CEO pay, pay differentials, and the pay-performance linkage
Article Abstract:
The American public has long been obsessed with the salaries received by chief executive officers (CEOs). Most Americans believe that most CEOs are overpaid. Since the 1970s, the average pay for US workers in real dollars diminished by 13% while the compensation for CEOs has tripled during the same period. However, there is evidence to prove that CEO pay is linked with corporate performance. For example, the late Roberto C. Goizueta made $58.9 million in salaries and $56 million in restricted stock grants in 1991 as CEO of Coca-Cola Corp. However, the total return to shareholders had averaged 43% since 1988.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1998
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An in-plant study of pay-for-skills: individual satisfaction characteristics
Article Abstract:
The pay-for-skills (PFS) compensation management system was created to address the issue of rewarding and stimulating workers to improve upon their qualifications to perform their jobs. The PFS method is the consequence of developments in just-in-time school of thought which focuses on team building skills and the learning of various skills. Surveys conducted on the effects of PFS revealed that employees' attitudes towards learning new skills and their applications are not directly related with the compensation system.
Publication Name: Journal of Compensation and Benefits
Subject: Insurance
ISSN: 0893-780X
Year: 1998
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