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This paper presents a discussion on the benefits of utilizing variable pay as a component of employee compensation. Several types of variable pay or variable compensation…
This paper presents a discussion on the benefits of utilizing variable pay as a component of employee compensation. Several types of variable pay or variable compensation plans are reviewed. Plans that seem well suited to highly educated, professional employees are examined in detail. Case studies are presented that illustrate how variable pay or compensation has been applied by a variety of for‐profit aerospace and defense engineering organizations. These case studies are followed by a description of a small class of non‐profit aerospace and defense engineering organizations known as Federally Funded and Design Centers (FFRDCs). Two variable pay plans that appear to be the most appropriate for the FFRDCs are recommended. A modified gainsharing group vehicle pay plan is recommended. A complementary individual skill‐based variable pay element is also endorsed.
The purpose of this paper is to investigate the engagement with integrated reporting (IR) of the Development Bank of Singapore (DBS), as one of the banks that pioneered…
The purpose of this paper is to investigate the engagement with integrated reporting (IR) of the Development Bank of Singapore (DBS), as one of the banks that pioneered IR. Banking industry members face critical sector-specific issues regarding the use of capitals, especially the disclosure of relational and natural capital-related information, and reporting of the outcomes of capitals. This study examines an innovative approach to accounting for multiple capitals adopted by DBS during its journey toward IR.
This empirical research follows the case study method, using semi-structured interviews with DBS’s managers, and analyzing reports and other documentation.
The authors find that DBS re-conceptualizes, re-categorizes and measures multiple capitals as a form of non-financial value using the balance sheet approach to make visible the interactions and potential tensions (trade-offs) among capitals.
Case studies are best used to understand a specific context, so the findings of this study cannot be generalized statistically. However, the study does provide insights into the banking industry that may be applicable to other organizations.
The categorization and reporting of multiple capitals using the balance sheet approach and the integration of the balanced scorecard are innovative operationalizations of the International <IR> Framework.
This study provides an innovative approach to the categorization and measurement of multiple capitals. It represents a step toward reducing the gap between research and practice on IR.