Join the latest debate on the issues surrounding employment compensation. In Compensation and Organizations, a number of leading I/O psychologists and researchers explore the tremendous impact that recent changes in market conditions have had on today's compensation practices and outcomes. They delve into the effects that compensation has on employee performance, satisfaction, and attraction and retention, and examine the roles of pay strategy, pay risk, and the changing employment contract on pay packages and pay outcomes. They also offer nine general principles for constructing effective incentive systems. It's a broad-ranging work that summarizes the most important trends and conclusions in this important field and highlights areas in need of further research.

SARA L. RYNES is the John F. Murray Professor of Management andOrganizations at the University of Iowa.

BARRY GERHART is the Frances Hampton Currey Professor ofOrganization Studies and area coordinator at VanderbiltUniversity's Owen Graduate School of Management.