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Compensation Research (Job and Group Determinants (understanding how job…
Compensation Research
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Individual Determinants
includes behavioral, experiential, and individual characteristics that determine compensation
experimental=tenure, education, training, social connections, language proficiency
behavioral=social skill, task performance, lateral moves, and proactive personality
compensation psychology
explores pay satisfaction, motivation, the meaning of $ and psychological reactions to compensation
studies have analyzed relationship between compensation and gender, career satisfaction, etc.
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Organizational Justice
research looking at equity, procedural justice, and ethical issues of compensation
research has shown that organizations with procedural justice have higher levels of staff trust and job satisfaction
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Firm Determinants
the effects of firm practices, firm unionization, and other firm characterizations on compensation
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Benefits
research on the usage of benefits, benefit satisfaction, and outcome of benefit plans
Studies effects of unionization, wages, employee characteristics, and firm objectives on benefits
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Executive compensation
executive pay levels, maximums, and outcomes