job satisfaction, quits, wages, wage cuts, compensation methods

Contingent Pay, Wages and Worker Wellbeing

Employers can motivate employees by paying for individual performance through for instance piece rates or commissions; or by paying for group performance through share ownership, profit sharing, all-employee stock options; or by offering workers gifts or efficiency wages in the hope that workers will reciprocate with greater effort. Does the form of remuneration affect worker well being differently when the firm does well relative to when it does poorly or when employees work under good or harsh working conditions?

Contingent Pay, Wages and Worker Wellbeing

Employers can motivate employees by paying for individual performance through for instance piece rates or commissions; or by paying for group performance through share ownership, profit sharing, all-employee stock options; or by offering workers gifts or efficiency wages in the hope that workers will reciprocate with greater effort. Does the form of remuneration affect worker well being differently when the firm does well relative to when it does poorly or when employees work under good or harsh working conditions?