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研究生:游安婷
研究生(外文):Yohana Vinas
論文名稱:Overview of Factors to Consider When Designing a Compensation Plan
論文名稱(外文):Overview of Factors to Consider When Designing a Compensation Plan
指導教授:葉穎蓉葉穎蓉引用關係
指導教授(外文):Ying-Jung Yeh
口試委員:呂志豪房美玉
口試委員(外文):Chih-Hao LuMei-yu Fang
口試日期:2019-06-27
學位類別:碩士
校院名稱:國立臺灣科技大學
系所名稱:管理學院MBA
學門:商業及管理學門
學類:其他商業及管理學類
論文種類:學術論文
論文出版年:2019
畢業學年度:107
語文別:英文
論文頁數:27
中文關鍵詞:CompensationJob PerformanceCompensation ModelsMonetary BenefitsNon-Monetary Benefits
外文關鍵詞:CompensationJob PerformanceCompensation ModelsMonetary BenefitsNon-Monetary Benefits
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  • 被引用被引用:0
  • 點閱點閱:161
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Every company wants their employees to perform to their full potential. There are many ways to motivate and enhance their performance and money is at the top of the list. For this reason, compensation is often considered one of the best methods to motivate employees. However, many studies have confirmed that the motivational power of money can wear off with time.

This investigation is a review of the existing literature about the overall effects of different forms of compensation and which factors should be considered when designing an effective compensation plan.
Every company wants their employees to perform to their full potential. There are many ways to motivate and enhance their performance and money is at the top of the list. For this reason, compensation is often considered one of the best methods to motivate employees. However, many studies have confirmed that the motivational power of money can wear off with time.

This investigation is a review of the existing literature about the overall effects of different forms of compensation and which factors should be considered when designing an effective compensation plan.
Table of Contents
Dedication 2
Abstract 3
Chapter 1: Introduction 5
Chapter 2: Literature Review 7
2.1 Compensation 7
2.1.1 Effects of Compensation 8
2.2 Job Performance 9
2.3 Compensation Models 10
2.3.1 Pay-for-Performance 10
2.3.2 Commission-Based Payment 12
2.3.3 Non-monetary Benefits 13
Chapter 3: Discussion 15
3.1 Macro Perspective of Needs 15
3.2 Core Structure 18
3.3 Essential Benefits 20
Chapter 4: Conclusion and Study Limitations 21
References 23
References
1. Aguinis, H., Joo, H., & Gottfredson, R. K. (2012). What monetary rewards can and cannot do: How to show employees the money. Business Horizons, 1-9.
2. Araujo, M. C., & Guerra, M. L. (2007). Emotional Intelligence and Labour Performance at the Directive Level in the Public Superior Institutions. Centro de Investigación de Ciencias Administrativas y Gerenciales, 4(2), 132-147.
3. Beer, M., & Cannon, M. D. (2004, Spring). Promise and Peril in Implementing Pay-For-Performance. Human Resource Management, 43(1), pp. 3-48.
4. Bonner, S. E., & Sprinkle, G. B. (2002). The effects of monetary incentives on effort and task performance: theories, evidence, and a framework for research. Accounting, Organizations and Society, 27, 303-345.
5. Business Dictionary. (n.d.). Compensating Differential. Retrieved March 2019, from Business Dictionary: http://www.businessdictionary.com/definition/compensating-differential.html
6. Chiavenato, I. (2002). Gestión del Talento Humano (Vol. Third Edition). Bogotá: McGraw-Hill.
7. Gopalan, R., Horn, J., & Milbourn, T. (2017, September - October). Comp Targets That Work: How to Keep Executives from Gaming the System. Harvard Business Review, 95(5), 102-107.
8. Kokemuller, N. (2019, January 25). Chron. Retrieved April 2019, from Advantages & Disadvantages to Commission-Based Incentive Plans: https://smallbusiness.chron.com/advantages-disadvantages-commissionbased-incentive-plans-73006.html
9. Lazear, E. P. (2018). Compensation and Incentives in the Workplace. Journal of Economic Perspectives, 32(3), 195-214.
10. Marion Ewing Kauffman Foundation. (2010, June 30). Compensation and Rewards. Retrieved March 2019, from Kauffman Entrepreneurs: https://www.entrepreneurship.org/articles/2010/07/compensation-and-rewards
11. Morley, M. (2019, January 22). Ten Characteristics of a Good Company. Retrieved May 2019, from Chron: https://smallbusiness.chron.com/ten-characteristics-good-company-23397.html
12. Motowidlo, S. J., & Kell, H. J. (2012, September). Job Performance. Handbook of Psychology, 12(Industrial and Organizational Psychology, Edition: 2nd), 91-131.
13. Nzyoka, M. C., & Orwa, H. B. (2016, February). The Relationship Between Total Compensation and Employee Performance in the Insurance Industry, Case of Mayfair Insurance Company Limited. Psychology and Behavioral Sciences, 5(1), 20-36.
14. Quintero, N., Africano, N., & Faría, E. (2008, April). Organizational Climate and Labour Performance of the Company "Vigilantes Associate" Oriental Coast of the Lake. Negotium, 3(9), 33-51.
15. Roberge, M. (2015, April). The Right Way to Use Compensation. Harvard Business Review, 93(4), 70-75.
16. Salter, M. S. (1973, March). Tailor Incentive Compensation to Strategy. Retrieved May 2019, from Harvard Business Review: https://hbr.org/1973/03/tailor-incentive-compensation-to-strategy
17. Sedlak, P. (2015). From Salary to Total Rewards – The Evolution of Compensation. Management Science during Destabilization Global Perspective, 6, 159-166.
18. Sharp, B. (n.d.). HRsoft. Retrieved from How Compensation Affects Employee Performance: https://hrsoft.com/blog/how-compensation-affects-employee-performance/
19. Smith, A. (1776). The Wealth of Nations. Scotland: Modern Library.
20. Stajkovic, A. D., & Luthans, F. (2001, June). Differential Effects of Incentive Motivators on Work Performance. Academy of Management Journal, 4(3), 580-590.
21. Steenburgh, T., & Ahearne, M. (2012, July - August). Motivating Salespeople: What Really Works. Harvard Business Review, 90(7/8), 70-75.
22. Talent Guard. (n.d.). Talent Guard. Retrieved April 2019, from Talent Guard: https://talentguard.com/pay-for-performance-good-idea-or-failed-concept/
23. The Case Against Long-Term Incentive Plans. (2016, October). Harvard Business Review, 94(10), 22-23.
24. Untangling the Relationship Between CEO Pay and Firm Performance. (2018, May - June). Harvard Business Review, 96(3), 30-30.
25. VanOrnum, C. (n.d.). How to Build a Pay-for-Performance Model. Retrieved April 2019, from HR Soft: https://hrsoft.com/blog/build-pay-performance-model/
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