The purpose of this paper is to ascertain and explain the prevalence of financial and non‐financial rewards in Swedish real estate firms.
The paper draws upon insights provided by agency theory, social exchange theory and resource dependence theory to explain the results of a questionnaire survey of reward practices of Swedish real estate firms.
Differences in the types of financial rewards are exacerbated by differences in the benefits used at various levels of the firm. The adverse impact of that is limited by government provided social welfare protections. Learning and development programs, coupled with flexible work hours are social exchanges that could drive reciprocal discretionary effort by employees.
This paper provides the first comprehensive description of reward management in the Swedish real estate sector.
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