Edited by Anthony J. Nyberg and Thomas P. Moliterno
Chapter 23: A pay system model for turning human capital resources into action
We propose a pay system model showing how three pay practice decisions – salary level, pay for performance (PFP) proportion, and the organizational level of PFP targets – affect human capital resources (HCRs) through sorting and incentive effects. The model also shows how the three pay practice decisions help utilize the HCR capacity to achieve desired outcomes. This addresses areas where research often underestimates the role that pay has in affecting the make-up or capacity of the HCR and the manner by which pay turns or enacts the HCR capacity into unit activity and performance.
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