Edited by Anthony J. Nyberg and Thomas P. Moliterno
Chapter 3: Commentary on “Setting base pay rates: integrating compensation practice with human capital value creation and value capture”
Samantha Conroy’s intriguing chapter describes how the process for setting base pay rates in firms works, and the opportunities that this process provides for human capital value creation and value capture. We find a great deal of value in digging deeply into the pay setting process, both in understanding how this is done in firms generally and in how firms vary in their approaches to this process. It is clear that both of these aspects of pay setting offer opportunities for firms to garner human capital rents; but it also seems that how firms should approach this process strategically is not straightforward. We highlight a number of different challenges that Conroy’s deep dive into pay setting poses for strategic human capital research.
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