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Compensation Research Themes (Environmental Determinants (Legal (minimum…
Compensation Research Themes
Environmental Determinants
Legal
minimum wage, fair labor standards, wage laws
Business
economic and tech. factors, expected inflation, unemployment risks, levels of unionization effects
Industry
Wages in fed. and state public sectors, steel industry, health care industry, grocery industry
Firm Determinants
Effects of firm practices, unionization, other characteristics
Job and Group Determinants
Job factors, changes, and groups
Gender and Race Determinants
Gender wage gap and differentials by race
Individual Determinants
Behavioral
Social skill, task performance, etc.
Experiential
Tenure, education, training, etc.
Individual
Sexual Orientation, mental illness, long term disability, etc.
Individual Outcomes
higher pay levels= positive outcomes
Compensation Psychology
Organizational Justice
Equity
Outcomes of sensitivity
performance, job satisfaction, intent to leave
Procedural Justice
Firm Outcomes of Compensation
Benefits
Greater benefit satisfaction= less withdrawal behavior, less turnover, greater org. commitment
International Compensation
Executive Compensation