Compensation, organizational strategy, and firm performance

  • 423 Pages
  • 3.38 MB
  • English
South-Western Pub. Co., College Division , Cincinnati, Ohio
Compensation management -- United S


United St

StatementLuis R. Gomez-Mejia, David B. Balkin.
SeriesSouth-Western series in human resources management
ContributionsBalkin, David B., 1948-
LC ClassificationsHF5549.5.C67 G66 1992
The Physical Object
Paginationviii, 423 p. :
ID Numbers
Open LibraryOL1548855M
ISBN 100538802693
LC Control Number91028393

Book Condition: Book is in good shape; moderate signs of wear on the cover and binding% Money Back Guarantee. Shipped to over one million happy customers. In Stock. Sold by Better World Books: East. Comment: Book is in good shape; moderate signs of wear on the cover and binding% Money Back by: Compensation, Organizational Strategy and Firm Performance by Luis R.

Gomez-Mejia,available at Book Depository with free delivery worldwide. Scholars of management use theoretical frameworks and research data from a wide range of disciplines business, economics, psychology, organizational behavior, etc.

to develop a model of how such schemes as executive compensation, performance-contingent pay, and pay compression, interact with a company's overall Range: $ - $ Executive compensation strategies and firm performance: theoretical and empirical foundations. Strategic design of executive compensation programs and firm performance: policy choices and implementation issues.

Compensation strategies for boundary spanners and firm performance: the care of sales. Part III: HRM subsystems.

Performance contingent pay strategies and firm performance. COPY. This up-to-date, research-oriented textbook focuses on the relationship between compensation systems and firm overall performance. In contrast to more traditional compensation texts, it provides a strategic perspective to compensation administration rather than a functional viewpoint.

The text emphasizes the role of managerial pay, its importance, determinants, and impact on by:   Compensation Strategy: COMPENSATION, ORGANIZATIONAL STRATEGY, AND FIRM PERFORMANCE. By Luis R. Gomez-Mejia and David B. Balkin.

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South-Western Publishing Co.,pp., $ Show all authors. Influence of Compensation Strategies in Canadian Technology-Intensive Firms on Organizational a Show details. Congruence Between Pay Policy.

This up-to-date, research-oriented textbook focuses on the relationship between compensation systems and firm overall performance. In contrast to more traditional compensation texts, it provides a strategic perspective to compensation administration rather than a functional viewpoint.

The text emphasizes the role of managerial pay, its importance, determinants, and impact. Buy Compensation, Organizational Strategy, and Firm Performance (South-Western Series in Human Resources Management) by Luis R. Gomez-Mejia () by Luis R.

Gomez-Mejia;David B. Balkin (ISBN:) from Amazon's Book Store. Everyday low prices and free delivery on eligible : Luis R.

Gomez-Mejia;David B. Balkin. Compensation is a systematic approach to providing monetary value to employees in. exchange for work performed. Compensation may achieve several purposes assisting. in recruitment, job performance. Compensation Strategy. The main purpose of compensation strategyis to give the right rewards for the right employee behaviors.

Compensation is an important motivator when you reward people for achieving desired organizational results. An effective management of compensationtakes. Where traditional models of compensation and reward no longer serve the best interests of organizations and the employees who must make companies succeed, The New Pay provides the critical tools for creating a total compensation strategy and pay programs that add value and support organizational by:   In this study, we investigated the relationship between organization-level compensation decisions and organizational performance.

Specifically, we examined how companies' pay structures and pay levels relate to resource efficiency, patient care outcomes, and financial performance. We expected both nonlinear and interactive effects. Results from a large database of hospitals support our Cited by: A key point to remember: In the strategic planning process, compensation planning and design come at the end.

This way, compensation professionals can ensure that systems are rewarding the types of performance and behaviors that will ultimately allow your company to realize its strategy. Strategic Shifts Impact the Compensation Approach. Thus, a fair compensation system is created in every organization on order to make the most of most important ‘M’ element.

Compensation attributes to all forms of pay and rewards received by employees for their performance, including all forms of benefits, perks, services and cash rewards.

The strategic thinking affected all HRM functions which Cemal Zehir et al. / Procedia - Social and Behavioral Sciences () – called later such as strategic recruitment and selection, strategic planning, strategic training and development, strategic compensation and reward systems, strategic succession and strategic Cited by: compensation strategy, particularly how they are related to firm performance.

Much of the work is based on agency theory of which the central idea is how to design compensation strategies in ways that motivate employees to work in the interests of equity holders and not involve in self-gaining behaviours (Werner, Tosi & Gomez-Mejia, ).

NumerousFile Size: KB. Compensation Strategy and Firm Performance (B. Gerhart). The Effects of Changes in the Nature of Work on Compensation (R. Heneman, et al.). Bringing Organization and Labor Relations into Psychological Research on Compensation (P.

Sherer). Psychological Contract Issues in Compensation (D. Rousseau & V. Ho). HRM Strategic Integration and Organizational Performance. New Delhi: SAGE Publications India Pvt Ltd, doi: / Chanda, A & Shen, JHrm strategic integration and organizational performance, SAGE Publications India Pvt Ltd, New Delhi, viewed 13 Maydoi: / Chanda, Ashok and Jie Shen.

How a Pay-for-Performance Compensation Strategy Pays Off This level of competitiveness occurs when an organization’s compensation strategy is equal to the labor market for the same position Author: Sharon Koss.

important for the organization too. The purpose of this research is to measure the impact of compensation on employee performance. Methodology: A questionnaire was designed to collect the data on the factors related to compensation like salary, rewards, Indirect Compensation and employee performance.

The best compensation strategy is the one that rewards what your organization values, whether that's performance, loyalty, or skills. PERFORMANCE, COMPENSATION, AND THE BALANCED SCORECARD A growing number of firms ar e replacing their financially-based performance measurement and compensation systems with a "balanced scorecard" incorporating multiple financial and non- allows managers to communicate the firm's strategy throughout the organization, helping to ensure.

strategy, organizational structure, total rewards design, resource Developing a Compensation Strategy Firm: McKinley Carter Wealth Services, Inc.

Location rewards behavior, using role-specific performance metrics, aligning with firm growth objectives All staff eligible for short-term compensation incentive plan Growth Strategies.

Description Compensation, organizational strategy, and firm performance FB2

tive support for the skills demanded by the firm’s strategy; enacts compensation and performance manage-ment policies that attract, retain and motivate high-performance employees. 2 THE HR SCORECARD by Brian E. Becker, Mark A. Huselid and Dave Ulrich — THE COMPLETE SUMMARY The authors:Brian E.

Becker is a Professor andFile Size: KB. Traditional law firm compensation models lead to unnecessary competition and unmotivated employees. Each year, disengaged and unmotivated employees cost the workforce between $ and $ billion in lost productivity. The bottom line is this: sticking with traditional law firm compensation models will eventually cost you.

Details Compensation, organizational strategy, and firm performance PDF

The compensation scorecard is a powerful way to track and influence the use of compensation in an organization’s compensation strategy. It provides a means to ensure better management of one of.

personal and managerial attributes and firm performance. • Sample: CEO candidates at private-equity owned firms, – Data from proprietary assessments that rate each candidate on 30 dimensions.

• Find that attributes relating to work style (e.g., speed, aggressiveness,File Size: KB. "A compensation strategy establishes the organization's overall position on the types of compensation offered and emphasis of various pay components in the total rewards package," says Bailey.

A compensation strategy is typically a formal, written statement of the organization’s position regarding compensation, including its core values and.

Strategic Compensation CAHRS WP Page 4. Strategic Compensation: Does Business Strategy Influence Compensation in High-Technology Firms. A strategic perspective on compensation management claims that a firm's compensation system should be tailored such that it supports the firm's business strategy (Milkovich & Newman, ).

As the economy recovers and demand for new work returns, a shortage of experienced and capable industry professionals – particularly at the management and executive levels – is hindering many businesses’ ability to grow. Competition to keep these valuable, high-performing employees is at an all-time high.

A strategic performance and reward system is one of the most effective ways to. 5 Ways to Improve Your Compensation Strategy Topics: Comp Strategy Tess C. Taylor, PHR Years ago, a college graduate had a long-term future and a pension plan with a .Find many great new & used options and get the best deals for South-Western Series in Human Resources Management: Compensation, Organizational Strategy and Firm Performance by Luis R.

Gomez-Mejia and David B. Balkin (, Paperback) at the. This study had two general focuses. First, after reviewing the literature on compensation strategy, we examined the extent to which organizations facing similar conditions make different managerial compensation decisions regarding base pay, bonus pay, and eligibility for long-term incentives.

Second, working from expectancy and agency theory perspectives, we explored the Cited by: