Compensation : theory, evidence, and strategic implications

Author(s)

Bibliographic Information

Compensation : theory, evidence, and strategic implications

Barry Gerhart, Sara L. Rynes

(Foundations for organizational science)

Sage, c2003

  • : cloth
  • : paper

Available at  / 9 libraries

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Note

Bibliography: p. 267-289

Includes index

Description and Table of Contents

Description

"The authors artfully synthesize complex scholarly articles from economics, psychology, and sociology. The organization of the book is exceptionally transparent... Compensation should be accessible to a wide range of readers who appreciate a multidisciplinary perspective on organizational issues... I cannot emphasize enough how effectively Gerhart and Rynes discuss compensation thoughout this book. As an experienced academic researcher, I have already benefited tremendously from my first reading of the book . It is a must-read, and I recommend it without reservation to instructors, researchers, and students." --Industrial and Labor Relations Review "Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological, and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices." --Alison Barber, Eli Broad College of Business, Michigan State University Compensation: Theory, Evidence, and Strategic Implications provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara L. Rynes examine the three major compensation decisions-pay level, pay structure, and pay delivery systems. Revealing the impact of different compensation policies, this interdisciplinary volume examines The relationship between performance-based pay and intrinsic motivation Implications of individual pay differentials for team or unit performance The consequences of pay for performance policies Effect sizes and practical significance of compensation findings Directions for future research Compensation: Theory, Evidence, and Strategic Implications considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation. Primarily intended for graduate students in human resource management, psychology, and organizational behavior courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists.

Table of Contents

Introduction to the Series - David A. Whetten Acknowledgments 1. Introduction: The Enigmas of Compensation Objectives Outline of the Book 2. Differences in Pay Level: Why Do Some Companies Pay More Than Others? A Tale of Two Markets The Case for Limited Discretion: Neoclassical Economic Theory Post-Institutional Economics: Theory Meets Reality Why It May "Pay" to Pay More The International Dimension Differences in Pay Levels for Particular Jobs Research on Pay Level Decision Making Summary Resource 2.1 3. Effects of Pay Level: What Do Employers Get in Return for Higher Pay? Theories of the Importance of Pay to Individuals What Do Employers Get in Return for Higher Pay Levels? Future Research 4. Pay Structure: Relative Pay Within Organizations The Role of Jobs and Job Evaluation in Pay Structure Theories of Differences in Pay Structure Work-Life Incentives Empirical Research on the Effects of Pay Structure Future Research 5. Pay Basis: Theories of Motivation and Pay for Performance Effects of Pay and Motivational Programs on Performance: Meta-Analytic Results Theories of Pay-Performance Relationships Psychological Versus Economic Perspectives Workforce Composition, Sorting, and Personality-Based Theories Future Research 6. Pay-for-Performance Programs: Empirical Evidence Broad Policy Decisions Putting It All Together: Empirical Evidence on Pay Programs Summary Future Research 7. Pay Strategy Strategic Fit and Alignment Beyond Generic Strategies: The Resource-Based View of the Firm Beyond Direct Earnings: Total Rewards Summary and Future Research 8. Toward the Future Future Research Methodological Recommendations References Index About the Authors

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Details

  • NCID
    BA64517677
  • ISBN
    • 0761921079
    • 0761921087
  • LCCN
    2003002703
  • Country Code
    us
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Thousand Oaks, CA
  • Pages/Volumes
    ix, 310 p.
  • Size
    23 cm
  • Classification
  • Subject Headings
  • Parent Bibliography ID
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