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Hrmt 386 telephone quiz docx 1

Hrmt 386 telephone quiz docx 1

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Telephone quiz and final exam study

Unit 1

1. Why do organizations and individuals enter into an employment relationship?

There are a few different reasons organizations and individuals enter into employment relationships.

One relationship is an economic relationship. Employers hire workers to accomplish tasks. In this way,

employment is an economic relationship: there is an exchange of value between the worker and the

employer. The workers agree to provide their time and skills (i.e., their labor) to the employer in exchange

for remuneration (i.e., wages and benefits). Workers enter into this relationship, because the majority of

people need to exchange their labor to acquire money by which to purchase the necessities of life. The

agreement that workers strike with employers is called the wage-rate bargain. The wage-rate bargain

begins in a labor market, employers buy workers and workers sell themselves. Workers that are skilled in

an area that the employer needs will receive a higher benefit from the employer than an unskilled worker

will. After the agreement is struck, the employer is responsible to get the desired production from the

employee. This is the wage-effort bargain. Employers want lots of output at a minimal cost and employees

want maximum wages with a minimum workload.

Canada has a capitalist economy. It is characterized by private ownership of capital, allocation of

resources and profit motive. The duties and obligations of the employer and employee are asymmetrical:

the employer issues orders, and the employee obeys them. If the employer is not making a profit, they face

pressure to maximize the output and cheapen the labor to decrease expenses. This is usually done at the

cost of the employee by wage cuts or downsizing. Employers’ interests lie in maximizing profits, while

workers’ interests lie in maximizing wages and controlling their conditions of work.

Employment is a method of organizing work. There are alternatives available to employers like

independent contractors, unpaid workers (also known as slaves), part time, temporary and casual. This

type of employment may be beneficial to employers as they can often pay less in wages and benefits.

Nonstandard forms of employment are mostly held by women, immigrants and minorities. In many cases

they are taken advantage of by the employer as they may be unskilled.

Another employment relationship is a social relationship. The employee agrees to accept the rules and

direction of the company, the managers and the culture. For some people, work is a way to socialize and

be involved with the community. This may be more important than the remuneration depending on the

person and position.

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2. What does the word resource in the term human resource management suggest about the nature of

the employment relationship?

The word resource in the term “Human Resource Management” implies that employees are a valuable asset to

the employer. A resource is an asset that can be drawn on by a person or organization to function correctly.

Human resource management are practices and policies that influence an employees behavior and performance

so work can be completed as efficiently as possible. Employees are typlically an organizations most valuable

resource in terms of their training, experience, intelligence and judgement. – the employee characteristics can

add economic value to the organization. for an organization to succeed at what it does, it needs employees with

certain qualities, such as particular kinds of skills and experience. This view means employees in today’s

organizations are not interchangeable or easily replaced but the source of the company’s success or failure. By

inFuencing who works for the organization and how those people work, human resource management

therefore contributes to such basic measures of a organizations success as quality and pro±tability Human

resource management is critical to the success of organizations, because human capital has certain qualities

that make it valuable. In terms of business strategy, an organization can succeed if it has a sustainable

competitive advantage. However, when an organiztion has financial trouble, layoffs are usually first, which

means that the company will cut there greatest asset. The employees that have the least training and experince

are usually the first cut, and the employees with the most experience and training are last chosen. This may not

always be the case though, depending on salaries, an employee that may have the same skill set, but not quite

the same experience may be chosen over someone with more.

There are some companies that believe keeping your employees happy will benefit the company as a happy

employee will be more productive and a better resource.

3. What explains the persistent wage gap between men and women?

There are many ways women are disadvantaged in employment relationships. One way is the persistent wage

gap between men and women in the same position. According to the text book, men on average have more

education, experience and hours dedicated to their career, but this still doesn’t explain the wage gap between a

man and a women with equal education and experience. Many women work just as hard, if not harder to prove

that they can do the job just as well as their male counterpart, but still are overlooked for promotions, paid less

and work more. This is a form of discrimination, but employers often come up with an excuse as to why it is

not.

Occupational differences also explain the wage gap. In Alberta, many people are employed by the oilfield

industry. This is normally a male dominated industry. This industry often offers a living wage to maintain

employees when they are not working. It also often offers subsistence pay for work performed out of the area

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Telephone quiz and final exam study Unit 1 1. Why do organizations and individuals enter into an employment relationship? There are a few different reasons organizations and individuals enter into employment relationships. One relationship is an economic relationship. Employers hire workers to accomplish tasks. In this way, employment is an economic relationship: there is an exchange of value between the worker and the employer. The workers agree to provide their time and skills (i.e., their labor) to the employer in exchange for remuneration (i.e., wages and benefits). Workers enter into this relationship, because the majority of people need to exchange their labor to acquire money by which to purchase the necessities of life. The agreement that workers strike with employers is called the wage-rate bargain. The wage-rate bargain begins in a labor market, employers buy workers and workers sell themselves. Workers that are skilled in an area that the employer needs will receive a higher benefit from the employer than an unskilled worker will. After the agreement is struck, the employer is responsible to get the desired production from the employee. This is the wage-effort bargain. Employers want lots of output at a minimal cost and employees want maximum wages with a minimum workload. Canada has a capitalist economy. It is characterized by private ownership of capital, allocation of resources and profit motive. The duties and obligations of the employer and employee are asymme ...
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