* How do you recruit the best employees? * How does a firm go about downsizing? * How important is money relative to other factors? * How and when should evaluations be conducted? * How should stock options be structured to maximize incentives? How are training and turnover linked? * Should you reward good performance or penalize bad performance? In this new book, Personnel Economics for Managers, Professor Lazear answers these and many other personnel management questions. His unique approach, using economics to explore human resource topics, builds human resource systems as an entire structure with no one department independent of another. After reading this book, you will finally have a detailed analysis in a field that has traditionally lacked the resources to back up theories and statements.
I'm currently a student at UCSD working towards his Economics degree. There are a ton of boring Econ classes at our school but I must say that this class, Human Resources, was very interesting, thanks to this book (and our dear professor Julian Betts)!This book covers some interesting topics. They include:1) Whether a firm should pay it's workers a commission or piece rates.2) Whether a firm should screen it's job applicants and when would it be best to do so.3) How to deal with turnover rates to maximize firm profits.I'm sure there are many books that cover these topics but this book makes reading so effortless and fun because the author explains these concepts so clearly! I highly recommend this book!!!
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