Personnel Economics for Managers

by EdwardP.Lazear (Author)

• Used

  Hardcover
  1997

  $3.26

  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.

• Used

  Hardcover
  1996

  $5.10

  Contrary to popular opinion, human resources, in general, and personnel, in particular, are well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel economics, provides a quick introduction for economists who have not studied the area. He clearly and engagingly summarizes his and others' work that has taken place during the past fifteen years, including recent advances in the field. Mainstream economic theory has been considered too abstract to be of much practical use in the hiring, organizing, and motivating of employees, leaving the field of personnel to industrial psychologists and sociologists. In this book Edward Lazear shows that economic analysis can be extended to an important, but traditionally neglected, class of practical problems. He shows that by adding more detail and structure to their theory, economists can make specific predictions and prescriptions for personnel issues that arise in business on a daily basis. Lazear focuses on compensation and its relation to worker motivation, selection, and teamwork. He also discusses job design, job evaluation, institutional arrangements, and directions for future research.