Pay Transparency And Productivity
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| Author | : Cédric Gutierrez |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
Taking advantage of the staggered timing of shocks to the availability of wage information for US academics we show that, across a range of metrics, transparency causes no decrease and, in some cases, results in an increase in performance outcomes. However, productivity responses predictably vary based on what transparency reveals. At the individual level, we find that those inequitably overcompensated increase their effort, while those inequitably under-compensated decrease or do not change their effort. At the organizational level, we find that the productivity decreases when pay transparency reveals inequity. Our study provides one of the first field-based empirical investigations of the productivity consequences of wage transparency and points to the importance of delineating the effects driven by equity as opposed to equality of pay.
| Author | : Peter Bamberger |
| Publisher | : Oxford University Press |
| Total Pages | : 257 |
| Release | : 2023 |
| Genre | : Equal pay for equal work |
| ISBN | : 0197628168 |
"Pay, and particularly others' pay, is a topic of interest to all of us. While we may deem it inappropriate to ask our boss what others in the organization are earning, that doesn't mean we wouldn't like to know. Nor is this due merely to curiosity. Knowing the figures on others' paychecks is important because, lacking such information, it's difficult for us to assess how fair our own pay is, whether we are justified in seeking a raise, or whether it's worth our while to seek our fortune in some other organization or career. Moreover, we might look favorably upon greater transparency in pay-related matters not only as employees, but also as citizens. Greater pay transparency might serve as a means to (a) better ensure that labor markets efficiently match individuals with those employers most able to leverage their talent, and (b) make it harder for employers to discriminate, whether intentionally or not, against women, minorities, and other disadvantaged groups with respect to pay"--
| Author | : Todd Zenger |
| Publisher | : Harvard Business Review Press |
| Total Pages | : 221 |
| Release | : 2016-05-24 |
| Genre | : Business & Economics |
| ISBN | : 1633690016 |
A competitive advantage just isn't enough. Your company is turning in regular profits every year, and its market share is only getting bigger. Competitors can’t touch you. So why is your stock price so sluggish? The answer is as simple as it is cruel: investors aren’t interested in history, and they already know you’re profitable and competitive—that knowledge is baked into your stock price. The hard reality is that a competitive advantage just isn’t enough. Investors want companies to surprise them with unexpected value, which means that you can outperform market expectations only if you as a leader know how to find, create, and deliver a series of multiple competitive advantages. This is why a corporate theory is so important. A good corporate theory provides a compass for those at the strategic helm, guiding their decisions about what assets and activities to pursue, what investments to make, and what strategies to adopt. Behind every long-term corporate success story lies a basic theory about how that company creates value. In Beyond Competitive Advantage, strategy professor Todd Zenger describes what makes a great corporate theory and helps readers understand the many tensions and trade-offs they’ll face as they apply the theory to meet the challenge of market expectations. Based on years of research and analysis, Beyond Competitive Advantage provides managers and executives with a framework for both sustaining value and creating growth.
| Author | : OECD |
| Publisher | : OECD Publishing |
| Total Pages | : 134 |
| Release | : 2021-11-30 |
| Genre | : |
| ISBN | : 9264942394 |
Despite big societal changes, and many labour market, educational and public policy initiatives, women are still paid less than men. This report presents the first stocktaking of pay transparency tools across OECD countries and explores how such policies can help level the playing field for women and men at work.
| Author | : Tomasz Obloj |
| Publisher | : |
| Total Pages | : |
| Release | : 2020 |
| Genre | : |
| ISBN | : |
| Author | : Zoe B. Cullen |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : |
| ISBN | : |
Countries around the world are enacting pay transparency policies to combat pay discrimination. 71% of OECD countries have done so since 2000. Most are enacting transparency horizontally, revealing pay between co-workers of similar seniority within a firm. While these policies have narrowed co-worker wage gaps, they have also lead to counterproductive peer comparisons and caused employers to bargain more aggressively, lowering average wages. Other pay transparency policies, without directly targeting discrimination, have benefited workers by addressing broader information frictions in the labor market. Vertical pay transparency policies reveal to workers pay differences across different levels of seniority. Empirical evidence suggests these policies can lead to more accurate and more optimistic beliefs about earnings potential, increasing employee motivation and productivity. Cross-firm pay transparency policies reveal wage differences across employers. These policies have encouraged workers to seek jobs at higher paying firms, negotiate higher pay, and sharpened wage competition between employers. We discuss the evidence on pay transparency's effects, and open questions.
| Author | : David Burkus |
| Publisher | : HarperCollins |
| Total Pages | : 261 |
| Release | : 2016-03-15 |
| Genre | : Business & Economics |
| ISBN | : 0544631609 |
“Makes a provocative case that you should put customers second, close open offices, and ditch performance appraisals.”—Adam Grant, best-selling author of Originals “Under New Management is a lively, provocative must-read.”—Whitney Johnson, author of Disrupt Yourself. Why accepted management practices don’t work—and how innovative companies are changing the rules Should your employees know each other’s salaries? Is your vacation policy harming productivity? Does your hiring process undermine your team? David Burkus argues that the traditional management playbook is full of outdated, counterproductive practices, and he reveals how the alternative management revolution has already started at companies like Netflix, Zappos, Google, and others. Burkus investigates behind their office doors to show how these companies are reevaluating and reinventing the most basic management principles, like hiring, firing, vacation policy, and even office floor plan, and enhancing their business’s success as a result. “Is your company ready for a radical departure from twentieth-century management standards? David Burkus has collected the stories of dozens of companies that are standing the old rules on their heads. Even better, Burkus shows how you can do it, too.”—Daniel H. Pink, best-selling author of Drive and To Sell Is Human ? “If you are going to read one book on being a better manager in the next year, start here. David Burkus has assembled the most practical research and provocative ideas into an incredibly quick read.”—Tom Rath, best-selling author of StrengthsFinder 2.0
| Author | : David Buckmaster |
| Publisher | : HarperCollins |
| Total Pages | : 333 |
| Release | : 2021-06-29 |
| Genre | : Business & Economics |
| ISBN | : 0062998293 |
Longlisted for the 2021 Porchlight Business Book Awards, Management & Workplace Culture An expert takes on the crisis of income inequality, addressing the problems with our current compensation model, demystifying pay practices, and providing practical information employees can use when negotiating their salaries and discussing how we can close the gender and racial pay gap. American workers are suffering economically and fewer are earning a living wage. The situation is only worsening. We do not have a common language to talk about pay, how it works at most companies, or a cohesive set of practical solutions for making pay more fair. Most blame the greed of America’s executive class, the ineptitude of government, or a general lack of personal motivation. But the negative effects of income inequality are a problem that can be solved. We don’t have to choose between effective government policy and the free market, between the working class and the job creators, or between socialism and capitalism, David Buckmaster, the Director of Global Compensation for Nike, argues. We do not have to give up on fixing what people are paid. Ideas like Universal Basic Income will not be enough to avoid the severe cultural disruption coming our way. Buckmaster examines income inequality through the design and distribution of income itself. He explains why businesses are producing no meaningful wage growth, regardless of the unemployment rate and despite sitting on record piles of cash and the lowest tax rates[0] in a generation . He pulls back the curtain on how corporations make decisions about wages and provides practical solutions—as well as the corporate language—workers need to get the best results when talking about money with a boss. The way pay works now will not overcome our most persistent pay challenges, including low and stagnant wages, unequal pay by race and gender, and executive pay levels untethered from the realities of the average worker. The compensation system is working as designed, but that system is broken. Fair Pay opens the corporate black box of pay decisions to show why businesses pay what they pay and how to make them pay more.
| Author | : Facundo Alvaredo |
| Publisher | : Belknap Press |
| Total Pages | : 345 |
| Release | : 2018 |
| Genre | : Business & Economics |
| ISBN | : 0674984552 |
World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the world's leading economists of inequality, it presents--with unrivaled clarity and depth--information and analysis that will be vital to policy makers and scholars everywhere. Inequality has taken center stage in public debate as the wealthiest people in most parts of the world have seen their share of the economy soar relative to that of others, many of whom, especially in the West, have experienced stagnation. The resulting political and social pressures have posed harsh new challenges for governments and created a pressing demand for reliable data. The World Inequality Lab at the Paris School of Economics and the University of California, Berkeley, has answered this call by coordinating research into the latest trends in the accumulation and distribution of income and wealth on every continent. This inaugural report analyzes the Lab's findings, which include data from major countries where information has traditionally been difficult to acquire, such as China, India, and Brazil. Among nations, inequality has been decreasing as traditionally poor countries' economies have caught up with the West. The report shows, however, that inequality has been steadily deepening within almost every nation, though national trajectories vary, suggesting the importance of institutional and policy frameworks in shaping inequality. World Inequality Report 2018 will be a key document for anyone concerned about one of the most imperative and contentious subjects in contemporary politics and economics.
| Author | : Tamara Montag-Smit |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2023 |
| Genre | : Pay equity |
| ISBN | : |
Pay transparency regulations are designed to close the wage gap. Research shows that despite broad assumptions to the contrary, women do negotiate on salary. It also shows that when pay information is paired with performance data, it leads to clearer comparisons and fairer negotiations and can motivate people to perform better. Robust appraisal systems can make pay transparency an opportunity to improve performance rather than a compliance burden.
