التفاصيل البيبلوغرافية
| العنوان: |
Profit sharing in practice: its prevalence and influence on job satisfaction controlling for workplace amenities. |
| المؤلفون: |
Makridis, Christos A.1,2 (AUTHOR) cmakridi@stanford.edu |
| المصدر: |
International Review of Applied Economics. Nov2024, p1-16. 16p. 5 Illustrations. |
| مصطلحات موضوعية: |
*PROFIT-sharing, *JOB involvement, *JOB satisfaction, *EMPLOYEE retention, INCENTIVE (Psychology) |
| مستخلص: |
This paper explores the relationship between profit sharing and employee engagement using new data from a large-scale PayScale survey from 2020 to 2023. First, I document new em- pirical patterns: although profit sharing respondents are only 4% of the sample, it is more prevalent in technical and managerial occupations, industries like manufacturing and con- struction, and higher income workers. Second, using variation within the same occupation and industry, controlling for a wide array of demographics and workplace amenities, I find that profit sharing is associated with increases in job satisfaction and declines in turnover. Incentive effects account for 16% of the overall impact. These results underscore the signifi- cance of non-pecuniary benefits in shaping corporate culture and employee retention. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |