Mingming Zhang ECON 220 Assignment 7-1 What causes an economic downturn? What causes an economic downturn? An economic downturn defines as the economy being in recession‚ which is a period of time that economic‚ won’t grow or even falling. The definition of an economic downturn is less strict than recession. In the economic downturn period‚ the growth rate will slow down. We can see the house prices falling down and a lot of people lose their jobs. There are some features of an economic downturn:
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Using rewards to motivate employees. How to pay: rewarding individual employees to variable pay programs Types of pay programs Piece-rate pay Merit based pay Bonuses Skill based pay Profit sharing plans Gain sharing Employee stock ownership plans Evaluation of variable pay Piece rate pay Provides no base salary and pays the employees only for what the one produces. E.g. ball park workers Limitations are that they are not feasible for many jobs Profit sharing plans
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CHECKPOINT: MOTIVATING EMPLOYEES A manager can motivate an employee by using both intrinsic and extrinsic motivation‚ depending on the type of employment. Finding ways for the employees to actually enjoy their job is probably the best way to motivate. Typically‚ if an employee enjoys their job‚ they are more likely to perform their job more efficiently. If it’s a job that is hard to find ways to make more enjoyable‚ using extrinsic motivation such as a higher pay or rewards upon performance
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mo Motivating Employees Motivating Employees In today’s professional world an important part of business education is motivational theory; the motivation of employees will be discussed in this paper both intrinsic and extrinsic‚ I will explain how management can motivate their employees. Many things come into play when you get a job; some people know when they are hired that they should do their best‚ because that’s what is to be expected from them. Other people when they are hired feel
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getting better results from the organization‚ teams and individuals by understanding and managing performance within an agreed framework of planned goals‚ standards and competing requirements. It is a process for establishing shared understanding about what is to be achieved‚ and an approach to managing and developing people in a way which increases the probability that it will be achieved in the short and long term. It is owned and driven by management. Clearly‚ then‚ organizations are always seeking
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Athletes or Employees Student athletes receive scholarships for their skill set and ability to play at the collegiate level‚ while employees receive stability‚ income and benefits for their skill set and ability to contribute to the work place. Athletes as well as persons in the work force deal with adversity that directly affects there lives‚ yet only members of the workforce are rewarded with a source of income. It could even be said‚ athletes are under more pressure to perform due to not only
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Sibling rivalry will always occur in a household of more than one child whether through comparison‚ fighting‚ jealousy‚ or by other means. Parents and children both contribute to the rivalry. It will occur on a daily‚ weekly‚ and even an hourly basis. Sibling rivalry may become difficult and annoying to parents‚ but they must deal with it day after day. In definition‚ sibling rivalry is when one sibling or more compete with one another or try to emulate each other .Rivalry is different from fighting
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What Is a Cause-Effect Essay? Unit 4 Jose R. Pineda Mrs. Bennet Group Chapter 4 What is a cause and effect essay? • A cause and effect essay shows the reader the • relationship between something that happens (cause) and its consequences (effect)‚ or between actions and results. There are different kinds of cause and effect essay for example: Informative‚ analytical and insightful. Types of cause and effect essay • In this unit we are going to study only 2 types of cause and effect essay. •
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What Causes Students to Fail a Course? Students failing courses has become much more common now. The advanced world that we live in now is full of many distractions such as Internet‚ social networking‚ social life‚ and etc. Many students are more interested in what is more popular in society rather than their education that will help them towards a successful future. With these distractions being everywhere it causes many students to fail courses. Failing is the lack of performance of something
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What really causes Osteoporosis? The first thing is it is very common in women but not really for men‚ but they too can get Osteoporosis to. Another thing is when women stop menstrulating Bone loss will start to happen then after that there Estrogens leve start to go down really fast. Younger women that went through menopause cause of sports or they are anoxria are more likely to get Osteoporosis‚ the reason is they are slowly losing bone loss. People that had surgery to remove both of their Ovaries
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