Personnel economics for managers:
Gespeichert in:
Späterer Titel: | Lazear, Edward P. Personnel economics in practice |
---|---|
1. Verfasser: | |
Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York [u.a.]
Wiley
1998
|
Schlagworte: | |
Online-Zugang: | Publisher description Table of contents Inhaltsverzeichnis |
Beschreibung: | 2. Aufl. u.d.T.: Lazear, Edward P.: Personnel economics in practice |
Beschreibung: | XIX, 538 S. graph. Darst |
ISBN: | 0471594660 |
Internformat
MARC
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245 | 1 | 0 | |a Personnel economics for managers |c Edward P. Lazear |
264 | 1 | |a New York [u.a.] |b Wiley |c 1998 | |
300 | |a XIX, 538 S. |b graph. Darst | ||
336 | |b txt |2 rdacontent | ||
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500 | |a 2. Aufl. u.d.T.: Lazear, Edward P.: Personnel economics in practice | ||
650 | 4 | |a Administración de personal | |
650 | 4 | |a Capital humano | |
650 | 4 | |a Economía gerencial | |
650 | 4 | |a Economía laboral | |
650 | 4 | |a Managerial economics | |
650 | 4 | |a Labor economics | |
650 | 4 | |a Personnel management | |
650 | 4 | |a Human capital | |
650 | 0 | 7 | |a Personalwesen |0 (DE-588)4076000-5 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Arbeitsökonomie |0 (DE-588)4322126-9 |2 gnd |9 rswk-swf |
650 | 0 | 7 | |a Personalpolitik |0 (DE-588)4045269-4 |2 gnd |9 rswk-swf |
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856 | 4 | |u http://www.loc.gov/catdir/toc/wiley022/97007933.html |3 Table of contents | |
856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008139840&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
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883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk |
Datensatz im Suchindex
_version_ | 1804126624216514560 |
---|---|
adam_text | Contents
CHAPTER 1 INTRODUCTION 1
Topics Addressed in This Book 3
Recruitment and Hiring 3
Turnover 4
Downsizing 4
Motivating Workers to
High Levels of Productivity 4
Teams 4
Work Life Considerations 5
Evaluation 5
Benefits 5
Authority 6
Task Assignments 6
Advanced Reading 6
CHAPTER 2 SETTING HIRING STANDARDS 9
The Trade Off between Highly Skilled
and Less Skilled Workers 11
An Example: Comparing High
School Graduates to College
Graduates 12
The General Principle for Selecting
Skill Standards 14
Ratios, Not Levels, Are Key 16
The Firm s Financial Condition 17
Foreign Competition and Labor
Markets 18
The Choice of Skill Variables 20
Describing the Production Technology 20
Scenario 1: Production Independent
Across Workers 21
Scenario 2: Workers Productivity
Depends on the Skills of
Other Workers 21
Scenario 3: Independent Production
Across Workers Workers
Interact with Capital 23
Availability of Workers 25
Local Labor Markets 25
Specific Labor 25
Determining the Number of Workers
to Hire 26
xi
xii • Contents
Making Decisions when Data are Not Easily
Obtained 27
Choose a Solution Independent of
Analysis 27
Estimating the Relevant Numbers 27
Experiment 28
Hiring Risky Workers 29
Coordination Issues 34
Recap 34
References 36
Appendix 36
CHAPTER 3 HIRING THE RIGHT PEOPLE 45
Self Selection 47
Screening 47
Contingent Contracts 49
A More Sophisticated Contingent
Contract 50
Monitoring Costs and Workers
Sorting in More Detail 56
Sorting 63
An Additional Example of Adverse
Selection 64
Recap 66
References 66
Additional Advanced Reading 67 ,
Appendix 67
CHAPTER 4 LEARNING A WORKER S PRODUCTIVITY 73
Who Knows What? Asymmetric Information
Or Symmetric Ignorance 75
Determining A Workers Productivity 76
Example 1: Productivity Easy to
Determine 76
Example 2: Productivity Harder to
Determine 78
Different Divisions: The Assignment Problem 81
Public or Private Information? 85
Does Screening Affect A Firm s Ability to
Attract Applicants? 87
Recap 89
References 90
Additional Advanced Reading 90
Appendix 91
CHAPTER 5 VARIABLE PAY OR STRAIGHT SALARY 97
Payment by Input Versus Payment by Output 98
Output Based Pay 100
Screening Workers 100
Using Incentives 101
Example I: Taxidriver s
Compensation 101
Contents • xiii
Example 2: Salesperson s
Commission 105
Reality versus Theory 111
One Hundred Percent Commission
Rates 112
Capital Distortions 113
Hybrid Schemes 114
Input: Time Based Pay 115
Cost Advantage in Measurement 115
Quantity versus Quality 115
Cost Plus versus Fixed Payment for
Projects 118
Appropriate Time Unit 118
Risk Aversion 119
Intermediation 120
Short Run and Long Run Incentives 121
Compensating Through Stock
Appreciation 122
Promoting Long Run Performance 122
Paying for Input and Instructing Managers
to Put Appropriate Emphasis on
the Long Run 123
Recap 123
Putting the Analysis to Work 124
References 126
Additional Advanced Reading 126
Appendix 127
CHAPTER 6 THE THEORY OF HUMAN CAPITAL 133
Human Capital: Some Basic Theory 135
Formal Schooling 136
An Example: Choosing Whether to Stay
in School 136
Effects of Costs and Benefits of Education
on the Optimal Amount of
Schooling 138
Bridging the Theory and the Real
World 141
Non Pecuniary Benefits of Schooling 141
On Tbe Job Training 142
General On the Job Training 143
An Application of General On the
Job Training 146
Firm Specific On the Job Training 152
The Choice Between Job Specific
And General Training 155
Some Legal Issues of Hiring 159
Additional Points 159
Determining Specificity of Human Capital 159
Using the Marriage Metaphor 160
Recap 161
References 163
jdv • Contents
Additional Advanced Reading 164
Appendix 164
CHAPTER 7 TURNOVER, LAYOFFS AND BUYOUTS 167
Turnover: Is It Desirable? 169
Combining Senior and Junior Workers 169
Specific Human Capital 172
Buyout or Layoff? 175
Buyout Formulas 176
Selective Layoffs, Buyouts, and
Specific Policies 188
Firm Specific Human Capital 188
Productivity Differences 188
Implementation 189
Window Plans 189
Retirement Bridges 190
Job Placement Services 190
Recap 191
References 192
Additional Advanced Reading 192
Appendix 193
CHAPTER 8 INFORMATION, SIGNALLING AND
RAIDING 195
Signalling Productivity 196
Schools A Social Evil 202
Schools A True Benefit 203
Signalling is not Applicable 203
Education: A Very Expensive
Signal 203
Contingent Contracts 203
Schools A Less Extreme View 204
Some Evidence 204
The CPA: An Application of the
Theory 205
Raiding Other Firms; Benefits and Pitfalls 209
Offer Matching 214
Compensation with Nonpecuniary
Component 216
Undervalued Workers 217
Recap 217
References 218
Additional Advanced Reading 218
Appendix 219
CHAPTER 9 PROMOTIONS AS MOTIVATORS 223
The Tournament Model 225
Salary Structure and Effort 227
Luck 231
Comparisons 236
Tournaments and the Organizational Chart 238
Empirical Evidence 241
Contents • xv
Absolute Performance and Relative
Performance 243
Sorting 245
Heterogeneous Work Forces 247
Skewed Salary Structures 247
Internal Promotion Versus Hiring Outsiders 248
Recap 249
References 252
Additional Advanced Reading 252
Appendix 252
CHAPTER 10 INDUSTRIAL POLITICS 259
Tournaments and Competition 261
Rewards Structure and Worker
Cooperation 262
Mix or Match? 264
Self Sorting 266
Other Solutions 268
Introducing Competition Among
Workers of Different
Teams 268
Pay on the Basis of Team Output 269
Rewards for Cooperation 269
Who Succeeds 270
Evidence: The Case of Tool
Sharing 271
Other Aspects of Industrial Politics 271
Fairness 271
Guaranteed Tenure 272
Politics in the Absence of Relative
Performance 273
Recap 275
References 275
Additional Advanced Reading 276
Appendix 276
CHAPTER 11 SENIORITY BASED INCENTIVE SCHEMES 281
Seniority and Incentives: A Model 283
Work or Shirk? Creating Incentives to Work 285
The Worker as Lender 286
Bankruptcy and Default Risk 287
Inappropriate Work Decisions and
Mandatory Retirement 289
Uses of Upward Sloping Age Earning
Profiles as Motivators 292
Output Costly to Measure
Directly 293
Tournament Style Rewards
Effective 293
Frequency of Termination 293
Use of Actual Profiles 294
Uniformity of Wage Changes 294
xvi • Contents
An Application of the Theory 295
Recap 298
References 299
Additional Advanced Reading 299
Appendix 300
CHAPTER 12 TEAMS 303
The Use of Teams 304
Free Rider Effects 305
When to Use Teams 307
Other Direct Benefits of Team
Production 310
Specialization and Teams 310
Knowledge Transfer in Teams 310
Team Size and Productivity 313
Calibrating the Free Rider Effect 314
Incentives in Teams 315
Explicit Rewards 315
Teams Bonuses 316
Profit Sharing 316
Stock and Stock Options 317
Put Options 323
Implicit Reward 325
Norms 326
Other Aspects of Team Production 328
Rotating Team Members 329
Judging Others Must Be Compensated 330
Cooperation with Teams versus
Competition Between Teams 331
Choosing Teams and Team Members 332
Alternating Draws 333
Bidding for Members 333
An Application: Salmon Fishing
In Alaska 334
Worker Owned Firms 335
An Application: Lumber Cooperatives
In the Pacific Northwest 335
Recap 338
References 339
Additional Advanced Reading 340
Appendix 340
CHAPTER 13 MORE ON THE EMPLOYMENT RELATIONSHIP:
OUTSOURCING, CONTRACTS, FRANCHISING,
AND MORE 345
Outsourcing 346
Accounting 350
Special Interests 353
Cost Plus Versus Project Based Pay 354
Franchising 356
Money and Incentives 358
Contents • xvii
An Application: Safelite Glass 358
Background 358
Some Economic Theory 359
The Results 361
Using Other Schedules 363
Quality Problems 364
Supervision 364
Competition 364
Output Isn f Profit 364
Organization of the Firm 365
Bonuses or Penalties? 365
Retaining Critical Workers: A High Tech
Application 369
An Application: The Real Estate Market 371
Recap 374
References 375
Additional Advanced Reading 375
Appendix 376
CHAPTER 14 NONMONETARY COMPENSATION 377
Money Isn t Everything, But It Is the
Best Metric 379
Converting Nonmonetary Attributes
To Monetary Equivalents 380
Heterogeneous Preferences 387
Regression Coefficient as a Bound 390
Regression Estimates Reflect Market
Value 390
Preference Continuum Smooths
Regression Line 390
Desirable and Undesirable Job
Characteristics 392
Measurement Problems 393
Perspective of Marginal Workers 393
Indexes 395
Subjective Rating 396
Index Subjectivity 397
Choosing the Right Scale 398
Comparability 400
Recap 402
References 402
Additional Advanced Reading 403
Appendix 403
CHAPTER 15 BENEFITS 409
Wages Versus Benefits 411
Cafeteria Plans 414
Benefits and Sorting 415
Adverse Selection 418
Pension Benefits 418
Plan Types 419
xviii • Contents
Pensions and Turnover 422
Vesting 428
Portability 429
Pension Risk 432
Funding Pension Benefits 434
Social Security 435
Paid Time Off 436
Recap 438
References 439
Additional Advanced Reading 439
Appendix 440
CHAPTER 16 THE JOB: TASKS AND AUTHORITY 441
What Is a Job? 442
Tasks 442
Rule 1 443
Rule 2 444
Which Tasks Does the Firm Take
On? 444
Multitasking and Multiskilling 445
Re engineering 447
Which Tasks Go Together 449
Other Ways to Think About Jobs 451
The Job as a Wage 451
The Job as an Opportunity for
Training 452
The Job, Authority, and
Responsibility 452
Small Upside, Large Downside 457
Large Upside, Small Downside 458
Symmetric Payoffs 460
Investing in Information 460
An Application: Air Traffic Routes 461
Fit the Person to the Job or the Job to the
Person 465
Stability over Time 466
Change the Managers 467
Recap 467
References 468
Additional Advanced Reading 469
Appendix 469
CHAPTER 17 EVALUATION 477
Goals of Evaluation 478
Rules of Evaluation 479
Frequency of Evaluation 479
Rule I 480
Rule 2 480
Using Evaluations to Motivate 481
Rule 3 483
Rule 4 483
Contents • xix
Value of Evaluation and Probability of
Success 483
Up or Out: One Use of Evaluation 486
Transfers and Promotions 488
Absolute Is Relative 489
Favoritism and Bias 491
Who Should Evaluate Whom? 492
Evaluations and Experience 495
Duration of the Probationary Period 498
Recap 499
References 500
Additional Advanced Reading 501
Appendix 501
CHAPTER 18 WORKER EMPOWERMENT 505
Communication from Management to Workers:
Open Book Management 507
Communication from Workers to Management 510
Empowerment and Earnings Profiles 513
Worker Empowerment and Creativity 514
The Decision to Empower Workers 517
An Application: A Union Organizing Campaign 521
Recap 523
References 524
Additional Advanced Reading 525
Appendix 525
GLOSSARY 530
INDEXES 533
LIST OF AUTHORS 538
|
any_adam_object | 1 |
author | Lazear, Edward P. 1948-2020 |
author_GND | (DE-588)122476778 |
author_facet | Lazear, Edward P. 1948-2020 |
author_role | aut |
author_sort | Lazear, Edward P. 1948-2020 |
author_variant | e p l ep epl |
building | Verbundindex |
bvnumber | BV012025165 |
callnumber-first | H - Social Science |
callnumber-label | HD30 |
callnumber-raw | HD30.22.L39 1998 |
callnumber-search | HD30.22.L39 1998 |
callnumber-sort | HD 230.22 L39 41998 |
callnumber-subject | HD - Industries, Land Use, Labor |
classification_rvk | QV 570 QV 578 CW 4700 |
classification_tum | WIR 700f |
ctrlnum | (OCoLC)845431190 (DE-599)BVBBV012025165 |
dewey-full | 658.3 658.321 |
dewey-hundreds | 600 - Technology (Applied sciences) |
dewey-ones | 658 - General management |
dewey-raw | 658.3 658.3 21 |
dewey-search | 658.3 658.3 21 |
dewey-sort | 3658.3 |
dewey-tens | 650 - Management and auxiliary services |
discipline | Psychologie Arbeitswissenschaften Wirtschaftswissenschaften |
format | Book |
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genre_facet | Lehrbuch |
id | DE-604.BV012025165 |
illustrated | Illustrated |
indexdate | 2024-07-09T18:20:25Z |
institution | BVB |
isbn | 0471594660 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-008139840 |
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physical | XIX, 538 S. graph. Darst |
publishDate | 1998 |
publishDateSearch | 1998 |
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publisher | Wiley |
record_format | marc |
spelling | Lazear, Edward P. 1948-2020 Verfasser (DE-588)122476778 aut Personnel economics for managers Edward P. Lazear New York [u.a.] Wiley 1998 XIX, 538 S. graph. Darst txt rdacontent n rdamedia nc rdacarrier 2. Aufl. u.d.T.: Lazear, Edward P.: Personnel economics in practice Administración de personal Capital humano Economía gerencial Economía laboral Managerial economics Labor economics Personnel management Human capital Personalwesen (DE-588)4076000-5 gnd rswk-swf Arbeitsökonomie (DE-588)4322126-9 gnd rswk-swf Personalpolitik (DE-588)4045269-4 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content Personalpolitik (DE-588)4045269-4 s DE-604 Personalwesen (DE-588)4076000-5 s Arbeitsökonomie (DE-588)4322126-9 s 1\p DE-604 Fortgesetzt durch Lazear, Edward P. 2. Auflage 2009 Personnel economics in practice 978-0-471-67592-1 (DE-604)BV035069804 http://www.loc.gov/catdir/description/wiley033/97007933.html Publisher description http://www.loc.gov/catdir/toc/wiley022/97007933.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008139840&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Lazear, Edward P. 1948-2020 Personnel economics for managers Administración de personal Capital humano Economía gerencial Economía laboral Managerial economics Labor economics Personnel management Human capital Personalwesen (DE-588)4076000-5 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Personalpolitik (DE-588)4045269-4 gnd |
subject_GND | (DE-588)4076000-5 (DE-588)4322126-9 (DE-588)4045269-4 (DE-588)4123623-3 |
title | Personnel economics for managers |
title_auth | Personnel economics for managers |
title_exact_search | Personnel economics for managers |
title_full | Personnel economics for managers Edward P. Lazear |
title_fullStr | Personnel economics for managers Edward P. Lazear |
title_full_unstemmed | Personnel economics for managers Edward P. Lazear |
title_new | Lazear, Edward P. Personnel economics in practice |
title_short | Personnel economics for managers |
title_sort | personnel economics for managers |
topic | Administración de personal Capital humano Economía gerencial Economía laboral Managerial economics Labor economics Personnel management Human capital Personalwesen (DE-588)4076000-5 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Personalpolitik (DE-588)4045269-4 gnd |
topic_facet | Administración de personal Capital humano Economía gerencial Economía laboral Managerial economics Labor economics Personnel management Human capital Personalwesen Arbeitsökonomie Personalpolitik Lehrbuch |
url | http://www.loc.gov/catdir/description/wiley033/97007933.html http://www.loc.gov/catdir/toc/wiley022/97007933.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=008139840&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT lazearedwardp personneleconomicsformanagers |