Certifying compensation and benefits management competencies

The American Compensation Association (ACA) has been certifying HR professionals since 1976. Its certification programs are based on a contemporary, evolving body of knowledge that reflects leading‐edge human resource competencies. Many people choose seminars to prepare for ACA exams. Taught by a cadre of nearly 400 practitioners, ACA's seminars are offered through hotel and conference centers, corporate in‐house programs, and, most recently, through the Academic Partnership Network (APN). The APN, established in 1997, serves as ACA's link to college and university teaching and research communities. © 1999 John Wiley & Sons, Inc.     

对知识员工的薪酬管理体系研究

作者通过对知识员工的特点及其薪酬管理现状的分析,来探讨如何建立知识员工的薪酬管理体系,提出了对知识员工的长短期激励相结合等基本薪酬原则,实施全面薪酬战略,薪酬结构宽带化,以及团队薪酬等薪酬策略。     

Executive compensation and earnings management under moral hazard

This paper analyzes executive compensation in a setting where managers may take a costly action to manipulate corporate performance, and whether managers do so is stochastic. We show that an increase in the possibility of manipulation actually calls for executive pay to be more responsive to reported performance. In addition, regulatory reforms that increase the cost involved in manipulation may lead to reduced pay-for-performance sensitivities. The time-series and cross-sectional variations of executive compensation lend support to our model.     

路径与选择:薪酬管理机制的完善

薪酬的功能主要体现在维持保障、激励员工、优化劳动力资源配置等方面。文章针对我国薪酬管理制度的现存问题,提出了相关对策建议。     

A longitudinal study of habitual entrepreneurs: starters and acquirers

This study provides insights into the characteristics and behaviour of habitual starter entrepreneurs (i.e. individuals who have established more than one business) and habitual acquirer entrepreneurs (i.e. individuals who have purchased/acquired more than one business). A human capital perspective is utilized to illustrate that the human capital accumulated by a habitual entrepreneur may influence their subsequent behaviour. Prior business ownership experience is discussed in relation to an entrepreneur's human capital accumulation, as well as their search and business opportunity identification behaviour. A case study approach is used to develop propositions that highlight the similarities and differences between habitual starter and acquirer entrepreneurs. Implications for researchers and practitioners are discussed.     

民营企业薪酬管理的问题与对策

经过二十多年的发展,民营企业已成为国民经济的重要组成部分。但是现阶段民营企业薪酬管理中所暴露出来的问题已越来越成为制约民营企业发展的障碍,文章阐述了民营企业薪酬管理方面存在的普遍性问题,并提出了改善民营企业薪酬管理的相应策略。     

Top management team compensation in high-growth technology ventures

We examine the key compensation issues pertaining to the top management team that occur during the early stages of growth in new ventures, specifically those anticipating rapid growth such as in technology-intensive markets. Similar to other new ventures, high-growth technology ventures are small in size but they have a goal of rapid growth giving rise to a need for resources and managerial talent to sustain the growth. New ventures are likely to compete in the market with larger organizations for top management team members. As a result, new ventures in rapid growth technology markets experience some unique compensation challenges. Critical for these firms is the issue of distributing equity among members of the founding team and structuring compensation to attract and retain non-founder executives. Drawing from the human resource management and entrepreneurship literatures, this paper develops a set of propositions predicting top management team compensation strategies for rapidly growing new ventures. Directions for future research are also discussed.     

激励理论在薪酬管理中的应用

薪酬管理是企业人力资源管理中非常关键的部分,薪酬的设计模式是影响员工工作积极性和企业生产经营效益的重要因素,科学、合理的薪酬决策和管理模式对提高企业的整体水平有重要的意义。文章侧重探析激励理论在薪酬管理中的应用,以期进一步提高企业的经济效益。     

Corporate control and management compensation: Evidence on the agency problem

This paper finds a relationship between management compensation and corporate control consistent with the hypothesis that in closely held companies major shareholders engage in monitoring activities that reduce the residual loss portion of agency costs. This result is incosistent with Fama's (1980) suggestion that the wage determination process in managerial labor markets may resolve the agency problem.     

The influence of private equity and venture capital on the post-IPO performance of newly-public acquirers

This paper examines the influence of private equity (PE) and venture capital (VC) ownership on the post-initial public offering (IPO) performance of newly-public acquirers. Our results show that acquirers with PE- or VC-backing at the time of the IPO perform better long-term than acquirers without such backing. More importantly, while acquirers without financial backing experience negative long-run returns from first-year acquisitions, acquirers with continued PE- and VC-backing perform significantly better when making acquisitions within the first year after going public. However, acquiring firms and investors should be aware that for mergers in the second and third year post-IPO, continued VC ownership has a detrimental long-term impact. In contrast, higher levels of continued PE ownership tend to have a positive relationship with long-run performance.     

试论企业年金在我国企业薪酬管理中的作用

薪酬管理是企业人力资源管理的核心课题之一,是企业增强竞争力、吸引和留住人才的重要手段。探索企业年金在我国企业薪酬管理中所起的作用具有重要的理论与实践意义。文章简述了企业年金的概念及性质,介绍了薪酬管理的内容及我国企业薪酬管理现状,并对企业年金制度在我国企业薪酬管理中的作用加以分析。     

论微机频频死机的原因及处理

电脑如今已进入我们的生活、学习和工作等各个领域,在数码技术大行其道的今天,电脑在给我们带来极大的方便和乐趣的同时,也给我们带来了一些麻烦。很多人在消除部件、应用程序及关键的数据文件或杀毒软件的病毒的同时对正常的文件进行了误操作,破坏了正常文件的结构。碰到这类问题,只能将被损坏的系统或软件重装。     

Shaping the future research agenda for compensation and benefits management: Some thoughts based on a stakeholder inquiry

This article highlights some avenues for future research in the field of compensation and benefits management. In order to achieve this, the author has included multiple stakeholder perspectives. First of all, the article provides an overview of the opinions and attitudes of line managers, employees and compensation and benefits practitioners. Based on these results, and taking existing empirical research into account, the article proposes that further research be conducted on the following aspects of rewarding: (1) the external environment — and more specifically, the impacts that an ageing population, geographical differences, and the economic situation have on rewarding; (2) employee perspectives towards rewarding; (3) total rewards; and (4) reward processes and procedures, such as performance management and reward communication.     

The effect of mergers and acquisitions on environmental,social and governance performance and market value: Evidence from EU acquirers

This study explores the effect of environmental, social, and governance (ESG) performance on market value and performance in the context of mergers and acquisitions. We examine whether acquisition of targets with better ESG performance can help acquirers to increase their own ESG performance and whether the market values the increased ESG performance positively. Moreover, we explore whether the acquisition of targets with better ESG performance affects the market value of acquirers. For this study, we utilize a sample of 100 European mergers and acquisitions between 2003 and 2017, for which matching data on the ESG performance of both the target and acquiring firms are available. Our results show that the postmerger ESG performance of the acquirer increases following the acquisition of a target that has higher ESG performance than that of the acquirer in the premerger stage, whereas the postmerger market value of the acquirer increases following an increase in the acquirer's postmerger ESG performance in relation to its premerger ESG performance. Finally, we provide partial evidence of a positive relationship between the postmerger market value of the acquirer and the acquisition of a target with higher ESG performance than itself in the premerger stage.     

奔驰卡车频陷“召回门”

国家质检总局缺陷产品管理中心的通报显示,2010～2011年奔驰卡车在华至少发生6起召回事件,涉及车辆955台,其主打车型无一幸免。国家质检总局缺陷产品管理中心公开发布的通报显示,2010～2011年奔驰卡车在华至少发生6起召回事件,涉及车辆至少达955     

Frequent probabilistic punishment in law enforcement

Timing and frequency of punishment are critical elements in law enforcement. Previous studies suggest the superiority of immediate punishment schemes over delayed punishment, as well as the importance of frequent punishment. Yet law enforcement schemes which utilize both frequent and immediate punishment are often cost prohibitive. In this work, we propose the “bad lottery immediate punishment” as an effective substitute to immediate punishment. This is a punishment mechanism that signals immediately to an offender that his violation has been spotted, but the actual penalty is delayed and probabilistic. We discuss implications in law enforcement, where probabilistic punishment is potentially more cost effective. Received: May 2000 / Acccepted: December 2000     

Outside director compensation and firm performance

Compensation given to outside directors has come under increasing scrutiny. However, little empirical work exists which examines outside director compensation. A study of more than 225 major corporations over a five-year period indicates that the number of board meetings and the size of the company are major factors in outside director compensation levels, while organization performance and Chief Executive Officer remuneration do not appear to be significantly related. These findings suggest that market-driven compensation systems are the dominant form used by large organizations to pay outside directors, with a major goal being the attraction and retention of these directors.