Employment and efficiency

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• explanation for the current lag of employment

  Even though we see an acceleration in the aggregate demand and hence in economic activity, this increase in efficiency is currently helping the firms to meet the demand without adding proportional new work force and hence we still see a lag of new employment

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  Demand factor: The demand factor is the level of purchases needed to maintain full employment. Efficiency factor: The efficiency factor refers to both productive and allocative efficiency.

• Develop: (a) A job description for a job you have, have had or aspire to. (b) An evaluation instrument for the job. (c) Your rationale for the selection of items in each.

  At a local family practice, there was a difficulty with coding and payment efficiency. In response the local office created a coding efficiency position.

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  It includes productive efficiency (using lowest cost methods and resources) and allocative efficiency (using resources for the purpose they are most needed).

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  employment.

• Unions and Efficiency

  Nonunion firms expanded output and employment due to their lower costs.

• Ingredients of Growth

  Step 3 Efficiency factor: According to Kondratieff the sixth ingredient of economic growth is the efficiency factor. According to Kondratieff, an economy can achieve its growth potential only if it achieves economic efficiency and full employment.

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  These tools are useful for users to improve the efficacy and efficiency of human resource system. There are several tools for pre employment and post employment.

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  Basic Income: Promoting Economic Efficiency and Equity Through Tax and Benefit Integration http://www.stjohns.edu/media/3/821c205738d74f7b943c00d46686c788.pdf) This article argues that the stagnation of wages is the result of rising income inequality