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Denis Collins believes that participatory management systems are inevitable in democratic societies because they are ethically superior to authoritarian management systems. Managers must begin to share decision making and economic outcomes with their employees if they want to obtain long-term efficiency and effectiveness in a competitive business environment. Changes in power relationships are bound to occur in the transitional period, Collins reports,...
Author
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"Ricardo Semler's favorite question is "Why?" Why do people routinely bring work home on the weekends but never go to the movies on a Monday afternoon? Why do we need to sit at the same desk every day? Why do we have to fill out time sheets or need an HR department to file them? Why are we interviewed by our bosses but never get to interview someone who wants to be our boss?" "For the last twenty years Semler has been doing a lot more than asking...
Author
Description
This text provides an introduction to personnel economics, showing how economists can make specific predictions and prescriptions for personnel issues that arise in business on a daily basis. The author focuses on compensation and its relation to worker motivation, selection and teamwork.
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