Recent compensation research (12 categories of compensation research(1-4),…
Recent compensation research
12 categories of compensation research(1-4)
gender and race determinants of compensation
job and group determinants of compensation
firm determinants of compensation
firm practices, unionization, other firm characteristics
from a labor economics standpoint
little focus on how human decision processes affect compensation
environmental determinants of compensation
industry: federal and state public sectors, different industries, industry factors...
business environment: :economic factors, tech change, global competition...
legal environment: minimum wage, FLSA, immigration reform...
12 categories of compensation research(5-8)
individual outcomes of compensation
incentive pay and pay level
pay satisfaction, motivation, meaning of money, reactions of compensation
individual determinants of compensation
experiential: tenure, education, school grades, training...
behavioral: social skill, task performance, helpful behaviors...
individual characteristics: sexual orientation, mental illness, long-term disabilities...
equity, ethical issues, procedural justice
12 categories of compensation research(9-12)
firm outcomes of compensation
individual incentives: performance
group incentives: performance and survival
pay: performance and costs
CEO pay level, mix and outcomes
overlap between some areas
different levels of analysis involve aggregation of lower levels
variables in one area are included as control variables in another