Date of Award

6-1968

Degree Type

Master's Essay - Restricted

Degree Name

Master of Business Administration (MBA)

Department

Business Administration

First Advisor

Herbert G. Zollitsch

Abstract

There has been considerable discussion on what compensation plans are best for today's executives. Companies are concerned about motivating their managers. But, they are also interested in the cost of any compensation program they initiate and the effect of income tax laws on its effectiveness. Current literature indicates a growing interest in managerial compensation programs as the demand for leadership talent grows and the supply dwindles. Until recently, most compensation programs consisted of monetary rewards and/or incentives plus a basic salary plan. Some authorities in the field of wage and salary administration along with specialists in the behavioral sciences are urging a close look at present practices to determine if they are adequate to meet current and future demands. Several indicators are pointing to nonmonetary motivators or rewards as basic human needs are fulfilled, and managers look to satisfactions on higher plains. In addition, increased tax bites nullify much of the monetary gain. On the other hand, improvements in monetary plans could well extend their usefulness into the future and cover new groups of leaders which are emerging.

Comments

An essay presented to College of Business Administration Marquette University in partial fulfillment of the requirements for the degree Master of Business Administration, Milwaukee, Wisconsin.

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