Casey Ichniowski

Beyond Incentive Pay: Insiders' Estimates of the Value of Complementary Human Resource Management Practices

Coauthor(s): Kathryn Shaw.

Abstract:
Ichniowski and Shaw discuss the insider econometrics approach in estimating the value of complementary human resource management practices. This new research approach focuses on specific production processes and produces econometric estimates of the effects of management practices on workers' performance. Moreover, managers must consider other incentive pay plans to elicit the best performance from their workers.

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