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1、外文文獻(xiàn)翻譯譯文一、外文原文原文：原文：CongruenceCongruenceBetweenBetweenPayPayPolicyPolicyCompetitiveCompetitiveStrategyStrategyininHighPerfmingHighPerfmingFirms.Firms.MontemayEdilbertoF.Basedonexistingstrategiccompensationtheythisstudyex

2、aminesseventheeticalpropositionsconcerningthelinkbetweenbusinesslevelcompetitivestrategypaypolicy.Canonicaldiscriminantanalysisof261responsestoanationalsurveyshowthathighperfmingfirmswhosestrategyisdominatedbyCostLeaders

3、hipInnovationDifferentiationtacticsadoptdifferentpaypolicies.Furtheranalysisshowsthatinferifirmperfmanceisassociatedwiththelackoatbetweenpaypolicybusinessstrategy.Thesefindingssuppttheneedfacontingencyapproachinthedesign

4、ofpaypolicy.Theideathatpaypolicieshavestrategicimpacthasbecomeamajthemewithinthecompensationliteraturesincethe1980s.NotablevolumesconcernedwithcompensationstrategyincludeLawlersStrategicPay(1991)SchusterZingheimsTheNewPa

5、y(1992)GomezMejiaBalkinsCompensationganizationalStrategyFirmPerfmance(1992).Thisstrategicperspectiveoncompensationisbasedonthefactthatganizationsdifferinpaypoliciesthebeliefthatmatchingpaypoliciestobusinessstrategyresult

6、sinhigherganizationalperfmance(Milkovich1988).ExceptfthewkbyDavidBalkinLuisGomezMejia(Balkin1990GomezMejia1992)thestrategicimpactofpaypolicyhasreceivedlittleempiricalattention.Buildingontheexecutivecompensationliterature

7、BalkinGomezMejiahavepublishedaseriesofanalysesdealingwiththerelationshipbetweenpaypolicyganizationaldiversificationlifecyclestages.Howevertheptionofstrategiccompensationtheythataddressesthelinkbetweenpaypolicybusinesslev

8、elcompetitivestrategieshasnotbeentested.SuchtheyappearsinthewkofCarroll(1987)MilesSnow(1984)Miller(1986)SchulerJackson(1987)TichyFombrumDevanna(1982).Thepresentstudyaddstotheempiricalbasefstrategiccompensationtheybyexami

9、ningwhichpaypolicieshaveapositiverelationshipwithfirmperfmancerecommendtheuseofmultipleapproacheswhenstudyingtheperfmanceimpactofmatchingstrategyganizationalsystems(Venkatraman1990).Fthesereasonsthisstudywillalsoexaminet

10、hecrelationbetweendeviationsfromstrategicallyindicatedpaypoliciesganizationalperfmance.Becausefirmperfmancedependsonmanyfactsbesidescompensationitisexpectedthatsuchdeviationswillhaveanegativealthoughmodestcrelationwithpe

11、rfmance.Nohelessfindingthatdeviationsfromstrategicallyindicatedpaypoliciescrelatewithperfmancewouldprovideadditionalsupptfthecontingencyviewinstrategiccompensationthey.CompensationPolicieswithStrategicSignificanceThisstu

12、dyconsidersthefiveaspectsofpaypolicymefrequentlymentionedinstrategiccompensationthey:(1)compensationphilosophy(2)externalcompetitiveness(3)incentivebasemix(4)individual(merit)payincreases(5)payadministration.Compensation

13、Philosophy.Thisstudymeasuresganizationalpayphilosophyintermsoftheimptanceassignedtothreekindsofobjectives:(a)labcostcontrol(b)employeeattractionretention(c)employeemotivation.Thecompensationsystemhasstrategicimpactthroug

14、hitseffectonthesethreeareaswhichrepresentthetraditionalgoalsfpaypolicydesign.Asexplainedaheadanganizationsbusinessstrategywilldeterminetherelativeimptanceofthesethreekindsofobjectives.Meoverthepaypoliciesthatsupptdiffere

15、ntobjectivesmayconflictwitheachother.Consequentlystrategiccompensationrequiresaphilosophybasedontheimptanceoftheseobjectivestoprovidedirectionpurposetospecificpaypolicies(Lawler1991).ExternalCompetitiveness.Thispolicyare

16、areferstothelevelofpayanganizationoffersrelativetothatofitscompetits.Ithasacriticalimpactonattractionretentionlabcostobjectives.Thehigherthepaylevelthebettertheganizationsabilitytoacquireacompetentwkfce.Clearlyincreasing

17、thepaylevelraisestotallabcosts.Howeverraisingthepaylevelmayleadtoimprovedlabcostsperunit.Anemergingviewinlabeconomicsknownasefficiencywagetheycontendsthatpayingabovemarketlevelscanpromoteemployeemotivationthatwouldoffset

18、anyincrementinlabcosts(Holzer1990).IncentiveBaseMix.Thispolicyrelatestothedistinctionbetweenincentive(variable)base(fixed)pay.Ithasstrategicimplications.Increasingtheptionofpaythatisvariablehasbeenadvocatedasaneffectivem

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