Please read and then fill out the box provide below to complete.

TABLE 1 PROFESSOR PROFILES: Prof. Housman: 55 years old; 25 years with the University; teaches Principles of Management mass sections; teaches over 400 students per year; has written over 40 articles and given over 30 presentations since joining the College; wants a good raise to catch up with others. Prof. Jones: 49 years old; 10 years with the University; teaches Human Resource Management and Organizational Behavior, stepped down as Department Chair three years ago; teaches about 200 students a year; has written over 30 articles and 2 books since joining the College; recently received a $80,000 grant for the College from a local foundation. Wants a good raise Prof. Ricks: as a reward for obtaining the grant. 61 years old; 6 years with University; teaches Labor Relations and Organizational Development; stepped down as Dean of the College of Business two years ago and took a $20,000 pay cut; teaches about 180 students per year; has written only two articles in the last 6 years due to administrative duties; very active in the community and serves on several charity boards. Wants a good raise to make up for loss of $20,000 stipend Prof. Matthews: 28 years old; new hire-only four months with University; teaches Employee Relations and Compensation Management; just graduated with a Ph.D.; will teach about 110 students this year. To be competitive in the job market, the College needed to pay Prof. Matthews $87,000 plus provide a reduced teaching load for two years and a $6,000 per year summer stipend; none of the other faculty received this when they were first hired or subsequently; had 2 minor publications while a Doctoral student but none since joining the College. Wants a good raise to pay student loans and establish a new residence. Prof. Karas: 32 years old; 4 years with University; teaches International Business and Honors sections of Management Principles; teaches about 150 students per year; won Teacher of the Year Award this year; published 12 articles in last four years; has been interviewing for a new job at other Prof. Franks: universities and may leave if good raise is not forthcoming. 64 years old: 18 years with University; teaches Principles of Management and Human Resource Management; teaches about 150 students per year; principle advisor for Management major students; has not written any articles during the last 4 years; plans on retiring within 2-3 years. Wants a good raise to enhance pension plan. TABLE 2 DEPARTMENT CHAIRS RATING OF JOB PERFORMANCE Professor Current Salary Teaching Research Service Housman $82,000 Exceed Exceeds Meets Jones $106,000 Exceeds Far Exceeds Exceeds Ricks $135,000 Meets Meets Far Exceeds Matthews $87,000 New Hire New Hire New Hire Karas $90,000 Far Exceeds Exceed Meets Franks $80,000 Meets Fails to Meet ExceedsThis year the state has agreed to give raises to state employees totaling 3% $17,400 to the Management Departtnent. Your task as Departtnent Chair is to divide the $17,400 among the faculty members- Keep in mind that these raises will likely set a precedent for future years and that the professors will view the raises as a signal for what behavior is valued and what is not. You can choose to split the $17,400 any way you feel is right even choosing no raise if you feel it is appropriate. Your reasoning (Rationale) is the important factor here. How much of the Rationale why you chose to give them the amount $17,400? noted in the previous column