you find good people who WANT to work? How can you acquire and keep top talent as an organization? Organizations are in a war to hire talented employees
Specify the learner-related sequencing related to your design strategy i.e. exploration, gathering and analyzing data, making decision... including the sequence, description, and related objective.
This section is like a reflective essay. You are required to answer FIVE (5) different questions as given below.
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