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We present a model where compensation within a workteam is determinedendogenously by the use of a rank-order tournament …
Persistent link: https://www.econbiz.de/10005866847
's largest auto sales chains. The company replaced a simple, linear compensation system in 2000 with nonlinear pay scheme kinked …
Persistent link: https://www.econbiz.de/10005450415
The relationship between the worker's career path and wage growth is studied using a longitudinal sample of large firms. The econometric analysis shows that promoted workers receive a positive wage premium even if they stay in the same job level. Demotions are associated with negative wage...
Persistent link: https://www.econbiz.de/10011403059
The relationship between the worker's career path and wage growth is studied using a longitudinal sample of large firms. The econometric analysis shows that promoted workers receive a positive wage premium even if they stay in the same job level. Demotions are associated with negative wage...
Persistent link: https://www.econbiz.de/10013320862
We consider a firm's provision of safety and health measures or working conditions in a hidden action agency problem. The firm's second best optimum is compared to the first best. We consider the effects of changes in the shares of damages borne by the firm and by the agent. We examine the...
Persistent link: https://www.econbiz.de/10013031156
We model deferred compensation as a share of an uncertain future profit granted by a financially constrained employer … to her employee in mutual agreement. Deferred compensation serves as a retention mechanism, helping the employer to avoid …, the employer will to defer compensation (pay in cash) to the employee. The employee always improves his position in the …
Persistent link: https://www.econbiz.de/10005765181
Executives' compensation has been on the forefront of the public and political debate since the recent financial crisis …. One of the measures publicly discussed is a general upper boundary to top management compensation packages (“salary cap … using maximum compensation regulations for decades. This paper exploits the 23-year experience with salary cap regulations …
Persistent link: https://www.econbiz.de/10011747365
Gamification as the use of game mechanisms for motivation in non-game contexts has been gaining popularity and is considered one of the hottest topics in management. However, there is little research on gamification in remuneration systems, especially with regard to the sales force. The article...
Persistent link: https://www.econbiz.de/10012237271
Economists have for a long time argued that performance-based bonuses raise performance. Indeed, many firms use bonuses tied to individual performance to motivate their employees. However, there has been heated debate among human resources professionals recently, and some firms have moved away...
Persistent link: https://www.econbiz.de/10012510503
participatory compensation mechanisms within them …
Persistent link: https://www.econbiz.de/10012955103