Critical thinking 6 HR
Assignment Choice #1: Case 10.1 Money Doesn’t Buy Happiness. Well, on Second
Thought . . .
Read Case 10.1
in Managing Human Resources. After reading the case, please
complete the following items:
- Write a summary of the case,
- Answer the critical thinking
- Elaborate on two key learnings
from the case related to trends in employee benefits, legal implications,
and cost-containment strategies. Be sure to clearly state the two key
learnings and defend them in well-organized, scholarly responses.
A key learning is defined as significant knowledge gained from
reading the case. You may choose to explain your key learnings by offering a
real-world application, personal insight, your thoughts and opinions about what
was stated, how it is handled at your company, etc.
Please arrange your
summary, questions, and key learnings in a well-organized, scholarly response
of 2-3 pages. Support your observations and opinions with citations from 2-3
credible sources documented according to the CSU-Global Guide to Writing and APA Requirements.
Money Doesn’t Buy
on Second Thought…
This article talks about peoples happiness with regards to
how rich or poor they are individually and how wealthy their country is. A good
suggestion was made by two Brits as they stated that “Government’s policy goals
should focus less on growing GPD and more on improving measures that directly
affect happiness”. People in wealthier countries report more happiness than
those in poorer countries. Comparing Denmark and Zimbabwe the Danes have social
welfare policies directed toward some of the most salient concerns of families
their health care for the aged and child care and they are happier. They have a
set of public policies that deal immediately with peoples fundamental concerns.
It’s not all about the money. But if you ask me it helps immensely.
Critical Thinking Questions
What do you think is the role of money as a determinant
of a person’s satisfaction at work and with life in general? Should organizations
worry about this issue? Explain.
Do you think an emphasis on financial incentives
is good or bad? Explain.
How do you communicate to a workforce that isn’t
created equally? How do you treat a workforce in which everyone has a different
deal? What effect do you think this trend toward greater pay inequality will
have on employees’ satisfaction with their pay, their job, and life in general?