Recent Compensation Research - trends (Conclusions (Variables in one area…
Recent Compensation Research - trends
Levels of pay can impact job satisfaction and turnover.
Monetary incentives have substantial impact on performance
How min. wage, FLSA, immigration reform etc. affect wages
Focus on wages, not types of pay
how practices at individual firms affect wages
Attributes, traints, tasks, requirements affect job worth
Displacement negatively affects subsequent wages; promotions tend positively affect later wages
Most research focuses on wage gap
More research is needed to see what else affects wage gap
Social skills positively affect wage; smoking can be negative
Education, Training, Language
Sexual orientation, native born, age, working spouses
Compensation satisfaction can be related to general life satisfaction.
Ethical issues of compensation
Sales, customer satisfaction
Group incentive plan
Greater benefit usage leads to less turnover, and greater commitment to org
US v other countries
Variables in one area are included as controlled variables in other areas.
There is overlap among research areas
Different levels of analysis include other areas of research