Product Description

∗ 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.

Product Details

• Amazon Sales Rank: #246427 in Books
• Published on: 1997-07-25
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 529 pages

From the Back Cover
∗ 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.

About the Author
Edward P. Lazear, senior fellow at the Hoover Institution of War, Revolution and Peace since 1985, is also the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford University′s Graduate School of Business. Current and founding editor of the Journal of Labor Economics, and past president of the Society of Labor Economists, Professor Lazear is the visionary leader in the field of human resource management.

Customer Reviews

Personnel Economics from "the horse's mouth"
Personnel Economics is a relatively new area of labour economics. Although quite a few of the major articles (theoretical) was written back in the late 70s early 80s, "Personnel Economics" didn't exist as a sub-category of economics until about the mid-90s. This is the first book on PE that can be used as a text.

In this book, Lazear guided us through many interesting ideas and theories that are now grouped together under this new category without going into too much details. This includes: Tournament Theory, Fixed vs Variable Pay, Work Life Incentive Schemes... etc.. If you're interested in understanding how incentives are created by a promotion scheme, why are there tenure positions in universities, why are CEOs paid a disproportionate amount of salary compared to all other workers in the big companies, then this is the book for you.