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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 1: What is International Human Resources Management? Name at least three of its most critical functions and show the kinds of implications that they may have on the a
Effective HR Management depends upon sound reward system
Question 1: There is no use in considering non-financial issues when motivating people as many consider that money is the prime and only motivating factor. Discuss this st
Compensation Compensation is what workers attain in exchange for their contribution to the organisation. Pay refers to the base wages & salaries workers normally receive. Comp
Question 1: (a) What is the difference between a traditional and a modern method of appraisal and describe 3 examples of each? (b) Describe what the problems of Performan
Needs for the Performance appraisal: 1. Provide information about the Performance ranks on which decision regarding salary fixation, conformation, promotion, transfer and demo
Imagine you are a new employee in a human resource (HR) department. Your first task is to develop a stress management seminar for the employees. Determine the topics that should be
EFFECTIVE hrm depends upon sound reward system, comment
Critically evaluate the planning and design of training and development How does training contribute to the achievement of business objectives? What would you consider to b
name and explain important aspects that should be adhered to when making the final selection decision
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