2022
DOI: 10.1177/10422587221111729
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One Size Does Not Fit All: Organizational Rewards, Managerial Experience, and Employee Retention in Entrepreneurial New Ventures

Abstract: This study integrates human capital theory and research on organizational rewards to examine how one financial reward (i.e., pay level relative to the market average) and three non-financial rewards (i.e., job autonomy, growth opportunities, and team support) jointly influence employee retention in entrepreneurial new ventures. It also examines the moderating role of managerial experience on these contingent relationships. The findings demonstrate that relative pay level strengthens the positive effect of spec… Show more

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Cited by 3 publications
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“…“Incentive” refers to a psychological process that stimulates the motivation of individuals within organizations. Most scholars divide incentives into material incentives and nonmaterial incentives (Zhu and Newman, 2022; Chiang and Birtch, 2012). Material incentives mainly refer to monetary rewards, whereas nonmaterial incentives include improving the individual image of employees in enterprises, the acquisition of high-level knowledge, participation in decision-making and other factors (Schneckenberg, 2014).…”
Section: Literature Reviewmentioning
confidence: 99%
“…“Incentive” refers to a psychological process that stimulates the motivation of individuals within organizations. Most scholars divide incentives into material incentives and nonmaterial incentives (Zhu and Newman, 2022; Chiang and Birtch, 2012). Material incentives mainly refer to monetary rewards, whereas nonmaterial incentives include improving the individual image of employees in enterprises, the acquisition of high-level knowledge, participation in decision-making and other factors (Schneckenberg, 2014).…”
Section: Literature Reviewmentioning
confidence: 99%