In a survey of 1000 professors in schools of business accredited by the American Assembly of Collegiate Schools of Business (AACSB), this study examined the nature and functioning of merit pay plans and the level of satisfaction with and extent of participation in the design and implementation of these plans in the subject schools. The findings of this study suggest that while merit pay is a concern of professors in AACSB schools, the perceptions and criticisms of merit pay plans do not differ markedly from those reported in the relevant literature.
Get full access to this article
View all access options for this article.
References
1.
BarnettH.CohenJ.JeffriesP.RosenW. (1988). Coping with merit pay. Academe, 74 (6), 19–22.
2.
ChaitR. (1988). Providing group rewards for group performance. Academe, 74(6), 23–24.
3.
DennisL. (1982). Why not merit pay?Contemporary Education, 54(1), 18–21.
4.
EvansW., (1970). Pay-for-performance: Fact or fable. Personnel Journal, 49(9), 725–731.
5.
FoulkesF. (1980). Personnel Policies in Large Non-union Companies. Englewood Cliffs: Prentice-Hall.
Guthrie-MorseB.LeslieL.HuT. (1981). Assessing the impact of faculty unions: The financial implications of collective bargaining. Journal of Higher Education, 52 (3), 237–255.
8.
HansenL. (1988). Merit pay in structured and unstructured salary systems. Academe, 74(6), 10–13.
9.
KastenK. (1984). Tenure and merit pay as rewards for research, teaching, and service at a research university. Journal of Higher Education, 55(4), 500–514.
10.
KopelandR.ReinharthL. (1982). Affect of merit pay on white collar performance. Compensation Review, 14, (4), 30–40.
11.
LawlerE. (1987). Paying for performance: Future directions. In BalkinD.Gomez-MejiaL. (Eds.), New Perspectives on Compensation. Englewood Cliffs: Prentice-Hall.
12.
LewisF. (1985, Summer). On merit. The College Board Review, pp. 2–3, 30–31.
13.
MarthE. (1988). Merit pay. Elm Street or Hollywood Boulevard?Academe, 74(6), 17–18.
14.
McKayJ. (1985). Market, pay, and experience at Oakland University. Academe, 71(4), 17–22.
15.
MeyerH. (1975). The pay-for-performance dilemma. Organizational Dynamics, 3(3), 39–50.
16.
MilkovichG.NewmanJ. (1987). Compensation (2nd ed.). Plano: Business Publications.
17.
PearceJ. (1987). Why merit pay doesn't work: Implications of organizational theory. In BalkinD.Gomez-MejiaL. (Eds.), New Perspectives on Compensation. Englewood Cliffs: Prentice-Hall.
18.
PrattL. (1988). Merit pay: Reaganomics for the faculty?Academe, 74(6), 14–16.
