Summary: 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. ...show less