"To be an effective manager, you need more than common sense and wisdom; you need a structured, rigorous framework for analyzing the issues you face. By applying a new approach called personnel economics, Personnel Economics in Practice, Second Edition presents the most rigorous analyses of traditional general management questions available. Its emphasis on practical application gives you the tools to analyze a variety of problems." "Using many real-world and up-to-date examples, including some data from the authors' research, Personnel Economics in Practice, Second Edition puts at your fingertips a rich model of personnel and organizational design for growing a strong, innovative organization."--BOOK JACKET.