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Motivation and markets

Article Abstract:

An analysis of the widespread use of performance based pay and the social norms surrounding the concept of fair wage reveals that Performance pay is better than efficiency wages in industries where the cost of having a job vacant is higher than the cost of a worker remaining unemployed. Moreover, the study reveals that capital intensive industries pay more than less capital-intensive industries and that sustaining an efficient outcome requires a social convention similar to that of fair wage.

Management consulting services, Personnel Training & Consulting, Human Resources and Executive Search Consulting Services, Employee performance appraisals, Employee training, Performance appraisals, Incentives (Business)

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Relational incentive contracts

Article Abstract:

The impact of self-enforced relational contracts of firms on compensation and incentive provision for employees is examined.

Economic aspects, Employee incentives

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Matching and price competition

Article Abstract:

A dynamic model for balancing employee benefits with organizational profits is presented.

Management dynamics, Management, Employee benefits, Company business management, Profitability

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