Explain how those concepts help the company better understand the potential behavior of employees

Posted: July 12th, 2022

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After reviewing the materials in the Presentation Assignment Overview module, including the Presentation Assignment Guidelines and readings, your first assignment is to submit a topic choice with explanation and an outline on your topic, as detailed below.First step: Please read the following five articles.Jeff Chanin et al, Behavioral Economics: Overview and Health Care Applications, Health (2020).Steve Vernon, Know about Psychological Science and Behavioral Economics to Improve Financial and Health Outcomes with Employees and Customers, Stanford Center on Longevity (2018)Andreas Richter et al, Insurance Customer Behavior: Lessons from Behavioral Economics, Risk Management and Insurance Review 22, no. 2 (2019): 183-205Mark F. Meyer, Automatic Enrollment in Private Group Disability Insurance: Evidence to Date and Prospects for the Future, SSDI (2020)Steve Vernon, Beyond Defaults: Using Behavioral Economics to Improve Retirement Outcomes, Benefits Magazine56, (3) (03): 42Second step: Choose one of the CEO’s two goalsThird step: Develop a presentation outline.Fourth step: Review the relevant secondary source articles listed below and choose any that you believe would be helpful in developing your presentation.Shlomo Benartzi and Richard Thaler, Heuristics and Biases in Retirement Savings Behavior, Journal of Economic Perspectives 21, no. 3 (2007): 81-104John Beshears, et al, Building Emergency Savings Through Employer-Sponsored Rainy-Day Savings Accounts, Tax Policy and the Economy34, no. 1 (2020): 43-90John Beshears et al, The Importance of Default Options for Retirement Saving Outcomes, Social Security Policy in a Changing Environment (2009): 167-195Rob Saunders et al, Are Carrots Good for Your Health? Current Evidence on Health Behavior Incentives in the Medicaid Program, Margolis Center for Health Policy, Duke University(2018)Ivo Vlaev et al, Changing Health Behaviors Using Financial Incentives: A Review From Behavioral Economics, BMC public health 19, no. 1 (2019): 1-9Note: As you complete this presentation assignment it is important to keep in mind that you are or may be learning a whole new area (behavioral economics) and applying that knowledge to an area with which you already have some familiarity based on what you are learning in this course about employee compensation and compensation, as well as any professional experience. Make sure that you fully incorporate that knowledge about employee compensation and benefits into your presentation. Outline—template (required format)Introduce topic and intended scopePurpose—What is the goal of this presentation?So what? Why should your audience care?Describe the type of employee benefits that you are focusing on and why those benefits play an important role in increasing the overall welfare of employees and the corporation’s overall performance.Describe 1 to 3 behavioral economics concepts that you want to explain to the board.Explain how those concepts help the company better understand the potential behavior of employees.Describe the tools from behavioral economics that are relevant to designing the employee benefits that you have chosen to focus on.Explain the benefits and potential costs of relying on those behavioral economic tools.Final recommendationsInclude a full bibliography of the assigned articles that you will be using, as well as any outside sources that you believe you may end up using in your assignment.NOTE: There is no need to look at any additional outside sources. However, if you do end up using any in your PowerPoint presentation, you should include a citation in the slide in which you are using the information (as well as your complete bibliography, as your last slide).

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