Chapter 06 - Lecture Outline

Chapter 06 - Lecture Outline - Chapt er Six L abour Demand...

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Chapter Six Labour Demand, Nonwage Benefits, and Quasi- Fixed Costs Chapter 6 1
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Components of Total Compensation Chapter 6 2
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Canadian Compensations Over Time Chapter 6 3
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Quasi-Fixed Labour Costs Independent of the number of hours worked Arise from: hiring costs training costs dismissal costs nonwage benefits Chapter 6 4
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Quasi-Fixed Costs Impact the employer's decisions on: work schedules part-time work overtime work hiring and layoff decisions unemployment Chapter 6 5
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Nonwage Benefits and Total Compensation Fastest growing components: pension legally required payments Chapter 6 6
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Nonwage Benefits vs. Wages Why wouldn’t employees prefer wages over nonwage benefits? Generally not taxed Economies of scale for group purchases Perception that they are free Ease of purchase Chapter 6 7
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Employer’s benefits: Planning of production process reduce need for contingency plans for
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Chapter 06 - Lecture Outline - Chapt er Six L abour Demand...

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