Compensation

`Gerhart and Rynes provide a thorough, comprehensive review of the vast literatures relevant to compensation. Their insights regarding the integration of economic, psychological and management perspectives are particularly enlightening. This text provides an invaluable tool for those interested in advancing our understanding of compensation practices' - Alison Barber, Eli Broad College of Business, Michigan State University

Introduction to the Series - David A. WhettenAcknowledgments1. Introduction: The Enigmas of Compensation Objectives Outline of the Book2. Differences in Pay Level: Why Do Some Companies Pay More Than Others? A Tale of Two Markets The Case for Limited Discretion: Neoclassical Economic Theory Post-Institutional Economics: Theory Meets Reality Why It May "Pay" to Pay More The International Dimension Differences in Pay Levels for Particular Jobs Research on Pay Level Decision Making Summary Resource 2.13. Effects of Pay Level: What Do Employers Get in Return for Higher Pay? Theories of the Importance of Pay to Individuals What Do Employers Get in Return for Higher Pay Levels? Future Research4. Pay Structure: Relative Pay Within Organizations The Role of Jobs and Job Evaluation in Pay Structure Theories of Differences in Pay Structure Work-Life Incentives Empirical Research on the Effects of Pay Structure Future Research5. Pay Basis: Theories of Motivation and Pay for Performance Effects of Pay and Motivational Programs on Performance: Meta-Analytic Results Theories of Pay-Performance Relationships Psychological Versus Economic Perspectives Workforce Composition, Sorting, and Personality-Based Theories Future Research6. Pay-for-Performance Programs: Empirical Evidence Broad Policy Decisions Putting It All Together: Empirical Evidence on Pay Programs Summary Future Research7. Pay Strategy Strategic Fit and Alignment Beyond Generic Strategies: The Resource-Based View of the Firm Beyond Direct Earnings: Total Rewards Summary and Future Research8. Toward the Future Future Research Methodological RecommendationsReferencesIndexAbout the Authors