In the article, the author concludes that the best approach to value human life is the Willingness to Pay Approach. The author notes that the willingness to Pay Approach accounts for the shortcomings of the Human Capital approach. Basically, the willingness to pay approach determines the value of life-based on the individual’s willingness to pay for the small reductions in the instances whereby the individual would die. The wiliness to pay is based on the choices that the individual makes such as indulging in behaviors such as drinking, smoking. Additionally, the value of life can be based on ...
Human Capital Article Reviews Samples For Students
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For rural dwellers, urban environment has always presented unique challenges and fascinations. This is primarily because of the reason that urban life offers more opportunities to its residents, both in terms of finances as well as chances to growth. There was a time when the rural people use to move, putting it more technically migrated, to urban areas in search of better job opportunities, thus getting access to higher wages. There is a concept of wage premium that is linked with big metropolitan cities. It is precisely this concept working behind the notion that the earnings of workers tend to be ...
-The question of Human Capital
The article by Nanette Byrnes considers an important question relating to everyone’s financial lives (Byrnes, 2010, p. 1). The question is, can people be stock like or bond like in their characteristics. The article points out these characteristics as the age of the person, job type that a person has, whether this job can be affected by volatility in the stock markets etc. Hence the issue being inspected is ‘Diversification’ in investment. While considering where to invest; wealth management gurus stress the need to diversify. Traditionally, this exercise includes allocating resources to different ...
Executive Summary
Talent management in any institution is a key concept that should be totally differentiated from human resource management. This is because proper talent management leads to increased productivity and loyalty among the employees. The article “Strategic Talent Management: A review and research agenda”, Human Resource Management Review, 19: 4, 304–313” by Collings, D.G. and Mellahi, K. (2009) helps to shed light on the issue of talent management and human resource management.
The following report analyses the views and issues raised by the authors by looking at the validity and reliability of the research methods used by the authors, ...
Abstract:
The article investigates how human capital investment affects distribution of wealth in short as well as well long term in various economies. The article reflect current credit market pattern and individual investment in gaining competencies and knowledge to perform labor which impact wealth distribution. The article further investigates per capita output differences in various countries and also examines differences in various countries economic to adjust variation in earnings distribution and wealth.
Introduction:
The Article “Income Distribution and Microeconomics” by Oded Galor and Joseph Zeira provides a detailed explanation on how distribution of wealth influence economic activities in short term and long ...
Have you ever developed an e-portfolio for various gains? Wentworth Institute of Technology has taken its learning process to another level. As a mandatory, students undertaking Bachelor of Science and Management students are required to develop an e-portfolio at the freshman year throughout to the final year in the institution. An e- portfolio constitutes a student's resume, profile pictures, and much more personal details and can be used for social as well as professional purposes. The Journal of Human Development thus gives a deep insight on the importance of e-portfolios and goes further to identify the net worth of ...
Part 2: A Different Mirror [Chapter 1]
Rather than an unfolding, sanitized look at America’s historical past leading to its present in terms of ethnic diversity, Takaki takes the reader on a mini lecture-tour across time. In the chapter discussion he re-routes the audience to consider that the ideals and decisions of the U.S. forefathers (i.e. Thomas Jefferson) held the initial power and responsibility to establish the tone, power structure and belief of what evolved to become ‘American’ culture. Takaki agrees that the “narrow” focus “widely shared” is a generally accepted sense that an ‘American’ is a so-called designated ‘white’ person having descended from an Anglo Europe. The ...
Review of “Industrial and Commercial Training”
The study indicates that 21% of the companies with at least 500 workers prefer providing online learning opportunities for their workers. The paper expresses that the human resources managements, in general, are still suspicious about the efficiency of online learning programs for the workers. Only 30% of the companies those provide online learning opportunities for their workers express that they have received positive results from the online learning programs, and the rest of the companies indicate that they need relatively more time to make a certain decision whether the online learning programs have positive results (Kirkup, 2014).
The paper ...
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Fiscal Policy – Aggregate Demand and Aggregate SupplyIntroduction
In managing the economy, the government may opt to carry out a fiscal policy. Fiscal policy comprises of expenditure and taxes and at times borrowing by the government. Provision of public goods is a government’s duty. A public good is a good that the private sector fails to provide either because of the fewer rewards derived from such investments or simply because of the high cost of investment in such projects (Creel 2009, pg. 141). It is thus a role of the government ensure that the citizen enjoy these goods and services. In financing ...
Introduction
This paper aims at critically analyzing the role played by the knowledge possessed by nurses and how it helps in the delivery of services in health cares. The research also seeks to highlight the importance of the resources used by nurses to acquire the much-needed knowledge (Barker, 2009). The staffing crisis problem occurs when knowledge in the provision of care is limited in nursing. When nurses lack inadequate knowledge in providing care, it is equal to not having enough staff. The costs of healthcare are very high, which means that patients need to get the best form of care ...
Citation
The article to be reviewed in this paper is “Human Resource Management: Employee Benefit and Compensation” by Toy McKinsley. The article expounds on the several policies touching on rewarding and remuneration of employees. This scholarly article further points out the importance of Benefit and Compensation as a discipline in the expansive Human Resources Management study. The article defines compensation and wages as different terms that determine an employee’s pay or rather what an employee takes home after committing his or her services to the organization in its quest to achieve its objectives and goals. The benefits and compensation are ...
The article entails a research conducted to determine the core factors responsible for the flourishing career of USAFA. The results deduced from the research are not just confined to Air force academy of U.S rather its implications are equally useful in other sectors. All the researches that have been previously carried out kept only the syllabus and subjects taught at the academy under focus, none of it ever dealt with the predetermining factors responsible to give cadets at academy a satisfying and progressing career. The fundamental indicator of any promising academy is the performance of its cadets at work. Article has ...
Publisher Information: Socyberty
Introduction
Employee motivation is one of the most crucial components of the success of any business or organization. Employers invest in their human resource in order to build an organization’s capacity to overcome adverse effects on its operational capacity especially with regards to periods of low business operation or absence of business opportunities. (Glassvisage; Hacker; Herubudiarto; Holt, M; Demand Media, present some major communication methods through which an organization’s executive committee can promote good business ethic and professional management of internal issues in order to promote internal relationships that form support structures necessary for overcoming an organization’ ...