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Recent Compensation Research: an eclectic review (Categories…
Recent Compensation Research: an eclectic review
Categories
Environmental Determinants
Studies how legal environment, economic climate, etc. affect pay and incentive - not enough research done on other benefits besides pay
Firm Determinants
How organizational practices, unionts, etc. affect benefits/wages
Job and Group Determinants
How job changes and changes in group affect compensation
Individual Determinants
How individual characteristics such as behavior affect compensation
Individual Outcomes
What are the results of incentive pay?
Compensation Psychology
Organizational Justice
How equity and ethical issues relate to payment incentives
Firm Outcomes
Outcomes of individual and group incentives
Benefits
How benefits are used in relation to incentives
International Compensation
Comparisons of compensation in multinational enterprises
Executive Compensation
Determinants regarding CEO pay level and the like
Important Findings
Very little to no qualitative research done
Most research is in quantitative in nature and attempts to use linear models to explain relationships
Little to no interdisciplinary research - opportunity for research on incentives to include other fields such as psychology and law
Hard to determine whether research can be extrapolated and applied to a global context as most of it is still North America centric