Employee ownership is linked to better company performance on average. Employee ownership companies have more stability, higher survival rates, and fewer layoffs in recessions, potentially leading to lower unemployment in the overall economy. Employer stock tends to come on top of, rather than substitute for, regular employee compensation, and thereby adds to pay and wealth in general. The broa...

the employee engagement has emerged as a pivotal business driver for organizational success. high level of engagement in domestic and global firms is supposed to have multiple enriching effects on an organization. studies have highlighted the importance of both organizational and individual factors in ensuring highly engaged employees. the present paper explores the individual differs across fo...

OBJECTIVE We performed an integrated cross-sectional analysis of relationships between long-term care work environments, employee and resident satisfaction, and quality of patient care. METHODS Facility-level data came from a network of 203 skilled nursing facilities in 13 states in the eastern United States owned or managed by one company. K-means cluster analysis was applied to investigate ...

Firms are continuously improving their human resource management (HRM) practices in order to achieve sustainable competitive advantage and increase their profitability. These practices include employee involvement, training, empowerment, compensation and rewards, etc. The purpose of this research is to examine the relationship between human resource practices and firm performance. Using compani...

Human resources (HR) and compensation professionals in australia were surveyed to determine how they communicate rewards information to employees. The rewards communications survey examined five reward components: organization reward strategy and philosophy, base pay, base-pay increases, short-term variable pay and benefits. This research found that HR and compensation professionals believe tha...

This paper shows that, by adding a limited liability constraint to a standard relational contract model with imperfect public monitoring, one can obtain de…nitive empirical implications of optimal relational contracts that shed light on important features of employment relationship. First and foremost, the employment dynamics has an “up-or-out”property. An employee begins the employment relatio...

We analyze how rank-and-file employee compensation contracts of target firms affect the negotiations of merger terms and merger outcomes. Using unique data from merger agreements, we document that in 80% of all deals at least some of the target’s employee stock options are canceled by the acquirer. Employees lose approximately half of their option value in the average M&A deal. By exploiting th...