Bonuses and investment in intangibles |
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Authors: | Tahir M Nisar |
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Institution: | (1) University of Southampton, SOU 1BJ, UK |
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Abstract: | Traditional analyses of bonuses have focused on performance measures such as output or profit as the sole determinant of bonus
pay plans. However, com-panies now use bonuses for a variety of purposes, including employee recruit-ment and retention and
to obtain better outcomes in quality and customer service. These trends suggest that a host of strategic considerations influence
company decisions about bonus payouts, ranging from traditional concerns such as employee performance to the company’s reputation
among prospective employ-ees and customers, stakeholder influence, and support for technological and organizational change
as part of company plans to develop intangible assets. Using data from 2000 ELCS (European Labor Cost Survey), I investigate
the determinants of bonus payouts, in particular how a company’s concerns about intangible assets affect its bonus outlays.
Consistent with a growing body of evidence, both individual and workplace effects are important in explaining the variation
in the incidence of bonus payments. Specifically, the findings suggest that human capital investments are positively related
to bonus payments. |
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Keywords: | |
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