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The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park 2017 Cornell University School of Hotel Administration

The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park

Andrey D. Ukhov

This study examines the effect of cost of living (COL) on employee wages in the hotel industry. Although prior research clearly indicates that COL and wages are positively related, there is a lack of research explicitly considering the specific nature of the relationship between COL and wages, and potential moderators to the relationship. Using a dataset containing information on 97 jobs over 67 cities, our study shows that while there is a positive effect of COL on wages, the adjustment is not equal in magnitude to the difference that the COL levels would indicate. Furthermore, the effect of COL decreases ...


The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park 2017 Cornell University School of Hotel Administration

The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park

Michael C. Sturman

This study examines the effect of cost of living (COL) on employee wages in the hotel industry. Although prior research clearly indicates that COL and wages are positively related, there is a lack of research explicitly considering the specific nature of the relationship between COL and wages, and potential moderators to the relationship. Using a dataset containing information on 97 jobs over 67 cities, our study shows that while there is a positive effect of COL on wages, the adjustment is not equal in magnitude to the difference that the COL levels would indicate. Furthermore, the effect of COL decreases ...


Unions And The Labor Market For Managers, John DiNardo, Kevin F. Hallock, Jörn-Steffen Pischke 2017 University of California, Irvine

Unions And The Labor Market For Managers, John Dinardo, Kevin F. Hallock, Jörn-Steffen Pischke

Kevin F Hallock

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a unionized workforce. We develop a simple efficiency wage model, with a tradeoff between higher wages for workers and more monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a variety of data sets, we examine the implications of the model for the relationship between the employment and wages of managers and unionization. We find ...


The Value Of Stock Options To Non-Executive Employees, Kevin F. Hallock, Craig A. Olson 2017 Cornell University

The Value Of Stock Options To Non-Executive Employees, Kevin F. Hallock, Craig A. Olson

Kevin F Hallock

This study empirically investigates the value employees place on stock options using information from the option exercise behavior of individuals. Employees hold options for another period if the value from holding them and reserving the right to exercise them later is higher than the value of exercising them immediately and collecting a profit equal to the stock price minus the exercise price. This simple model implies the hazard describing employee exercise behavior reveals information about the value to employees of holding options another time period. We show the parameters of this model are identified with data on multiple option grants ...


Scholarly Pursuits: Minimum Wage Hikes = Automation = Fewer Jobs? No So, Study Says; The 606 Trail Raises Home Prices And Affordability Concerns, 2017 DePaul University

Scholarly Pursuits: Minimum Wage Hikes = Automation = Fewer Jobs? No So, Study Says; The 606 Trail Raises Home Prices And Affordability Concerns

Business Exchange

A study of minimum wage increases found that they expedite the automation of low-wage jobs but that there was growth in other types of low-wage employment related to this automation.

A study by the Institute for Housing Studies found that homebuyers are paying more to be near Chicago's Bloomingdale Trail, also know as The 606, a linear park on the city's Northwest Side.


The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park 2017 Cornell University School of Hotel Administration

The Effect Of Cost Of Living On Employee Wages In The Hospitality Industry, Michael C. Sturman, Andrey D. Ukhov, Sanghee Park

Articles and Chapters

This study examines the effect of cost of living (COL) on employee wages in the hotel industry. Although prior research clearly indicates that COL and wages are positively related, there is a lack of research explicitly considering the specific nature of the relationship between COL and wages, and potential moderators to the relationship. Using a dataset containing information on 97 jobs over 67 cities, our study shows that while there is a positive effect of COL on wages, the adjustment is not equal in magnitude to the difference that the COL levels would indicate. Furthermore, the effect of COL decreases ...


A Mixed-Methods Study: Self-Efficacy And Barriers To Participation In Workplace Wellness Programs, Massiel Perez-Calhoon 2017 Brandman University

A Mixed-Methods Study: Self-Efficacy And Barriers To Participation In Workplace Wellness Programs, Massiel Perez-Calhoon

Dissertations

America needs a healthy workforce to sustain the country. The scourge of obesity continues to plague Americans despite government initiatives such as the Affordable Care Act and wellness programs in the workplace to combat this epidemic. However, despite initiatives to make America healthy, barriers continued to impede the nation’s health. Lack of awareness and sensitivity to what motivates individual participants versus group participants built formidable barriers to accessing all workplace employees equitably. The purpose of this study was twofold. First, the intent of this study was to explore the relationship between self-efficacy and the impact on participation and engagement ...


Sports, Inc. Volume 9, Issue 2, ILR Cornell Sports Business Society 2017 Cornell University ILR School

Sports, Inc. Volume 9, Issue 2, Ilr Cornell Sports Business Society

Sports, Inc.

The ILR Cornell Sports Business Society magazine is a semester publication titled Sports, Inc. This publication serves as a space for our membership to publish and feature in-depth research and well-thought out ideas to advance the world of sport. The magazine can be found in the Office of Student Services and is distributed to alumni who come visit us on campus. Issues are reproduced here with permission of the ILR Cornell Sports Business Society.


Are Bonus Pools Driven By Their Incentive Effects? Evidence From Fluctuations In Gainsharing Incentives, Alan Benson, Sima Sajjadiani 2017 University of Minnesota, Carlson School of Management

Are Bonus Pools Driven By Their Incentive Effects? Evidence From Fluctuations In Gainsharing Incentives, Alan Benson, Sima Sajjadiani

Institute for Compensation Studies

Shared bonus pools, in which a worker’s bonus depends both on a worker’s share of the pool (which serves as the incentive) and on the size of the pool (which is largely outside of the worker’s control), are a common method for distributing bonus pay. Using variation in the size of the bonus pool generated by a manufacturing plant’s gainsharing plan, which varies incentives for quality and worker engagement, we evaluate the conditions under which incentives distributed from bonus pools have incentive effects. Overall, results are cautionary: the evidence suggests gainsharing’s benefits operate outside of ...


Millennials On The Move, But To Where?, Zach Kisor, Shelby Hoge, Ashley Cosher, Bethany Gump, Derek Carson, Kristi Mitchell 2017 The University of Akron

Millennials On The Move, But To Where?, Zach Kisor, Shelby Hoge, Ashley Cosher, Bethany Gump, Derek Carson, Kristi Mitchell

Honors Research Projects

The following reports discuss the geographical preferences of Millennials in relation to job selection preferences. Our team analyzed the moving trends of Millennials in both Ohio and the United States to determine what factors influence this decision. Collectively, our team concluded that in order to successfully recruit Millennials, companies must offer benefit packages that center around work-life balance. This entails not just highlighting what a job requires technically, but opportunities for leadership development, social activities outside of work, and more. To recruit this upcoming talent, companies need a holistic approach that convinces Millennials that working for their company creates a ...


Nonprofit Pay In A Competitive Market: Wage Penalty Or Premium?, Christian King, Gregory B. Lewis 2017 University of Nebraska–Lincoln

Nonprofit Pay In A Competitive Market: Wage Penalty Or Premium?, Christian King, Gregory B. Lewis

Nutrition and Health Sciences -- Faculty Publications

Two competing theories argue that the nonprofit sector pays differently: Nonprofit employees may accept lower pay to be able to do meaningful work for a good cause, or they may earn higher pay due to nonprofit organizations’ tax exemptions and weaker incentives to hold down wages. To test these opposing expectations, we use the 2005-2013 American Community Surveys to examine pay differences among registered nurses working for nonprofit, for-profit, and public hospitals. We also test hypotheses that public and nonprofit hospitals have smaller pay disparities by gender, race, and relationship status. We find that pay is highest in nonprofit hospitals ...


Librarians And Compensation Negotiation In The Library Workplace, Shannon L. Farrell, Aliqae Geraci 2017 University of Minnesota - Twin Cities

Librarians And Compensation Negotiation In The Library Workplace, Shannon L. Farrell, Aliqae Geraci

Articles and Chapters

Purpose - The purpose of this paper is to report on survey results from a study about librarians’ experience with compensation (salary and benefits) negotiation in the library workplace in order to provide data that will inform professional discourse and practice.

Design/methodology/approach - A primarily quantitative survey instrument was administered via Qualtrics Survey Software and distributed through listservs and social media channels representing a range of library types and sub-disciplines. The survey was explicitly addressed to librarians for participation and asked them questions related to their work history and experience with negotiating for salary and benefits.

Findings - A total of ...


The Impact Of Internal Hiring Processes On Women's Career Advancement And Pay, J.R. Keller 2017 Cornell University

The Impact Of Internal Hiring Processes On Women's Career Advancement And Pay, J.R. Keller

CAHRS ResearchLink

Key Findings

Gender inequality is a frustratingly stubborn and persistent challenge for many organizations. Not surprisingly, then, practitioners and scholars alike have called for additional research into gender differences in advancement and pay both to uncover the reasons why they occur and to suggest ways they might be mitigated, if not eliminated. This study answers that call by examining whether formal job posting is superior to informal sponsorships in: (1) fostering the advancement of women into higher-level jobs, (2) reducing the pay gap between men and women as they progress in organizations, and (3) encouraging women to seek higher-level jobs ...


Gerald Davis, The Vanishing American Corporation (2016), James R. Blair 2016 University of Rhode Island

Gerald Davis, The Vanishing American Corporation (2016), James R. Blair

Markets, Globalization & Development Review

No abstract provided.


A Mixed Integer Linear Programming Approach For Developing Salary Administration Systems, Taner Cokyasar 2016 University of Tennessee, Knoxville

A Mixed Integer Linear Programming Approach For Developing Salary Administration Systems, Taner Cokyasar

Masters Theses

Determining salary increases of executive personnel is a challenging decision process for many companies. Salary administration policies that aid in the determination of salary increases and other compensation benefits have a wide variety of advantages for both a company and its employees. This thesis develops a mathematical programming approach to create a salary administration system that recognizes the importance of performance and potential of employees for future promotions as major components of a salary increase policy for executive personnel. A number of companies all over the world use salary administration systems that integrate work performance and potential for advancement to ...


Parental Leave At Bsu – What We Have And What We Need, Martina B. Arndt, Laura Ramsey, Kimberly E. Fox, Pamela J. Russell Dr, Michael Young 2016 Bridgewater State University

Parental Leave At Bsu – What We Have And What We Need, Martina B. Arndt, Laura Ramsey, Kimberly E. Fox, Pamela J. Russell Dr, Michael Young

Bridgewater Review

No abstract provided.


Why Have Hr Standards?, Chris Andrews 2016 Bond University

Why Have Hr Standards?, Chris Andrews

Bond Business School Publications

Extract:

Ring the bell for this TAG team* grudge match. Do you support Standards or do you come from the Flexibility perspective? Sit back and watch the two teams do battle and then see whether you agree with the umpire’s decisions.

Explainer: *In wrestling a TAG team is usually a team of two wrestlers who compete, one at a time, against either member of another team. In standards development a Technical Advisory Group is known by its acronym ‘TAG’.


Short-Term Trading In Long-Term Funds: Implications For Financial Managers, Pamela Moulton 2016 Cornell University School of Hotel Administration

Short-Term Trading In Long-Term Funds: Implications For Financial Managers, Pamela Moulton

Pamela C. Moulton

Most hospitality firms do not consider managing stock portfolios to be a main part of their operations. They are in the service business, using their real assets and the services provided by employees to create valuable experiences for guests. However, the need to focus on stock investments arises through those employees. Employees consistently rank benefits, including retirement benefits, among the top five contributors to job satisfaction and as a key consideration in accepting a job.1 It is not surprising, then, that more than 90 percent of companies with 500 or more employees offer retirement plans. The five largest hotel ...


Short-Term Trading In Long-Term Funds: Implications For Financial Managers, Pamela Moulton 2016 Cornell University School of Hotel Administration

Short-Term Trading In Long-Term Funds: Implications For Financial Managers, Pamela Moulton

Center for Hospitality Research Publications

Most hospitality firms do not consider managing stock portfolios to be a main part of their operations. They are in the service business, using their real assets and the services provided by employees to create valuable experiences for guests. However, the need to focus on stock investments arises through those employees. Employees consistently rank benefits, including retirement benefits, among the top five contributors to job satisfaction and as a key consideration in accepting a job.1 It is not surprising, then, that more than 90 percent of companies with 500 or more employees offer retirement plans. The five largest hotel ...


Why Are Baby Boomers Staying Employed?, Janelle Gaines 2016 Cornell University

Why Are Baby Boomers Staying Employed?, Janelle Gaines

Cornell HR Review

[Excerpt] The current generation of retirement eligible workers are staying in the workplace significantly longer than previous generations. As people live longer, they opt to remain in the workplace longer in order to continue earning income and stay engaged mentally. The current and projected future changes in eligibility for Social Security retirement benefits also contributes to the shifting of workplace demographics to much older than the past. Many are continuing to work well into their 60s and 70s. Some of these older workers are switching jobs hoping to be repositioned somewhere that offers new beginnings—perhaps less stress, more flexibility ...


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