PADP 6920 Lecture Notes - Lecture 4: Regression Analysis

• School: University of Georgia
• Department: Public Administration and Policy
• Course: PADP 6920
• Professor: Kim

Document Summary

Compensation strategies: internal alignment, external competitiveness, employee contribution > performance-based pay. Factors influencing compensation: employee expectations, perceptions of fairness, economic pressures, competitive labor market wages, benefits provided to employees, organization"s ability to play, federal, state, & local laws. & perceive the situation as fair : two types of social comparisons, external equity. Standard that compares an employer"s wages with the rates prevailing in external markets for the employee"s position. External markets can better reflect realities of supply & demand. Consequences > external employee movement; labor costs; employee attitudes. Standard that requires employers to set wages for jobs within their organi- zations that correspond to the relative internal value of each job. More valuable positions receive higher wages & greater compensation. Consequences > internal employee movement; cooperation; employee attitudes: restoring equity > if employees conclude that they are under-rewarded, they are likely to make up the difference in one of three ways: Put forth less effort (reducing their inputs)