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1、外文文献翻译原文及译文标题：Flexibilityinhumanresourcesmanagement:arealoptionsanalysis作者：JoaoVitorPerufoLuiz,DeMagalhaesOzorio期刊:RevistadeAdministracao年份：2017原文Flexibilityinhumanresourcesmanagement:arealoptionsanalysisJoaoVitorPerufoLuiz,DeMagalhaesOzorioAbstractAprivatecompanyhasseveraloptionsinthejobmarket
2、,suchashiring,outsourcing,ordismissingemployees・Themanagementflexibilityofdismissingemployees,evenwithoutjustcause,providesaneconomicbenefitforcompanies・Byaddressingrealoptions,thisstudyaimstomeasuretheeffectsofthisflexibilityontheemployer'sdecisiontohiremoreemployeesaswellastoinvestinthemorepr
3、oductiveemployeesthroughgraduateincentives.Thisarticleevaluatestheadverseimpactsoflaborlawsthatrestrictthisflexibility,suchastheSeveranceIndemnityFund(FGTS)fineandthepriornoticeofterminationofemployment,inordertofindouthowmuchtheemployeeaddsvaluetothecompanyand,consequently,toitssalary.Usingthi
4、smethodology,thisstudyalsoevaluates,fromtheemployeesperspective,therelevanceandvaluemaximizationofthecompany'sfinancialsupportprogramsforemployeestakinggraduatecourses・Resultsshowthatseverancecostsreducethenetvalueoftheemployeetotheemploye匚Shouldthesecostsbedisconsideredandthebenefitinvaluetran
5、sferredtotheemployeethiscouldbeequivalentina4.5%increaseinsalary.Likewisethepossibilityofinvestingingraduatecourseatthecorrectmomentbutonlyforthemoreproductiveemployeescanincreasetheirnetvaluesignificantly,doublingthenetvalueoftheemployeetotheemployer.Keywords:Employeedismissal,Employeevalue,Re
6、aloptions,FlexibilityinhumanresourcesIntroductionCompanydecisionstohire,train,ordismissemployeesareinfluencedbytheemployeesexpectationsabouthowmuchtheemployeewillcontributeingeneratingcashflowforthecompany,similartothedecisiontoinvestinanasset.Hiringanemployeemaygeneraterevenueforthecompany;how
7、ever,italsocomeswithacost・Similartootherinvestmentdecisions,thedecisiontohireanemployeecomeswithsomeuncertaintyrelatedtotheemployee'sperformance(hislaborsupply)aswellastheamountthathisservicesareused(demandforlabor).Itisvalidtoinv
