1. What did the Chicago-based consulting group Whitman-Hart offer software specialist Glen Kelley to keep him on
as an employee?
2. What are the basic causes of the limited supply of good workers?
3. According to the article, which professionals are in greatest demand? What other fields are experiencing a
shortage of workers?
4. What other perks and benefits besides salary are companies offering to lure the best workers?
5. What factors besides salary should a person consider before accepting a job? Explain your answer.
Primary and Secondary Source Readingr
Copyright by The McGraw-Hill Companies, Inc.
Answers
Whittman-Hart offered to pay for expensive infertility treatments and gave him a 12 percent raise to keep Glen Kelley on as an employee.
The limited supply of good workers is caused by a shrinking labor supply as fewer young people enter the workforce, rising demand due to the computer revolution, and the steady growth of the economy. According to the article, information-technology professionals are in the greatest demand. Other fields experiencing a shortage of workers are not mentioned in the article. Companies are offering nonmonetary perks and benefits to lure the best workers, such as stock options, gold-plated stock options, allowing employees to bring their dogs to work, and providing access to a fleet of BMWs. Besides salary, a person should consider factors such as the job's nature, required skills and abilities, work-life balance, location, and potential for career growth before accepting a job. These factors are not explicitly mentioned in the article, but they are important considerations for anyone considering a job offer.What is the consulting group about?The text provided is an excerpt from a reading passage titled "YEAR OF THE EMPLOYEE" which discusses the various factors that determine the wages that a worker can command in the marketplace. It explores the current state of the job market, and how a tight labor market with low unemployment rates has led to a situation where talented employees are in high demand, and companies are offering attractive pay packages and other perks to attract and retain them.
The passage also highlights that the demand for workers is not just limited to highly educated or computer-literate individuals, but also those at all levels of the workforce. Additionally, it touches upon the psychology of the workplace and how the job insecurity of the early '90s has given way to a job market where talented workers are highly valued and can demand more significant salaries and benefits.
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Nichelle Johnoon
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PRIMARY & SECONDARY SOURCES
YEAR OF THE EMPLOYEE
Reading 13
Many factors determine the wages a worker can command in the marketplace. Among these factors are the level of skills and abilities a particular position requires and the nature of the work itself. In a booming economy where jobs are plentiful, wages will increase in many industries to attract competent employees. The article below analyzes the financial benefits afforded workers in a healthy economy. As you read, consider your own value in the labor force today. Then answer the questions that follow.
Four years ago, Glen Kelley was a software specialist at
a Midwestern shipping company when Whittman-Hart, a fast-growing Chicago consulting group, offered him a job. Kelley, now 31, was willing to jump, but with one tough condition: he... needed the company to pay for expen- sive infertility treatments. The firm answered with an extraordinary insurance package that covered every penny... and offered him a 12 percent raise to boot.. The treatments, which eventually cost $30,000, failed. Then Kelley and his wife, Carrie, wanted to adopt. Stock options from Whittman-Hart paid for the entire $20,000 bill....
Such tales abound in today's drum-tight job market. Stunning pay increases and gold-plated stock options, once the sort of bait dangled mostly in front of prospec- tive chief executives, are now used to lure everyone from secretaries on up. Many companies have started to play the game of "top this" with nonmonetary perks, too. Neversoft Entertainment, a Hollywood computer games designer, not only allows staffers to bring their dogs to work, but also supplies the Milk-Bones.... Atlanta-based Revenue Systems gives every employee access to its fleet of BMWs.
It's the revenge of the downsized: near-record-low unemployment and a long economic boom have created nightmares for employers and fat opportunities for street- wise employees. Scott Adams, creator of the comic strip "Dilbert" puts it this way: "There has never been a better time in history to heap abuse upon your boss."
Related Questions
Step 1: Explore
Visit the website for Grubhub, grubhub.com, or another similar food delivery service website.
Step 2: Research and Reflect
Research Grubhub or a similar company’s website and the social media platforms where they have a presence. Explore and take note of their online presence. Observe how their online presence may change as current trends drive changes in the company.
Based on their online presence, answer the following questions:
Which of the entrepreneurship trends that you learned about in the unit were you able to find evidence for in this company’s online presence, if any? Which one do you think is most important and why?
How do you think changes and trends in this industry influenced the creation of this company and how it currently operates? Explain.
Which social media platform do you think is most impactful for their business? How are they using it to enhance the customer experience? Provide examples.
If you were working for this company, which entrepreneurship trend or new enterprise idea (not currently in evidence) would you introduce? How would you use it, and why? How do current changes and trends currently play a role in your suggestions? Explain.
Please create your case study in a word processing document and submit this along with any additional resources that you used to complete the activity. Refer to the rubric below for more information on how you will be graded.
Answers
Communities' hubs are their restaurants. Our goal is to expand their connections, deepen their roots, and broaden the beneficial effects they have on individuals and society.
How does Grub Hub benefit my company?It's simple for businesses to order meals for staff, clients, business meetings, and more using a Grub hub Corporate Account. By providing a line of credit, you can reduce costs by only paying for meals that are actually ordered.
Which is better, Grub hub or Doodahs?Driver Pay on Grub Hub. What you can make delivering orders ultimately determines which food delivery app is better for drivers. While Doodahs doesn't disclose pay rates, there are methods for drivers to make extra money on particular types of orders, and it is reported that Grub Hub drivers can make up to $23 per hour.
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Explain with examples, why the study of macroeconomics is important to an undergraduate student of Economics in Nigeria.
Answers
1. Understanding the overall economy: Knowledge of macroeconomics is essential for understanding the overall performance and behavior of the Nigerian economy. This includes analyzing key macroeconomic indicators such as Gross Domestic Product (GDP), inflation rates, unemployment rates, and trade balances.
2. Policy-making: Understanding macroeconomics is essential for policy-making at the government level. This includes understanding how monetary policy and fiscal policy can be used to stabilize the economy, promote economic growth, and reduce inflation and unemployment rates.
3. Business decision-making: Understanding macroeconomics is also important for business decision-making. For instance, a business owner needs to understand macroeconomic trends such as inflation and exchange rates in order to make informed decisions about pricing, production, and investment.
4. International trade: Macro economics is important to international trade because it explains the workings of the global economy and how different countries interact with one another. For example, a student of macroeconomics can understand the factors that influence exchange rates and how these impact international trade between Nigeria and other countries.
5. Personal financial planning: Finally, understanding macroeconomics is important for personal financial planning. This includes understanding how inflation and exchange rates impact the value of money over time, and how these factors affect personal savings and investments.
To illustrate the importance of macroeconomics to an undergraduate student of economics in Nigeria, consider the following examples:
1. Suppose a student is interested in starting a business in Nigeria. Understanding macroeconomics would be essential for analyzing the overall economic environment and identifying potential opportunities and risks. For instance, the student needs to understand the current inflation rate, exchange rate, and interest rates in order to make informed decisions about financing, pricing, and production.
2. Suppose a student is interested in pursuing a career in government or public policy. Understanding macroeconomics would be essential for analyzing and formulating policies that promote economic growth, reduce inflation and unemployment rates, and stabilize the economy.
3. Suppose a student is interested in pursuing a career in international trade. Understanding macroeconomics would be essential for analyzing the global economy and identifying potential opportunities and risks in international trade. For instance, the student needs to understand how exchange rates impact the competitiveness of Nigerian exports and how trade policies affect international trade relations.
Hope this helps!!
Describe the "scientific" racial theories and nationalist ideas
that were cited to argue against human equality or
universal human rights;
Answers
The "scientific" racial theories that were used to argue against human equality and universal human rights were based on the belief that different human races had distinct biological characteristics and that these characteristics determined the intellectual and moral abilities of each race.
One of the most prominent scientific racists was Arthur de Gobineau, a French aristocrat who wrote a book titled "An Essay on the Inequality of the Human Races" in 1853. In his book, Gobineau claimed that the white race was superior to all other races, including the black race, and argued that racial mixing would lead to the decline of civilization. Gobineau's ideas had a significant impact on the development of the Nazi ideology.
Another influential figure in the development of scientific racism was Charles Darwin. Although Darwin did not explicitly support the idea of racial hierarchy, his theory of evolution was misused by many to justify racial superiority. Social Darwinism, which was based on the idea of "survival of the fittest," argued that different races and nations were engaged in a struggle for survival, and that the stronger races would inevitably dominate the weaker ones.
These ideas were often used to support nationalist ideologies, which held that one's nation was superior to others and should dominate the world. For example, in Nazi Germany, the belief in Aryan superiority was used to justify the genocide of millions of Jews, Romani people, and other minorities. Similarly, in the United States, the belief in white supremacy was used to justify slavery and segregation.
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What is the difference between a future taxable amount and a future deductible amount? And does this affect the beginning balances of deferred tax asset and deferred tax liability?
Answers
A future taxable amount is an amount of income that is expected to be subject to taxation in the future, while a future deductible amount is an expense that is expected to be deductible from taxable income in the future.
What is taxable amount?Taxable amount is the total amount of income or profit that is subject to taxation. It is the amount of money that an individual or business must pay taxes on after deductions and exemptions have been taken into account. Taxable amount is calculated by subtracting the deductions and exemptions from the total amount of income or profit. This amount can be calculated on an individual basis or on a business basis. Depending on the jurisdiction, the taxes may be imposed at different rates and be collected by different levels of government.
This does affect the beginning balances of deferred tax asset and deferred tax liability. A deferred tax asset is created when a future deductible amount is expected to exceed a future taxable amount, resulting in an estimated future tax benefit. Conversely, a deferred tax liability is created when a future taxable amount is expected to exceed a future deductible amount, resulting in an estimated future tax expense.
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Income tax is calculated based on:
O A. gross income.
O B. net income minus profits.
о C. net income minus deductions.
D. gross income minus deductions.
Answers
Income tax is calculated based on: C. net income minus deductions.
How is income tax calculated?Income tax is calculated based on the net income of an individual or entity, which is the income after deducting allowable deductions from the gross income. Deductions are expenses or exemptions that are allowed by tax laws to reduce the taxable income, and they can include items such as business expenses, charitable donations, and certain personal expenses.
The net income, which is the remaining income after deductions, is then subject to the applicable tax rates according to the tax bracket of the taxpayer. Therefore, option C, "net income minus deductions," is the correct statement for how income tax is calculated.
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