Remuneration

Armin Trost
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Armin Trost: Furtwangen University

Chapter 9 in Human Resources Strategies, 2020, pp 223-251 from Springer

Abstract: Abstract In this chapter the meaning of remuneration is first discussed. Is salary a prerequisite or a consequence of work? After discussing different compensation policies, this chapter turns to base pay and variable pay. It becomes clear that different understandings of leadership and organization are reflected in the respective compensation systems. Depending on the understanding, it is assumed that fixed and variable pay are of varying importance in terms of motivation, fairness, social dynamics and talent acquisition.

Keywords: Stock options; Job evaluation; Job value; Bonuses; Broadbanding; Compensation policy; Extrinsic motivation; Flexible grading; Pay band; Equal pay; Pay grade; Pay transparency; Pay differences; Equity; Profit sharing; Base pay; Intrinsic motivation; Contingent pay; Employee stock ownership; Motivation; Overjustification effect; Total compensation; Variable pay; Compensation (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-030-30592-5_9

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DOI: 10.1007/978-3-030-30592-5_9

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