On the Trade-off between Efficiency in Job Assignment and Turnover: The Role of Breakup Fees

Mukherjee, Arijit; Vasconcelos, Luís

doi:10.1093/jleo/ewy003

Cited by 15 publications

(7 citation statements)

References 38 publications

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“…ere are two meanings: first, the postneeds its talents, that is, the postneeds employees with a certain quality and ability; second, people are suitable for their posts, that is, employees can be fully qualified for the post [13]. Mukherjee et al proposed to explain the scope of responsibility of postwork and its position in the organization so that employees can understand the main contents of work and carry out work within the scope of postresponsibility, so as to ensure the orderly work of each post [14]. Santis et al proposed that scientific and effective rational use of talents is the key to human resource management.…”

Section: Related Workmentioning

confidence: 99%

Job Matching Analysis Based on Text Mining and Multicriteria Decision-Making

Liang

Wan

2022

Mathematical Problems in Engineering

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The postmanagement of an enterprise is to rationally and scientifically arrange the talents who meet the postrequirements and are suitable for the development of the enterprise in their suitable posts through testing, selection, and employment. The job recruitment information published on the recruitment website is the data that best reflects the market demand for data analysis talents. However, as online recruitment information is mostly presented in the form of text, this paper explores the information contained in the recruitment information through text mining technology, which has reference value for data analysis job seekers. Based on text mining and multicriteria decision-making, this paper studies job matching. The technical jobs under text mining are mainly distributed in the Internet industry, and the number of recruits accounts for 66.45%. Other industries have less demand for technical data analysis, all of which are below 15%. However, the market of business data analysis is scattered and extensive, and education still occupies the largest demand provider, accounting for 30.53%. However, real estate and media are closely followed, accounting for 24.28% and 22.34%, respectively. Besides these three industries, compared with technical talents, service industries will also need business data analysis talents more. In the stage of data collection, through the data analysis of the recruitment website, the job recruitment information is crawled, as well as other job information such as job salary, job qualifications, work experience requirements, and the number of recruits. This paper carries out the data collection stage and crawls the job recruitment information through the data analysis of the recruitment website. And, other position information, such as position salary, position qualification, and work experience requirements, as well as the number of recruits. The research of this paper can help the data released by the recruitment website to analyze the recruitment information and quickly reflect the market demand data for data analysis talents.

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Section: Related Workmentioning

confidence: 99%

Job Matching Analysis Based on Text Mining and Multicriteria Decision-Making

Liang

Wan

2022

Mathematical Problems in Engineering

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“…Finally, we assume that the agent can commit to not leaving the firm. If the contract cannot include buyout clauses (to be paid by the principal who wishes to hire the senior worker), penalties in the case of breaking the contract (that the worker would have to pay), or non-compete clauses (forbidding working for another firm in the market) then an agent may not be able to commit to staying in the firm that trained him as a junior (see, e.g., Mukherjee and Vasconcelos 2018).…”

Section: Equilibriamentioning

confidence: 99%

Agency theory meets matching theory

Macho‐Stadler

Pérez‐Castrillo

2020

SERIEs

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The theory of incentives and matching theory can complement each other. In particular, matching theory can be a tool for analyzing optimal incentive contracts within a general equilibrium framework. We propose several models that study the endogenous payoffs of principals and agents as a function of the characteristics of all the market participants, as well as the joint attributes of the principal–agent pairs that partner in equilibrium. Moreover, considering each principal–agent relationship as part of a market may strongly influence our assessment of how the characteristics of the principal and the agent affect the optimal incentive contract. Finally, we discuss the effect of the existence of moral hazard on the nature of the matching between principals and agents that we may observe at equilibrium, compared to the matching that would happen if incentive concerns were absent.

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“…Worker visibility is closely related to search costs in the labor market, as low search costs lead to more search for better employer–worker matches. In the last decade, digitalization in general and the widespread use of web‐based social networks like LinkedIn, ResearchGate, and XING, in particular, have drastically reduced search costs for employers and employees (Goldfarb & Tucker, 2019), and therefore substantially increased the visibility of a firm's workers to potential competitors (Buettner, 2017; Mukherjee & Vasconcelos, 2018). 1…”

Section: Introductionmentioning

confidence: 99%

“…66Thus, we follow the simplifying assumption of the theoretical paper by Mukherjee and Vasconcelos (2018) that the alternative employers only have a vacancy at the higher hierarchy level.…”

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confidence: 99%

Worker visibility and firms' retention policies

Dato

Grunewald

Kräkel

2020

Economics Manag Strategy

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In the last two decades, the widespread use of web‐based social networks has led to a higher visibility of workers to the labor market. We theoretically and experimentally analyze the consequences of such increased labor market transparency for the efficiency of job assignments, the wages of workers, and firm profits. Our theoretical results show that higher visibility of workers increases the efficiency of job assignments, leads to a redistribution of income between workers of different ability, and increases overall surplus. Our experimental findings generally support the theoretical results with the exception that increased visibility leads to higher worker turnover such that surplus does not increase.

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On the Trade-off between Efficiency in Job Assignment and Turnover: The Role of Breakup Fees

Cited by 15 publications

References 38 publications

Job Matching Analysis Based on Text Mining and Multicriteria Decision-Making

Job Matching Analysis Based on Text Mining and Multicriteria Decision-Making

Agency theory meets matching theory

Worker visibility and firms' retention policies

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