Tournament Compensation Systems, Employee Heterogeneity, and Firm Performance
基于锦标赛理论和期望理论,利用激励旅行竞赛的员工数据,研究了员工异质性如何影响锦标赛薪酬体系的绩效,发现异质性会降低整体绩效,但对“阈值群体”仍有激励作用,并探讨了企业如何通过信息披露设计“让赛”或“分组”系统来提升激励效果。
Abstract Tournament compensation systems are widely used in practice and have been extensively analyzed theoretically. However, one major problem has hardly been studied in a company context so far: Although it is theoretically well understood that tournament compensation systems are only effective when employees are homogeneous, it has rarely been analyzed what companies can do when they are confronted with employee heterogeneity. In our article, we derive hypotheses on the performance effects of tournament compensation systems in a context of employee heterogeneity based on tournament and expectancy theory. Using personnel records from incentive travel contests, we are able to show that performance is lower in a situation with employee heterogeneity, but that in heterogeneous tournaments, incentives may still work for a subgroup of employees whom we term the “threshold group.” In addition, we also show how companies manage to design the information disclosure systems necessary to install effective “handicapping” or “league‐building” systems in order to increase the effort‐performance expectancy.