There is a growing acknowledgement by researchers and practitioners alike that adverse psychosocial work factors (i.e. work stress) can lead to negative physical health implications for workers, such as weight gain and high blood pressure. A Canadian study examined workplace effort-reward imbalance and its relationship with blood pressure and body mass index over a five-year period and found that effort-reward imbalance exposure was related to increases both in blood pressure and body mass index.
Key Topics: Effort–reward imbalance; Psychosocial work factors; Work stress; Body mass index; Blood pressure
In many countries, gender diversity in the workplace is a hot topic and the role of women on corporate boards and compensation committees has come under scrutiny from regulators and legislators. A recent study of US companies examined the effect of compensation committee gender diversity on CEO compensation. Unsurprisingly, women were found to be underrepresented on compensation committees, however of the female members that there were, they were found to be younger and less experienced that their male counterparts. Additionally, greater gender diversity on compensation committees was not found to significantly influence the determination of CEO compensation.
Key Topics: Compensation committee; Gender diversity; Executive compensation; CEO compensation
In the ever-competitive arena of recruiting top talent, companies are increasingly looking at different avenues that can give them a competitive advantage in attracting high caliber employees. A Canadian study examined the effect of innovative perks, training opportunities, and company ethics on the attractiveness of companies to prospective employees and found that all three of these elements increased company attractiveness. Some interesting relationships between these three elements were also found.
Key Topics: Innovative perks; Training; Company ethics; Employee attraction; Organizational attractiveness.
With the competitive landscape becoming increasingly difficult, companies are looking for ways to optimize employee effort and performance. One mechanism used by many companies is pay-for-performance, linking compensation directly to performance. A Norwegian study investigated the role of base pay and variable pay-for-performance plans in the Insurance industry over a 2-year period, and found that such compensation plans can lead to increased effort and deceased turnover intentions, but via employee job motivation.
Key Topics: Pay-for-performance; Employee motivation; Employee effort; Turnover intention
With employee health problems and associated employer costs on the rise, many companies are looking for novel ways to improve employee wellness. A study at Cornell University examined the effect of tying 10% of manager compensation to employee wellness and found that managers were more likely to promote employee wellness when incentivized to do so, and managers also expressed a preference to work for companies with such incentives in place.
Key Topics: Workplace wellness; Employee health; Performance evaluations; Management compensation
Deciding what to do next after a job separation is an unenviable task many individuals are faced with at some point, and when it comes to those of more advanced years one of the primary options is often to retire. A study at Boston College examined the conditions that lead individuals aged 50-70 to decide to retire or not following a job separation. A number of factors were found to increase the likelihood of retirement, particularly having high net worth, having an accessible pension plan, and being eligible for Social Security retirement benefits.
Key Topics: Retirement; Pension; Benefits; Social Security |
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