Assessing star value: The influence of prior performance and visibility on compensation strategy

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dc.contributor.authorTerry, Ryan P.
dc.creator.orcidhttps://orcid.org/0000-0002-5028-3884en_US
dc.date.accessioned2022-08-16T17:01:28Z
dc.date.available2022-08-16T17:01:28Z
dc.date.issued4/19/2022
dc.description.abstractThe greatest competition among rivals in many industries is not for market share but human capital. In the so-called talent war, organisations compete aggressively to attract star employees—individuals with disproportionate productivity and external visibility—in pursuit of competitive advantage. Building on human capital and resource-based view theories, we argue that firms' compensation strategies are influenced by the intangible assets that define stars. With data from Major League Baseball, we find that organisations are likely to pay higher wages to stars based on their prior performance and visibility. Furthermore, our data indicate that firm competitive position influences which of these intangible assets holds greater value for managers. We discuss the implications of these findings for organisations waging a war for talent and suggest directions for future research on a matter that is far from over.en_US
dc.identifier.citationTerry, R.P., McGee, J.E., Kass, M.J. and Collings, D.G., 2022. Assessing star value: The influence of prior performance and visibility on compensation strategy. Human Resource Management Journal.en_US
dc.identifier.doihttps://doi.org/10.1111/1748-8583.12446
dc.identifier.urihttps://hdl.handle.net/1969.6/93828
dc.language.isoen_USen_US
dc.publisherWiley Online Libraryen_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectcompensation strategyen_US
dc.subjecthuman capitalen_US
dc.subjectintangible assetsen_US
dc.subjectresource-based viewen_US
dc.subjectstar employeesen_US
dc.subjecttalent managementen_US
dc.titleAssessing star value: The influence of prior performance and visibility on compensation strategyen_US
dc.typeArticleen_US

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