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- Compensation; Job titles; Compensation costs; Cost control; Employment policies; Wages & salaries (1)
- Firefighters; Arbitration; Compensation; Labor disputes; Labor contracts; Collective bargaining; Labor market (1)
- Pay (1)
- Sabbatical leave; Job satisfaction; Return on investment; Employee benefits; Productivity (1)
Articles 1 - 6 of 6
Full-Text Articles in Business
Sabbaticals, Kevin F. Hallock
Sabbaticals, Kevin F. Hallock
Economics Faculty Publications
With the year end upon you and many workplaces closing, reducing hours or accommodating employee vacations because of the holidays, this column focuses on rewards in the form of time away from work that is not so common -- sabbaticals. Sabbaticals are a generous benefit to those workers who have them. And they can clearly be an important part of a total rewards package. According to inc.com, while 5% of firms in the US offer sabbaticals, 25% of the companies listed in "Best Companies to Work For" offer them. Corporate sabbaticals, however, aren't typically as generous in length as those …
Paid Workers And Volunteers, Side By Side, Kevin F. Hallock
Paid Workers And Volunteers, Side By Side, Kevin F. Hallock
Economics Faculty Publications
Millions of Americans volunteer annually and, on average, volunteers are highly skilled individuals. With unpaid volunteers working alongside W2-paid employees, sometimes it is difficult in a workplace to distinguish one from the other. Motivations for volunteering are many and the author does not intend to fully explore the myriad reasons identified by social scientists for this behavior, including to gain experience, create a path to a paid job, offer service to others or gain personal recognition. An interesting study of volunteerism is Richard Freeman's Working for Nothing: The Supply of Volunteer Labor. Using data from a unique survey, Freeman showed …
Paying To Put Out Fires, Kevin F. Hallock
Paying To Put Out Fires, Kevin F. Hallock
Economics Faculty Publications
There is surprisingly little academic work on the compensation of firefighters. This may be, in part, because their wages are often set by collective bargaining agreements and that those paid as firefighters are regularly paid by seniority. But many aspects of the labor market can still be studied through this interesting occupation, including labor unions, compensation for job risk and even volunteerism. Consider the mountains of papers on Fortune 500 CEOs relative to the number (500) of employees doing this job in the US. In contrast, consider the tiny number of papers on firefighters relative to the large numbers who …
Tipping, Technology And Lessons In Compensation Design, Kevin F. Hallock
Tipping, Technology And Lessons In Compensation Design, Kevin F. Hallock
Economics Faculty Publications
New technologies seem to be popping up everywhere to make it easier for customers to exercise their power to pay. From personal phone apps to iPad kiosks in restaurants to video screens in taxis, a tip amount is instantly calculated for you just choose the percent or level you wish to tip. All this technological assistance on tipping is also creating exciting, new data sources. Increasingly, labor economists and other social scientists are using such data sources to better understand how people respond to incentives and the resulting workplace implications. The tipping examples described in this article offer some interesting …
Pay And Time Of Day, Kevin F. Hallock
Pay And Time Of Day, Kevin F. Hallock
Economics Faculty Publications
Is when we work an important part of total rewards? Total rewards are important to workers and organizations.
Titles As Compensation, Kevin F. Hallock
Titles As Compensation, Kevin F. Hallock
Economics Faculty Publications
Wages and salaries are just part of total rewards. Insurance, vacation time, bonuses, and working conditions are other important forms of compensation. Each of these costs the organization something. But there are other attributes of jobs -- less easily measured in dollars -- that employees value. These can include colleagues, company reputation, and even job titles. At the margin it is possible to imagine a tradeoff between a higher salary and a job title. In fact, some have argued that some firms offer titles in absence of raises where salary budgets are slim. When thinking about job titles as a …