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Does linking worker pay to firm performance help the best firms do even better?

Author: Douglas Kruse; Joseph R Blasi; Richard B Freeman; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2012.
Series: Working paper series (National Bureau of Economic Research), no. 17745.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper analyzes the linkages among group incentive methods of compensation, labor practices, worker assessments of workplace culture, turnover, and firm performance in a non-representative sample of companies: firms that applied to the "100 Best Companies to Work For in America" competition from 2005 to 2007. Although employers with good labor practices self- select into the 100 Best Companies firms sample,  Read more...
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Additional Physical Format: Print version:
Kruse, Douglas.
Does linking worker pay to firm performance help the best firms do even better?.
Cambridge, Mass. : National Bureau of Economic Research, ©2012
(DLC) 2011657601
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Douglas Kruse; Joseph R Blasi; Richard B Freeman; National Bureau of Economic Research.
OCLC Number: 773091134
Notes: Title from http://www.nber.org/papers/17745 viewed Jan. 17, 2012.
"January 2012."
Description: 1 online resource (30 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 17745.
Responsibility: Douglas L. Kruse, Joseph R. Blasi, Richard B. Freeman.

Abstract:

This paper analyzes the linkages among group incentive methods of compensation, labor practices, worker assessments of workplace culture, turnover, and firm performance in a non-representative sample of companies: firms that applied to the "100 Best Companies to Work For in America" competition from 2005 to 2007. Although employers with good labor practices self- select into the 100 Best Companies firms sample, which should bias the analysis against finding strong associations among modes of compensation, labor policies, and outcomes, we find that in the firms that make more extensive use of group incentive pay employees participate more in decisions, have greater information sharing, trust supervisors more, and report a more positive workplace culture than in other companies. The combination of group incentive pay with policies that empower employees and create a positive workplace culture reduces voluntary turnover and increases employee intent to stay and raises return on equity. Finding these effects in the non-representative "100 Best Companies" sample strengthens the likelihood that the policies have a causal impact on employee well-being and firm performance.

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