Is Economics Relevant to Human Resource Management?

Discussion: Millennials in the Workplace


We are hiring millennials now in the workplace. View Simon Sinek talking about the topic.

Crossman, D. (2016). Simon Sinek on millennials in the workplace [Video file]. Retrieved from

Discuss some of the comments made by Sinek. Are they a realistic appraisal of millennials? Bring in personal and professional examples. How should employers develop this talent group and maximize their performance contributions? Within your post, support your response with information from at least two reputable sources (library and/or web-based) and provide the full citation at the end. Use APA format for your references.

Discussion: Is Economics Relevant to Human Resource Management?

Week 1: HRM is one of the fastest-growing disciplines in business. Business leaders are calling for HR professionals who understand how economics affects the attracting, motivating, developing, and retaining of top talent. Choose one of the concepts introduced in this module (except the law of diminishing returns) and explain how knowledge of this principle can improve human resource management in organizations. Give an example from your own experience if possible.

Week 2: Comment on any of the following questions. Quality and engagement with other students is more important than quantity.

  1. Do you think HRM departments do a good job of incorporating economic principles into their decision-making? Your answer should have more depth than a simple yes or no.
  2. Are there HR problems or issues that economics is not capable of addressing? Give examples.
  3. What economic principles covered in this module might not be applicable to managing a diverse workforce? (Both domestic diversity as well as foreign nationals working in U.S. companies.) Why?
  4. In your opinion, does applying any of these economic principles create ethical problems?