人事变更率
劳动经济学
经济
补偿(心理学)
业务
人口经济学
心理学
社会心理学
管理
作者
Joel Andrus,Jieun Lee,Peter W. Hom
标识
DOI:10.1177/01492063231181661
摘要
We formulate and test a theory explaining how local labor markets moderate the effects of pay comparisons on turnover among non-CEO top management team (TMT) members. Sampling S&P 1500 TMT members, we find that dense local labor markets for executives weaken the effects of social comparisons and CEO tournaments on TMT member turnover by providing more job alternatives and decreasing switching costs. We also find that pay comparisons with other TMT members in the local area are most salient in dense labor markets, increasing higher-paid TMT members’ labor market visibility (signaling their worth externally) and their subsequent turnover. Our theory and findings thus identify local labor markets as a highly relevant boundary condition for TMT turnover decisions, as TMT members more readily quit when residing in communities where jobs are plentiful and offer higher pay than their current employment.
科研通智能强力驱动
Strongly Powered by AbleSci AI