Personnel Economics in Practice, 2nd Edition
September 2008, ©2009
The goal of this text is to give the reader a rigorous framework for understanding organizational design and the management of employees. Not only will students learn and apply ideas from microeconomics, but they will also learn principles that will be valuable in their future careers.
Part One: Sorting and Investing in Employees.
Chapter 1: Setting Hiring Standards.
Chapter 2: Recruitment.
Chapter 3: Investment In Skills.
Chapter 4: Managing Turnover.
Part Two: Organizational and Job Design.
Chapter 5: Decision Making.
Chapter 6: Organizational Structure.
Chapter 7: Job Design.
Chapter 8: Advanced Job Design.
Part Three: Paying for Performance.
Chapter 9: Performance Evaluation.
Chapter 10: Rewarding Performance.
Chapter 11: Career-Based Incentives.
Chapter 12: Options and Executive Pay.
Part Four: Applications.
Chapter 13: Benefits.
Chapter 14: Entrepreneurship and Intrapreneurship.
Chapter 15: The Employment Relationship.
Michael Gibbs is Clinical Professor of Economics at the University of Chicago Graduate School of Business. Gibbs earned his PhD in Economics from the University of Chicago. He is a leading empirical researcher in the field of personnel economics, and has received awards for excellence in research and teaching.
- Presents the most rigorous analyses of traditional general management questions available, yet with emphasis on practical application of the ideas.
- Uses many real-world and up-to-date examples, including some data from the authors’ research.
- Written at a level that is appropriate for MBA students, undergraduate economics majors, or human resource students. Many chapters have appendices with advanced analyses.
- Instructor’s Companion Website – Password protected website www.wiley.com/college/lazear offers instructors a complete package of teaching resources including: Teaching notes and additional resources, Sample exercises, and PowerPoint lectures
- The title is divided into four core sections:
- Section I: Sorting & Investing in Employees. This section covers recruitment, development and turnover of employees.
- Section II: Organizational & Job Design. This section covers organizational structure and job design.
- Section III: Paying for Performance. This section is material that is quite familiar to economists, and will be useful in a wide variety of courses, since the economics of incentives is an important component of much of economics and business curricula.
- Section IV: Applications. The text concludes with three chapters applying the concepts to specific topics.
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