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Compensation
Theory, Evidence, and Strategic Implications



© 2008 | 320 pages | SAGE South Asia
Compensation: Theory, Evidence, and Strategic Implications provides a comprehensive, research-based review of both the determinants and effects of compensation. Combining theory and research from a variety of disciplines, authors Barry Gerhart and Sara L Rynes examine the three major compensation decisions—pay level, pay structure, and pay delivery systems.

Revealing the impact of different compensation policies, this interdisciplinary volume examines
- The relationship between performance-based pay and intrinsic motivation
- Implications of individual pay differentials for team or unit performance
- The consequences of pay for performance policies
- Effect sizes and practical significance of compensation findings
- Directions for future research

Compensation: Theory, Evidence, and Strategic Implications considers why organizations pay people the way they do and how various pay strategies influence the success of organizations. Critically evaluating areas where research is inconsistent with common beliefs, Gerhart and Rynes explore the motivational effects of compensation.

Primarily intended for graduate students in human resource management, psychology, and organizational behavior courses, this book is also an invaluable reference for compensation management consultants and organizational development specialists. 
David A. Whetten
Introduction to the Series DAVID A WHETTEN
 
I: INTRODUCTION: THE ENIGMAS OF COMPENSATION
 
Objectives
 
Outline of the Book
 
II: DIFFERENCES IN PAY LEVEL: WHY DO SOME COMPANIES PAY MORE THAN OTHERS?
 
A Tale of Two Markets
 
The Case for Limited Discretion: Neoclassical Economic Theory
 
Post-Institutional Economics: Theory Meets Reality
 
Why It May "Pay" to Pay More
 
The International Dimension
 
Differences in Pay Levels for Particular Jobs
 
Research on Pay Level Decision Making
 
Summary
 
Resource 2.1
 
III: EFFECTS OF PAY LEVEL: WHAT DO EMPLOYERS GET IN RETURN FOR HIGHER PAY?
 
Theories of the Importance of Pay to Individuals
 
What Do Employers Get in Return for Higher Pay Levels?
 
Future Research
 
IV: PAY STRUCTURE: RELATIVE PAY WITHIN ORGANIZATIONS
 
The Role of Jobs and Job Evaluation in Pay Structure
 
Theories of Differences in Pay Structure
 
Work-Life Incentives
 
Empirical Research on the Effects of Pay Structure
 
Future Research
 
V: PAY BASIS: THEORIES OF MOTIVATION AND PAY FOR PERFORMANCE
 
Effects of Pay and Motivational Programs on Performance: Meta-Analytic Results
 
Theories of Pay-Performance Relationships
 
Psychological Versus Economic Perspectives
 
Workforce Composition, Sorting, and Personality-Based Theories
 
Future Research
 
VI: PAY-FOR-PERFORMANCE PROGRAMS: EMPIRICAL EVIDENCE
 
Broad Policy Decisions
 
Putting It All Together: Empirical Evidence on Pay Programs
 
Summary
 
Future Research
 
VII: PAY STRATEGY
 
Strategic Fit and Alignment
 
Beyond Generic Strategies: The Resource-Based View of the Firm
 
Beyond Direct Earnings: Total Rewards
 
Summary and Future Research
 
VIII: TOWARD THE FUTURE
 
Future Research
 
Methodological Recommendations
 
References
 
Index

Compensation is an excellent review of the current state of employee compensation... It is an excellent way to stimulate the thinking of those involved in research on organizational reward systems and should be required widely of doctoral students and others with a research interest in the topic... One of the strongest features of this book is its clear theoretical orientation to the topics covered. What’s more, the text is not so much an introduction to those theories as a way of challenging the reader to think through implications on a bit more sophisticated level... The book is an excellent reference work for researchers and advanced students.”

PERSONNEL PSYCHOLOGY

"Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological, and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices."

Alison E. Barber
Broad College of Business, Michigan State University

"The authors artfully synthesize complex scholarly articles from economics, psychology, and sociology. The organization of the book is exceptionally transparent... Compensation should be accessible to a wide range of readers who appreciate a multidisciplinary perspective on organizational issues... I cannot emphasize enough how effectively Gerhart and Rynes discuss compensation thoughout this book. As an experienced academic researcher, I have already benefited tremendously from my first reading of the book . It is a must-read, and I recommend it without reservation to instructors, researchers, and students."

Joe Martocchio
University of Illinois

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Barry Gerhart

Sara L. Rynes

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ISBN: 9788178299204
₹650.00