By Jonathan Trevor
Pay is a key part of the employment courting and it's been encouraged by means of a few lately as a device for reinforcing organizational functionality and sustained competitiveness. This publication explores the realities of latest pay administration in seven top businesses working globally within the fast-paced buyer items region.
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Extra resources for Can Pay Be Strategic?: A Critical Exploration of Strategic Pay in Practice
Of employees) Ͼ 50,000 Ͼ 50,000 Ͻ 50,000 Ͼ 50,000 Ͼ 50,000 Ͻ 50,000 Ͼ 50,000 Founded Ͼ 50 yrs Ͼ 50 yrs Ͻ 50 yrs Ͼ 50 yrs Ͼ 50 yrs Ͼ 50 yrs Ͼ 50 yrs Life cycle Mature Mature Mature Mature Mature Mature Mature Ownership Public Public Public Public Listed subsidiary Private Public Organization structure Holding co / country structure Business unit Regional structure Regional structure Regional structure Regional structure Matrix Brand-led Brand-led Brand-led and Brand-led supplier Brand-led Brand-led and supplier Market Strategy Brand-led Scope Performance Multinational Multinational Multinational Multinational Multinational Multinational Multinational Marketleading Marketleading Marketleading Marketleading Marketleading Marketleading Marketleading Source: Datamonitor (2005, 2006).
This necessarily requires multi-level analysis of the sort attempted here (Hendry and Pettigrew, 1990). The chosen methods do have limitations, however, such as the assertion that theory building from case studies may result in ‘a narrow and idiosyncratic theory. The risks are that the theory describes a very idiosyncratic phenomenon, or that the theorist is unable to raise the level of the generality of the theory’ (Eisenhardt, 1989). Case study research is characterized by high validity but low reliability (Hussey and Hussey, 1997).
While providing valuable insights, critical HRM theorists offer little by way of alternatives to the orthodoxy. Their critique of standard theory also suffers from a lack of empirical grounding and lacks credibility, therefore, in the eyes of strategic pay advocates. Their concerns have also found little traction with practitioners. The review of the literature highlights an opportunity for an important contribution to the subject, by redressing the gap in knowledge left void by both standard and critical commentary.