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2018 | OriginalPaper | Buchkapitel

Strategic Compensation and Benefits Management

verfasst von : Ashish Malik

Erschienen in: Strategic Human Resource Management and Employment Relations

Verlag: Springer Singapore

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Abstract

At the end of this chapter, you should be able to:
  • Understand the multiple goals of strategic compensation and benefits
  • Describe the dominant approaches to strategic compensation and benefits
  • Analyse the relationship between of strategic compensation and benefits and performance
  • Identify the theoretical bases for determining strategic compensation and benefits

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Glossar
Agent
in relation to agency theory covered here typically refers to senior leaders of the executive team whom the principals have hired for day-to-day decisions of an organisation.
Principals
are those who own and have invested a major equity stake in an organisation. Though this has now been widely interpreted and used to include other shareholders of an organsiation.
Public service motivation
can be defined as a set of values and attitudes that motivates individuals involved in undertaking public service jobs that serve and benefit the wider society.
Work engagement
refers to employees demonstrating high levels of involvement, dedication and energy in carrying out their work tasks. Often highly engaged employees tend to involve them so much in work that they are sometimes unable to balance their work-life balance but are still holding high levels of job satisfaction.
Work-related stress
is a psychological state of mind that is caused by stressors at work such as the nature of job, excessive volume of work demands, little or no control over one’s workflow, minimal levels of social support, lack of role clarity, high degree of work-related conflict, feelings of job insecurity, and harassment and violence at the workplace.
Literatur
Zurück zum Zitat Armstrong, M. (2007). Employee reward. London: Chartered Institute of Personnel Development. Armstrong, M. (2007). Employee reward. London: Chartered Institute of Personnel Development.
Zurück zum Zitat Baron, J. N., & Kreps, D. (1999). Strategic human resources: Frameworks for general managers. New York: Wiley. Baron, J. N., & Kreps, D. (1999). Strategic human resources: Frameworks for general managers. New York: Wiley.
Zurück zum Zitat Boxall, P., & Purcell, J. (2011). Strategy and human resource management. Houndmills Basingstoke: Palgrave Macmillan. Boxall, P., & Purcell, J. (2011). Strategy and human resource management. Houndmills Basingstoke: Palgrave Macmillan.
Zurück zum Zitat Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305–360.CrossRef Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of financial economics, 3(4), 305–360.CrossRef
Zurück zum Zitat Malik, A., Rosenberger, P. J., III, Fitzgerald, M., & Houlcroft, L. (2016). Factors affecting smart working: Evidence from Australia. International Journal of Manpower, 37(6), 1042–1066.CrossRef Malik, A., Rosenberger, P. J., III, Fitzgerald, M., & Houlcroft, L. (2016). Factors affecting smart working: Evidence from Australia. International Journal of Manpower, 37(6), 1042–1066.CrossRef
Zurück zum Zitat Martocchio, J. J. (2006). Strategic compensation: A human resource management approach. Hoboken: Pearson Education. Martocchio, J. J. (2006). Strategic compensation: A human resource management approach. Hoboken: Pearson Education.
Zurück zum Zitat Stewart, G., & Brown, K. (2009). Motivating employees through compensation. In Human resource management: Linking strategy to practice (pp. 401–441). Hoboken: Wiley. Stewart, G., & Brown, K. (2009). Motivating employees through compensation. In Human resource management: Linking strategy to practice (pp. 401–441). Hoboken: Wiley.
Zurück zum Zitat Dulebohn, J., & Werling, S. (2007). Compensation research: Past present and future. Human Resource Management Review, 17, 191–207.CrossRef Dulebohn, J., & Werling, S. (2007). Compensation research: Past present and future. Human Resource Management Review, 17, 191–207.CrossRef
Zurück zum Zitat Dulebohn, J., Molloy, J., Pichler, S., & Murray, B. (2009). Employee benefits: Literature review and emerging issues. Human Resource Management Review, 19, 86–103.CrossRef Dulebohn, J., Molloy, J., Pichler, S., & Murray, B. (2009). Employee benefits: Literature review and emerging issues. Human Resource Management Review, 19, 86–103.CrossRef
Metadaten
Titel
Strategic Compensation and Benefits Management
verfasst von
Ashish Malik
Copyright-Jahr
2018
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-13-0399-9_13