Compensation : Theory, Evidence, and Strategic Implications

"The authors artfully synthesize complex scholarly articles from economics, psychology, and sociology. The organization of the book is exceptionally transparent... Compensation should be accessible to a wide range of readers who appreciate a multidisciplinary perspective on organizational issues... I cannot emphasize enough how effectively Gerhart and Rynes discuss compensation thoughout this book. As an experienced academic researcher, I have already benefited tremendously from my first reading of the book . It is a must-read, and I recommend it without reservation to instructors, researchers, and students."
--Industrial and Labor Relations Review

"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

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.

George T. Milkovich is the M. P. Catherwood Professor at the ILR School, Cornell University. He studies and writes about how people get paid and what difference it makes. People's compensation has been his interest for over 30 years. His research has resulted in numerous publications. Four have received national awards for their contributions

Jerry Newman (B.A., U of Michigan; M.A., Ph.D, U of Minnesota) is Distinguished Professor of Organization and Human Resources at the State University of New York at Buffalo.

Dr. Nina Cole received a B.Sc.(Hons.) from Queen's University in 1976, an M.B.A. from the University of Western Ontario in 1978, and a Ph.D.in Organizational Behaviour from the Faculty of Management at the University of Toronto in 1996. Dr. Cole has over twenty years of experience in human resources management as a practitioner, consultant, researcher, and professor. She has twelve years of business experience - eight years as a human resources management consultant with Peat Marwick & Partners, and four years as a human resources manager with Federal Industries. The last eleven years have been spent as an academic, teaching and conducting research in human resources management and organizational behaviour at Brock University, York University, the University of Toronto, and Ryerson University. Nina Cole is the only researcher in Canada studying the employee discipline process and in particular, the role of fairness in effective disciplinary action. She has published articles in both academic journals and industry publications on this topic, and has led seminars to assist managers in this difficult area. Dr. Cole also has expertise in a broad range of human resources management issues including recruiting and selection, training and development, performance appraisal, compensation and benefits, employee terminations, employee communications, human resources planning, motivation, team building, and leadership. She has spoken and written on these topics on numerous occasions and has co-authored a textbook on human resources management. Her other professional activities have included: Chair, Seminars & One Day Conferences Committee, Human Resources Professionals Association of Ontario (1996-2000) Member, Educational Standards Committee, Human Resources Professionals Association of Ontario (1996-2000) Member, Academy of Management (since 1992). Member, Administrative Sciences Association of Canada (since 1992). Chair, Annual Conference, Human Resources Professionals Association of Ontario, 1988, 1989. Member, Human Resources Professionals Association of Ontario (since 1984). Member, Rotary Club of Toronto (since 2001) Member, Niagara-on-the-Lake Rotary Club (2000-2001) Member, Council of the Board of Trade of Metropolitan Toronto, 1984/85. President, Toronto Junior Board of Trade/Toronto Jaycees, 1983/84. Senator # 45759, Junior Chamber International.