Behavioral Phenomena and Their Implications on Designing Personnel Policies Report Companies face the constant challenge of motivating employees and aligni

Behavioral Phenomena and Their Implications on Designing Personnel Policies Report Companies face the constant challenge of motivating employees and aligning their interests with those of the organisation.

Imagine you are a newly appointed human resource manager within a large company. The CEO wants to know more about your plan to use behavioural insights to improve work incentives and workplace cooperation.

She asks you to write a report explaining the following behavioural phenomena and discussing their relevance and implications for the design of your company’s personnel policies (e.g. compensation policies):

1. Reference points and loss aversion

2. Reciprocity

3. Inequality aversion

4. Present bias

You should not assume the CEO has taken the class of behaviour economics or received any similar training in Behavioural Economics. She only took training courses in standard economics. This means that you will need to explain concepts and theories in a concise and effective way and provide examples related to this specific organisational context.

Assessment criteria. Assessment is based on the following criteria: i) economic logic of the arguments, ii) ability to provide context-specific examples, iii) structure and organisation of the essay, and iv) critical thinking.

Important note on academic integrity. In line with the guidelines provided at the induction session on academic integrity, you need to write using your own words and cite properly. Potential cases of academic misconduct will be detected by running all students’ essays through an anti-plagiarism software. Students who copy and paste text from other sources without using appropriate citation practices will face severe penalties.

This assignment should be completed on your own without discussion or help from others.

Please use the Harvard style for the reference.

Assignments should be a maximum of 2000 words in length.