Scenario 9.1
Colette University, an institute of higher learning that educates confectionery chefs, offers a very attractive benefits package.Costs associated with the benefits are about double those of rival institutions.However, the university's administrators feel thatextensive benefits attract the most talented faculty and staff in the world.Due to recent societal trends in fitness and health, Colette University has experienced a downturn in its funding support from global confectionery corporations seeing lower profits.The university's budget is adversely impacted.Joy, the human resource manager of the university, has been asked to find ways to reduce expenditures on benefits so that important university programs do not suffer.
-Refer to Scenario 9.1.The administrators of Colette Universityjustify the high costs of its benefits programs.Which of the following theories supports their claim?
A) The equity theory
B) The efficiency wage theory
C) The motivational theory
D) The expectancy theory
E) The goal-setting theory

Question

Quizplus · Accepted Answer

The efficiency wage theory supports the claim that offering extensive benefits attracts the most talented faculty and staff in the world. This theory suggests that paying higher wages or offering better benefits than other comparable institutions will attract and retain the most productive and highest quality workers. Therefore, the administrators of Colette University believe that offering an attractive benefits package will help them recruit and retain the most talented confectionery chefs, which will ultimately benefit the university's programs and reputation.

Scenario 9.1 Colette University, an Institute of Higher Learning That Educates Confectionery