• Summary
  • Contents
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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. 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.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.

Effects of Pay Level: What Do Employers Get in Return for Higher Pay?
Effects of pay level: What do employers get in return for higher pay?

If you focus solely on compensation and change compensation only, you will get two results: nothing will happen, and you will spend a lot of money getting there.

—Director of Compensation at Xerox Customer Operations (as quoted in Pfeffer, 1998a)

The committee considered it appropriate, and in the best interest of the share owners, to set the overall level of the company's salary, bonus and other incentive compensation awards above the average of companies in the comparison group in order to enable the company to continue to attract, retain and motivate the highest level of executive talent possible.

—2001 Proxy Statement Report of ...
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