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What Does Science Say About Performance Based Pay?

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Monash University Law Chambers

555 Lonsdale Street

Melbourne, VIC 3000

Australia

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Description

Does performance-based pay increase motivation and job performance? Does the use of performance-based pay reduce intrinsic motivation and encourage selfish behaviour? In this session, the controversies surrounding performance-based pay will be discussed and a number of practical implications for pay system design will be outlined. The debate will be resolved with the explanation of several science-based “stylized facts” about incentive pay; these facts can be used to improve employee reactions to performance-based pay and, ultimately, organization effectiveness.

This event is particularly valuable for organisations developing operations in a global context or managing subsidiaries across the globe. It provides a unique opportunity for organisations to learn about effective strategies and practices from the IMPACT (Investigating Merit Pay across Countries and Territories) project, a 50-country global project led by Jason Shaw.

Jason D. Shaw is Chair, Professor of Management, Head of the Department of Management and Marketing and Director of the Centre for Leadership and Innovation in the Faculty of Business at The Hong Kong Polytechnic University. Prior to his appointment at PolyU, he was the Curtis L. Carlson School-wide Professor in the Carlson School of Management at the University of Minnesota, the Clark Material Handling Company Professor at the University of Kentucky, an Assistant Professor at Drexel University, and an Analyst for the Boeing Company. He is the Editor-in-Chief of the Academy of Management Journal, the leading theoretical and empirical journal in the field of management.

Program

9:30 am Welcome

9:40 am Public lecture

10:45 am Morning tea

11:15 am Interactive workshop

12:00 noon Q & A

Lunch will be served following the presentation with an opportunity for networking


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Email buseco-events@monash.edu for further information.

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Monash University Law Chambers

555 Lonsdale Street

Melbourne, VIC 3000

Australia

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