Base Salaries, Bonus Payments, and Work Absence among Managers in a German Company
Research output: Working paper › Working papers
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Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2012. (Working paper series in economics; No. 259).
Research output: Working paper › Working papers
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TY - UNPB
T1 - Base Salaries, Bonus Payments, and Work Absence among Managers in a German Company
AU - Pfeifer, Christian
PY - 2012
Y1 - 2012
N2 - Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German company are analyzed. The main findings are: (1) base salaries increase significantly with age, whereas bonuses decrease with age; (2) larger agreed bonuses are correlated with fewer absent working days.
AB - Questions about compensation structures and incentive effects of pay-for-performance components are important for firms' Human Resource Management as well as for economics in general and labor economics in particular. This paper provides scarce insider econometric evidence on the structure and the incentive effects of fixed base salaries, paid bonuses, and agreed bonuses under a Management-by-Objectives (MBO) incentive scheme. Six years of personnel data of 177 managers in a German company are analyzed. The main findings are: (1) base salaries increase significantly with age, whereas bonuses decrease with age; (2) larger agreed bonuses are correlated with fewer absent working days.
KW - Economics
KW - absenteeism
KW - bonus
KW - effort
KW - incentives
KW - insider econometrics
KW - wages
M3 - Working papers
T3 - Working paper series in economics
BT - Base Salaries, Bonus Payments, and Work Absence among Managers in a German Company
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -