The Insider-Outsider Theory Suggests That

question 41

Multiple Choice

The insider-outsider theory suggests that

• A)insiders get lower wages but higher benefits than outsiders.
• B)unemployment insurance leads to higher rates of unemployment.
• C)unions seek high wages without causing firms to cut employment.
• D)the minimum wage forces low-skilled workers to become unemployed.

---

Definitions:

Performance Feedback

The process of providing employees with information and assessments on their work performance from supervisors, coworkers, or other relevant parties.

Horns Error

A type of cognitive bias in which a person's negative traits influence one's perception of their overall character or abilities, leading to an unduly harsh evaluation.

Rating Error

A mistake or bias that occurs when evaluating an individual, typically in performance appraisals, leading to inaccurate or unfair assessments.

Calibration Meetings

Sessions in which managers or HR professionals discuss and align on performance standards, ratings, and development needs for employees to ensure consistency and fairness.