Assessing star value: The influence of prior performance and visibility on compensation strategy

Terry, Ryan; McGee, Jeffrey E.; Kass, Malcolm J.; Collings, David G.

doi:10.1111/1748-8583.12446

Cited by 9 publications

(3 citation statements)

References 81 publications

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“…Dynamic capability view (DCV) empowers the firm to utilize its capabilities to recognize opportunities for FP and support to achieve higher levels of sustainability in the market with permanent change (Funke et al, 2023;Venkatraman et al, 1993). Teece et al (1997) explored that RBV is very limited in evaluating the FP and only allows for recognizing the firm's assets (Terry et al, 2023), whereas the dynamic capability view educates the managerial-level people in business sustainability (Kamasak, 2015;Xiaoyi et al, 2023). The rapid change in a firm's environment helps to recognize, collaborate, and execute resources, which refers to reintroducing business competencies for better achievement, environmental change, and competitive advantages (Sarwar et al, 2023;Teece et al, 1997).…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Green horizons: Unleashing green innovation through green business strategies and competencies

Ashraf,

Li,

Wattoo

et al. 2024

Bus Strat Env

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China's manufacturing industry environmental regulations portray a strategic change towards sustainable development. The study examines how green business strategies and competencies enhance green innovation for manufacturing firm performance. The study approach included surveying senior managers from Chinese manufacturing firms. The hypotheses were tested running partial least squares structural equation modeling using 459 firms. The results reveal the complex relationships between these factors, showing how value co‐creation and absorptive ability generate innovation and business performance through green strategies and capabilities. Furthermore, green value co‐creation enhances a firm's green innovation and helps to achieve firm performance. This study contributes to the corpus of knowledge on sustainable manufacturing techniques and helps firms succeed in an environmentally conscious society.

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Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Green horizons: Unleashing green innovation through green business strategies and competencies

Ashraf,

Li,

Wattoo

et al. 2024

Bus Strat Env

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show abstract

“…According to Nazish et al (2022), businesses should carefully craft their human resource management strategies to establish a reputation that will make attracting and keeping great employees easier. In the "talent war," firms fiercely fight to woo "stars," or people with high productivity and nonproportional performance, while also being willing to pay them more than rivals for their services (Terry et al, 2023).…”

Section: Literature Reviewmentioning

confidence: 99%

The Influence of the Factors for Creating the Value and Competitive Advantages of the Organization on Human Capital in Organizations

Brzaković

Đurđević

2023

Jour Proc Manag New Tech

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The significance of human capital management strategies in acquiring and maintaining advantages against the competition is determined by extensive academic studies. Research studies show that competitive advantage on the market can be maintained through a systematic attraction, development, motivation, management and appreciation of human resources in an organization. In order to maintain their competitive advantage(s) and ensure their survival, organizations have to take care of the strategy of scale, the diversification of activities, the allocation of resources, the orientation towards the buyer, value chains, change management, innovations and the strategic renewal of the organization itself. Organizations that manage human resources can freely be said to be making better financial results if perceived through different parameters, such as revenue growth, productivity, the volume of sales, the operational profit, the net profit margin, return on capital, share value growth, i.e. the growth of the market value of the organization. This paper is aimed at determining whether the level of the factors for creating the value of the organization and the level of the competitive advantage of the organization actually affect or do not affect the level of human capital in the organization. Based on the research conducted in the paper, it can be concluded that the level of human capital in the organization increases simultaneously with the increasing of the level of the factors for creating the value of the organization and the level of the competitive advantage of the organization.

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“…The development of a CPM for IT professionals is a multifaceted endeavor that demands careful consideration of numerous factors that can exert a profound impact on compensation, including but not limited to an individual's proficiencies, expertise and occupational attributes, as well as external circumstances such as the organization's size, industry and other pertinent variables (Terry et al, 2022;Ang et al, 2002). In this regard, integrating a theoretical framework can serve as an invaluable aid in organizing and comprehending the interplay of these myriad factors that undergird compensation.…”

Section: Introductionmentioning

confidence: 99%

Dissecting the compensation conundrum: a machine learning-based prognostication of key determinants in a complex labor market

Jaiswal

Gupta²,

Tiwari

2023

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PurposeAmidst the turbulent tides of geopolitical uncertainty and pandemic-induced economic disruptions, the information technology industry grapples with alarming attrition and aggravating talent gaps, spurring a surge in demand for specialized digital proficiencies. Leveraging this imperative, firms seek to attract and retain top-tier talent through generous compensation packages. This study introduces a holistic, integrated theoretical framework integrating machine learning models to develop a compensation model, interrogating the multifaceted factors that shape pay determination.Design/methodology/approachDrawing upon a stratified sample of 2488 observations, this study determines whether compensation can be accurately predicted via constructs derived from the integrated theoretical framework, employing various cutting-edge machine learning models. This study culminates in discovering a random forest model, exhibiting 99.6% accuracy and 0.08° mean absolute error, following a series of comprehensive robustness checks.FindingsThe empirical findings of this study have revealed critical determinants of compensation, including but not limited to experience level, educational background, and specialized skill-set. The research also elucidates that gender does not play a role in pay disparity, while company size and type hold no consequential sway over individual compensation determination.Practical implicationsThe research underscores the importance of equitable compensation to foster technological innovation and encourage the retention of top talent, emphasizing the significance of human capital. Furthermore, the model presented in this study empowers individuals to negotiate their compensation more effectively and supports enterprises in crafting targeted compensation strategies, thereby facilitating sustainable economic growth and helping to attain various Sustainable Development Goals.Originality/valueThe cardinal contribution of this research lies in the inception of an inclusive theoretical framework that persuasively explicates the intricacies of a machine learning-driven remuneration model, ennobled by the synthesis of diverse management theories to capture the complexity of compensation determination. However, the generalizability of the findings to other sectors is constrained as this study is exclusively limited to the IT sector.

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Assessing star value: The influence of prior performance and visibility on compensation strategy

Cited by 9 publications

References 81 publications

Green horizons: Unleashing green innovation through green business strategies and competencies

Green horizons: Unleashing green innovation through green business strategies and competencies

The Influence of the Factors for Creating the Value and Competitive Advantages of the Organization on Human Capital in Organizations

Dissecting the compensation conundrum: a machine learning-based prognostication of key determinants in a complex labor market

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