If Historical Experience Data Are So Widely Available and So

question 312

Essay

If historical experience data are so widely available and so easy to obtain, why aren't they more widely used to set labor standards?

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Definitions:

Organizational Effects

The impact or outcomes that result from the policies, practices, and culture of an organization, affecting its members and operations.

High Absenteeism

A significant or frequent lack of presence by employees at their place of work.

Social Discounting Bias

The tendency to devalue benefits or resources when they are to be shared with an increasing number of others.

Hostile Attribution Bias

The inclination to perceive the actions of others as being motivated by aggression, even if those actions are unclear or harmless.