Compensation

Gerhart, Barry und Weller, Ingo (2019): Compensation. In: Wilkinson, Adrian; Bacon, Nicolas; Snell, Scott und Lepak, David (Hrsg.): The SAGE Handbook of Human Resource Management. 2. edition. Los Angeles ; London ; New Delhi ; Singapore ; Washington DC ; Melbourne: SAGE Publications. S. 210-237

Abstract

Employee compensation or remuneration is a major cost, often the single largest operating cost for organizations (Blinder, 1990).1 Thus, to be successful, an organization must effectively manage not only what it spends on compensation, but also what it gets in return. Contextual factors serve to place some limits on compensation decisions. Legal, institutional, cultural, and market factors vary across and often within countries, meaning that the degree of discretion an organization has in managing compensation decisions will also vary. Nevertheless, organizations typically have at least some discretion in compensation design.2 This choice can have a major impact at every level of the organization: on decisions made by individuals (through its incentive ...

• Dokumententyp: Buchbeitrag
• Fakultät: Betriebswirtschaft > Institute for Human Capital Management
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• ISBN: 978-1-5297-1485-2; 978-1-5264-5725-7
• Ort: Los Angeles ; London ; New Delhi ; Singapore ; Washington DC ; Melbourne
• Bemerkung: Chapter 13
• Sprache: Englisch