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Why have economic theories of pay and reward setting been so heavily criticized? What alternatives were suggested by Wooton (1955)?

论文作者:留学生论文论文属性:学期论文 termpaper登出时间:2010-09-01编辑:anne点击率:3976

论文字数:2713论文编号:org201009011710189950语种:英语 English地区:中国价格:$ 33

关键词:economic theoriesreward settingheavily criticizedalternativesWooton

1.0 Introduction
For JB•Clark, there are three factors those could create the wealth in the world, which are capital, soil and labors, while as one basic means to manage the human resource, pay and reward does play great role (Scarbrough, Elias, 2002). This paper chooses its topic as the economic theories of pay and reward. For seeking to one more advanced theory in this area, this article first will illustrate the general contents of the economic theories of payment and reward, such as the definition and function of them. Following it, it is a part about the different reviews of the economic theories of payment and reward. One is the criticizing opinion and the other one is the acceptance attitude. For these two different attitudes, criticizing will be the important aspect. This paper will state about why economic theories of pay and reward setting have been so heavily criticized. Next part of this article is the relative theory which is suggested by Wooton. It mainly delineates the alternatives of Wooton on the economic theories of pay and reward. At last there is the conclusion of this paper.
2.0General Content英语论文网www.51lunwen.org of economic theories of payment and reward
2.1 Relative economic theories of payment and reward
2.2 Comments toward the economic theories of payment and reward
3.0Two different reviews toward the economic theories
3.1 Criticizing Attitudes and the reasons of it
3.2 Acceptance Attitude and the reasons of it
4.0 Wootton’s Theory
4.1 Basic theory content
4.2 The alternatives of Wootton on economic theories of pay and reward
5.0 Conclusion

6.0 Reference
Wootton. (1955). The Economic Theory of Wages. Social foundation of wage policy. P10-P27
Lewis, P. (2000). Exploring Lawler’s new pay theory through the case of Finbank’s reward strategy for managers’ personnel review. Vol. 29, No. 1 P10-P32
Michael Poole, Glenville Jenkins. (1998). Human resource management and the theory of rewards: evidence from a national survey. British Journal of Industrial Relations. Vol.36, No.2, P227-P247
Kevin B. Lowe, John Milliman, Helen De Cieri, Peter J. Dowling. (2002). International Compensation practices: a ten-country comparative analysis. Human resource management. Vol.41, No.1, P45-P66
Susan Corby, Gooff White, Celia Stanworth. (2005). No news is good news? Evaluating new pay systems. Human resource management journal. Vol.15, No.1, P4-P24
Allen D. Engle Sr, Mark E. Mendenhall. (2004). Transnational roles, transnational rewards: global integration in compensation. Employee Relations. Vol.26, No.2, P613-P625
Thorpe, R. (2000). ‘Design and implementation of remuneration systems’ in Strategic
Reward Systems, R. Thorpe and G.term paper Homan (eds), Harlow: Financial Times/Prentice Hall.
Thorpe, R., Bowey, A. and Goodridge, M. (2000). ‘Auditing a remuneration system’ in Strategic Reward Systems, R. Thorpe and G. Homan (eds), Harlow: Financial
Times/Prentice Hall.
Rynes, S.L. Gerhart, B.A. (eds) (2000). Compensation in Organizations. Current
Research and Practice, San Francisco: Jossey-Bass.
Scarbrough, H. Elias, J. (2002). Evaluating Human Capital, London: Chartered
Institute of Personnel and Development.

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