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1.

exploring the Role of the Federal Reserve Bank

The Federal Reserve Bank (the “Fed”) is the central bank of the United States. One of its jobs is to manage the money supply. Sometimes it increases the money supply. Sometimes it decreases the money supply.

Reply to these questions in your post:

Name at least one action that the Fed could take to reduce the money supply and raise interest rates.
Given our current economy, would you recommend that the Fed reduce the money supply and raise interest rates, or expand the money supply and lower interest rates? Please explain.

2.

Hiring Decisions: Motivation vs. Ability

Your company promoted you to a management position in the newresearch facility in India. Surprisingly, you have adjusted to the newculture, language, and navigating the city, despite never having livedoutside the country before. You arrive to work early to get a jump starton your day and notice on the payroll report that there are a fewemployees who have taken an occasional three-day weekend. None of theemployees have taken a full week off, however. You know from previousmanagement training classes that overworked employees are more prone tostress-related health issues and less safe at work. You must alsoconsider the company’s bottom-line. You want your employees to take moretime off work to enjoy time with friends and family, but how? Pleaserespond to the following questions:

Which motivational theory(s) do you think would help communicate the importance of vacation time to your employees?
How would you convince your employees that taking time off work is more beneficial in the long run for them and for the company?

3.

Does Technology Help or Harm Security Efforts?

Three months ago, you decided to hire freelance workers because thecompany was overloaded by the amount of data processing (due to thegrowth of the company). Today is the last Friday of the month and youhave to process the invoices from the freelance workers. The freelanceworkers are doing an excellent job processing the invoices. The amountof hours used to complete the work, however, increases each month. Lastmonth, the freelancers’ timesheet showed they spent an average 18 hoursto go through the data for one client. This month, the freelancersspent an average of 25 hours per account. This is troubling since ittook in-house processing 5-7 hours to go through the data for oneclient. The most inexperienced employee on the team took 9 hours toprocess one client’s account.

You discussed with another manager the situation and he suggestedusing a software program called EyeSpy that takes pictures offreelancers’ computer screens and records keystrokes and mouse clicksperiodically throughout the day. At the end of each week, you can drilldown by worker, examining their productivity to give you an accuratereport of who is doing what while on the clock.

Should the company be allowed to install the EyeSpy software tomonitor performance? If not, what are other suggestions on finding outwhy there are variations in the freelancers timesheet?
Is it legal for organizations to monitor the performance of the employee’s without telling them? Why or why not?

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