Papers on "Overtime and Redundancy" and similar term paper topics

Paper #062953 :: Overtime and Redundancy
Buy and instantly download this paper now

This paper discusses and analyzes why some firms will reduce working hours before making staff redundant and increase overtime just before hiring new staff.

Written in 2005; 1,870 words; 7 sources; APA; $ 59.95

Paper Summary:

This paper explains that the model of labor demand in terms of hours worked by employees assumes that firms instantly adjust their employment when the economic environment or business cycle changes; hence, rational firms will always try to minimize their adjustment costs when making decision on altering their labor force, whether through hiring new workers or laying-off staff. The author points out that adjustment costs tend to produce the familiar phenomena of labor hoarding or reduction of working hours during a slump and increased use of extending overtime during a boom. The paper deduces that the relationship between output, hours worked and employment follows a lagged pro-cyclical trend but so must labor productivity, especially if it is measured as output pertaining to each employee; thus, as output and hours worked fall during the economic recession then so does the level of output per worker.

From the Paper:

"Figure 1 below, illustrates the cost structure faced by any given firm in choosing between alternative lengths of the working week at any given time. The variable parts of wage costs are especially crucial: (i) the basic wage, w0 per hour, which operates under normal working hours; (ii) the basic wage augmented by overtime premium, w1 above normal working hours. The basic wage is constant up to normal hours HN. Hence, in the absence of guaranteed wages of any sort, the average variable cost per hour is equal to marginal cost, AVC = w0H/H = w0 = MC, and shown by the line ae."

Tags: monopsonistic model structure rational adjustment

More papers on "Overtime and Redundancy"

1. Paper #060766 :: The New Overtime Laws ( 1,567 words; 5 sources; MLA )
2. Paper #057772 :: Registered Nurses and Mandatory Overtime ( 1,153 words; 6 sources; MLA )
3. Paper #006378 :: Mandatory Overtime for Nurses ( 675 words; 2 sources; MLA )
4. Paper #101792 :: John B. Lee's "The Hockey Player Sonnets: Overtime Edition" ( 1,400 words; 3 sources; MLA )
5. Paper #005160 :: Maryland Nurses and Mandatory Overtime ( 1,305 words; 13 sources; MLA )

About AcaDemon

We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper, you download are top-quality, competitively priced and high-level work.

Look for more research papers, essays and book reports on Overtime and Redundancy

This Free Term Paper Abstract is a part of our Term Paper Library. Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Overtime and Redundancy", Essays on "Overtime and Redundancy", Research papers on "Overtime and Redundancy", Student papers on "Overtime and Redundancy", Book reports on "Overtime and Redundancy", Dissertation on "Overtime and Redundancy", Thesis on "Overtime and Redundancy", Summary of paper on "Overtime and Redundancy", Articles written on "Overtime and Redundancy".