2015
DOI: 10.1002/hrm.21688
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Benefits and Strategic Outcomes: Are Supplemental Retirement Plans and Safer Driving Related in the U.S. Trucking Industry?

Abstract: We suggest that a firm's benefits can relate to important organizational outcomes that have strategic implications. We propose a number of mechanisms that could relate benefits to strategic outcomes, including the notion that benefits can help attract and retain the type of employees who are most likely to perform in ways consistent with the firms’ strategies. We illustrate this with the case of supplemental retirement benefits in an actual setting, the long‐haul trucking industry. We report positive organizat… Show more

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Cited by 8 publications
(3 citation statements)
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References 81 publications
(105 reference statements)
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“…They are believed to improve individual performance and attraction and retention of employees (e.g. Werner et al, 2016).…”
Section: Extra Employee Benefitsmentioning
confidence: 99%
“…They are believed to improve individual performance and attraction and retention of employees (e.g. Werner et al, 2016).…”
Section: Extra Employee Benefitsmentioning
confidence: 99%
“…In the same way that compensation fairness is an issue among employees within the same organization, we argue that employees in organizations who are paid above-market compensation relative to pay offered by similar organizations will perceive their work situation to be more than fair, and therefore exert more effort towards working safely. Werner et al (2016) investigated the effect of supplemental retirement plans and safety behavior in the U.S. trucking industry, suggesting that as a part of a high performance work system, supplemental retirement plans act as a form of pay-above-market strategy. Offering supplemental retirement plans was negatively associated with driver insurance costs, indirectly indicating safer driver behavior through reducing accidents, crashes, and driving violations.…”
Section: High Relative Compensation and Occupational Safetymentioning
confidence: 99%
“…Additionally, getting mentally ready and attaching positive meaning to this transition (e.g., envisioning retirement as a new life phase or role to occupy) is an essential element of retirement exits (Houlfort et al, 2015; Kloep & Hendry, 2006). Similarly, employers can design and offer suitable severance packages as well as age‐sensitive HRM practices, to create supportive work conditions for pre‐retiring employees (Herrbach et al, 2009; Topa, Moriano, Depolo, Alcover, & Morales, 2009; Werner, Kuiate, Noland, & Francia, 2016).…”
Section: Voluntary Turnover and Exit Transitionsmentioning
confidence: 99%