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Question 1:
i) Using the marginal revenue productivity (MRP) theory explain how wages are determined under both perfect and imperfect competition?
ii) Consider a firm is a monopsonist in the labour market it hires. Its MRP of labour is 14 - L and the wage rate is W = 2 + L. How much labour the firm will hire and what wage rate it will pay?
Question 2:
"Profit-maximizing firms lack incentive to provide job safety, and consequently, the government must intervene legislatively to protect workers against the unsafe working conditions that will surely result." Determine this statement.
Question 3:
"Trade unions tie the hands of management and inhibit efficient decision making." How far do you agree?
Question 4:
Write short notes on any three of the following. (Each part carries equal marks). i) Female participation rates ii) Determinants of demand for labour iii) Occupational licensure iv) Effects of minimum wage law on a competitive labour market
Question: (a) What provisions have been made in the Employment Relations Act 2008 for actions by the Supervising Officer regarding the following: - (i) assistance during ne
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What is employee selection?
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Change in the job assignment: training is also necessary when the existing employee is promoted to the higher level in the organization and when there is some new job or occupatio
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what is the degree of autonomy does hrm presents to its stakeholders
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