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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
Difference between personnel management and human resource management
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Establishment of training objectives: The personnel manager formulates the following objectives keeping the company's overall objectives in the mind: 1. To prepare the empl
how to make paroll system
Question 1: (a) Define the term "training" (b) According to you, which two methods of training do you find most appropriate in the field of occupational safety & health?
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Human Resource Development (HRD) is another important tool used by SHRM to develop individuals who are capable of filling key positions in the future. Also, HRD is contributing in
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