Economic methods of personnel management

Author: Dong Zhiqiang
Publisher:
Publish Date: 2004-01-01
Features: This is the first Personnel Economics book in China written by the author. In many top business schools worldwide, PE has become a core course in MBA education. Its strong application-oriented nature has also made it quickly accepted by the business community, becoming a tool to guide decision-making for corporate leaders and HR presidents. The book explores the application of economic methods in the field of personnel management.
Employee Recruitment: Discusses the adverse selection risks in employee recruitment due to information issues and how to prevent recruitment risks at the systemic level.
Wages and Compensation: Explores the basic forms of compensation contracts and how to choose among various types of compensation contracts.
Incentives: Discusses the general principles of incentive mechanisms and the operational mechanisms and pros and cons of various incentive mechanisms that can be chosen within a company.
Training and Development: Explores the value of corporate training and the impact of different types of training on the investment in human capital, thereby establishing general principles and policy choices for corporate training.
Teams: Discusses the conditions, benefits, and costs of team production, as well as how to design compensation contracts and guide work norms to effectively manage teams for good performance.
Performance Appraisal: Explores the economic perspective on performance appraisal and solutions to specific issues such as performance indicators, performance benchmarks, and biases.
Decentralization and Empowerment: Discusses the conditions for corporate decentralization and empowerment, as well as how to divide management power, allocate decision-making authority and decision control rights, and effectively empower teams and determine the optimal level of empowerment.
Organizational Structure: Explores the criteria for judging the optimal organizational structure, the basic principles of organizational structure design, and how to use economic methods to help successfully implement organizational change.