Compensation Management: Theory, Evidence, and Strategic Significance

Author: (USA) Barry Gerhart
Publisher:
Publish Date: 2005-01-01
Features: How important is money in motivation? Does it help explain why some organizations succeed while others fail? Compensation is a complex and often misunderstood topic. Compensation Management: Theory, Evidence, and Strategic Implications provides a comprehensive review of research-based factors and effects related to compensation decisions. Gerhart and Rynes synthesize theories and research from multiple disciplines, exploring three main compensation decisions: wage levels, wage structures, and wage payment systems. By revealing the effects of different compensation policies, the book examines the following issues from an interdisciplinary perspective:
● The link between performance pay and intrinsic motivation
● The significance of individual wage differences on team or unit performance
● The consequences of performance pay policies
● The measurement and practical implications of effect differences revealed by compensation research
● Directions for future research
Compensation Management: Theory, Evidence, and Strategic Implications explores the existing methods, rationale, and the impact of various wage strategies on organizational success in choosing how to pay. Building on a critical evaluation of areas where compensation theory conflicts with common sense, Gerhart and Rynes also examine the motivational effects of compensation. This book is primarily intended as a textbook for upper-level undergraduate and graduate students in human resource management, psychology, and organizational behavior. It also provides highly valuable reference material for compensation management consultants and organizational development experts.