Compensation in Organizations

The majority of the chapters in this book speak primarily to the effects of pay on people's attitudes and behaviors. However, information about people's reactions to pay have little practical importance to employers unless employers have discretion in setting pay and developing pay policies. As indicated elsewhere in this volume (see Chapters Five, Six, and Seven), employers not only have such discretion but have been exercising it in increasingly diverse ways over the past decade. The increasing diversity of pay strategies and practices makes the study of pay determination processes an important and potentially exciting venture.