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The Paradox of Performance-Related Pay Systems: Why Do we Keep Adopting Them in the Face of Evidence that they Fail to Motivate?

David Marsden

in Paradoxes of Modernization: Unintended Consequences of Public Policy Reform

Published in print:
2010
Published Online:
September 2010
ISBN:
9780199573547
eISBN:
9780191722677
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199573547.003.0010
Subject:
Business and Management, Public Management, Organization Studies

This chapter analyses the case of pay for performance in the British Civil Service since the 1980s, which progressively moved from a 19th-century classified pay system (in which pay rises came either ... More


Pay and Performance

Phil Almond, Michael Muller-Camen, David G. Collings, and Javier Quintanilla

in American Multinationals in Europe: Managing Employment Relations Across National Borders

Published in print:
2006
Published Online:
September 2007
ISBN:
9780199274635
eISBN:
9780191706530
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199274635.003.0007
Subject:
Business and Management, HRM / IR

This chapter analyses the management of pay and performance in the case study companies, against the background of the embedded systems of the USA and the host countries. Both wage classifications ... More


American Multinationals in Europe: Managing Employment Relations Across National Borders

Phil Almond and Anthony Ferner (eds)

Published in print:
2006
Published Online:
September 2007
ISBN:
9780199274635
eISBN:
9780191706530
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199274635.001.0001
Subject:
Business and Management, HRM / IR

This book addresses some of the major contemporary issues in comparative business and employment relations. At its core are the findings of a four-year international exploration of the management of ... More


Employment Adjustment and Distributional Conflict in Japanese Firms 1

Gregory Jackson

in Corporate Governance in Japan: Institutional Change and Organizational Diversity

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199284511
eISBN:
9780191713705
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199284511.003.0010
Subject:
Economics and Finance, South and East Asia

This chapter examines employment practices and adjustment drawing on both survey data and case study materials. While over 80% of Japanese listed firms maintain a commitment to lifetime employment, ... More


Corporate Governance for Crooks? The Case for Corporate Virtue

Margit Osterloh and Bruno S. Frey

in Corporate Governance and Firm Organization: Microfoundations and Structural Forms

Published in print:
2004
Published Online:
September 2007
ISBN:
9780199269761
eISBN:
9780191710087
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199269761.003.0009
Subject:
Business and Management, Corporate Governance and Accountability

This chapter highlights some important unintentional adverse consequences of mechanisms that are commonly recommended for improving CG. It argues that the circle of reinforcement of monitoring, ... More


Incentive Compensation: What You Measure and Reward Is What Gets Done

John D. Martin, J. William Petty, and James S. Wallace

in Value–Based Management with Corporate Social Responsibility

Published in print:
2009
Published Online:
September 2009
ISBN:
9780195340389
eISBN:
9780199867257
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195340389.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics, Financial Economics

This chapter presents a fundamental component of every firm's internal control system, its compensation program. The basic paradigm espoused by the proponents of VBM is that what a firm measures and ... More


Defragmenting Health Care Delivery Through Quality Reporting

Kristin Madison

in The Fragmentation of U.S. Health Care: Causes and Solutions

Published in print:
2010
Published Online:
May 2010
ISBN:
9780195390131
eISBN:
9780199775934
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195390131.003.005
Subject:
Law, Medical Law

One of the many factors that contribute to fragmentation in the delivery of health care services is the law. While laws hindering efforts to coordinate care take multiple forms, many share an aim of ... More


Changes to the Employment and Treatment of Regular Employees

Marcus Rebick

in The Japanese Employment System: Adapting to a New Economic Environment

Published in print:
2005
Published Online:
July 2005
ISBN:
9780199247240
eISBN:
9780191602566
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199247242.003.0003
Subject:
Economics and Finance, South and East Asia

Examines changes that have been taking place in the treatment of regular full-time workers in Japan. Among the developments examined are the introduction of performance-related pay, flattening of the ... More


Corporate Finance and Human Resource Management in Japan 1

Masahiro Abe and Takeo Hoshi

in Corporate Governance in Japan: Institutional Change and Organizational Diversity

Published in print:
2007
Published Online:
September 2007
ISBN:
9780199284511
eISBN:
9780191713705
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199284511.003.0009
Subject:
Economics and Finance, South and East Asia

Corporate governance can be defined as a system that constitutes an institution that constrains relations between corporate managers and various stakeholders, including shareholders, creditors, ... More


Introduction

Alex Bryson, Richard Freeman, Claudio Lucifora, Michele Pellizzari, and Virginie Pérotin

in Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199669806
eISBN:
9780191749407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199669806.003.0010
Subject:
Economics and Finance, Macro- and Monetary Economics

The chapter introduces the main issues raised by the second section of the book. First, the authors argue that, in recent years, a growing proportion of firms introduced incentive pay schemes. ... More


Physician Pay for Performance: Alternative Perspectives

Brian R. Golden and Frank A. Sloan

in Incentives and Choice in Health Care

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262195775
eISBN:
9780262283816
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262195775.003.0011
Subject:
Economics and Finance, Econometrics

This chapter examines the issue of paying more to physicians who perform better on some predetermined criteria. The debate is not about paying more for better service, but about whether the quality ... More


Performance Pay and Financial Participation 1

Alex Bryson, Richard Freeman, Claudio Lucifora, Michele Pellizzari, and Virginie Pérotin

in Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199669806
eISBN:
9780191749407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199669806.003.0012
Subject:
Economics and Finance, Macro- and Monetary Economics

The diffusion of incentive pay schemes ranges from around 10–15 per cent in some European countries to over 40 per cent in Scandinavian countries and the US. Individual pay and profit/gain sharing ... More


The Diffusion of Pay-for-Performance Institutions

Scott Wilson

in Remade in China: Foreign Investors and Institutional Change in China

Published in print:
2009
Published Online:
October 2011
ISBN:
9780195388312
eISBN:
9780199852536
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195388312.003.0006
Subject:
Political Science, Political Economy

This chapter addresses the dynamic interaction between micro-level institutional change and macro-level reforms of labor institutions, emphasizing on the compensation institutions. It moves beyond ... More


Empirical Literature

Alex Bryson, Richard Freeman, Claudio Lucifora, Michele Pellizzari, and Virginie Pérotin

in Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199669806
eISBN:
9780191749407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199669806.003.0014
Subject:
Economics and Finance, Macro- and Monetary Economics

Most studies suggest that when firms have good performance measures, performance-related pay is associated with improved employee productivity and better worker–firm match. If all firms that would ... More


A primer on pay: Executive Compensation and Efficient Contracting

Graeme Guthrie

in The Firm Divided: Manager-Shareholder Conflict and the Fight for Control of the Modern Corporation

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190641184
eISBN:
9780190641214
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190641184.003.0005
Subject:
Economics and Finance, Financial Economics

One of a board’s most important roles is setting executive pay. This chapter introduces the various components of executive compensation schemes and analyzes the pay-setting process using the ... More


You Get What You Pay For

Frederick M. Barken

in Out of Practice: Fighting for Primary Care Medicine in America

Published in print:
2011
Published Online:
August 2016
ISBN:
9780801449765
eISBN:
9780801460609
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9780801449765.003.0011
Subject:
Public Health and Epidemiology, Public Health

This chapter discusses a key issue in the financing of primary care: physician reimbursement. It first considers the widening disparity between the obligations of the primary doctor as communicator ... More


Introduction

Tito Boeri, Claudio Lucifora, and Kevin J. Murphy

in Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199669806
eISBN:
9780191749407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199669806.003.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

The author suggests that performance-related pay, because ill-designed for bankers or not sufficiently widespread among employees, has played an important role in the last two world crises. ... More


Secondary care: hospital financing

Jan Abel Olsen

in Principles in Health Economics and Policy

Published in print:
2017
Published Online:
September 2017
ISBN:
9780198794837
eISBN:
9780191836329
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198794837.003.0015
Subject:
Public Health and Epidemiology, Public Health, Epidemiology

This chapter discusses the three most widely used payment systems for hospitals. While concepts differ, payment models in secondary care have parallels to those used in primary care. In retrospective ... More


What Is Fair Pay for Executives?

Venkat Venkatasubramanian

in How Much Inequality Is Fair?: Mathematical Principles of a Moral, Optimal, and Stable Capitalist Society

Published in print:
2017
Published Online:
January 2019
ISBN:
9780231180726
eISBN:
9780231543224
Item type:
chapter
Publisher:
Columbia University Press
DOI:
10.7312/columbia/9780231180726.003.0007
Subject:
Economics and Finance, Econometrics

We compare our theory’s prediction regarding executive compensation. The theory’s predictions are in line with what Peter Drucker, J. P. Morgan, and Warren Buffet have argued as a fair CEO ... More


Changes in Japanese and South Korean Employment Practices: Lessons on the Character of Institutional Change and of Business Systems

Arjan Keizer

in Changing Asian Business Systems: Globalization, Socio-Political Change, and Economic Organization

Published in print:
2016
Published Online:
April 2016
ISBN:
9780198729167
eISBN:
9780191795886
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198729167.003.0005
Subject:
Business and Management, International Business, Political Economy

Both Japan and Korea had to whither important economic crises that inspired heated debate about the need for change in their economic institutions. This chapter discusses and compares the subsequent ... More


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