We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms … performance. …

We compare evaluations of employee performance by individuals and groups of supervisors, analyzing a formal model and …-rater evaluations if groups rationally aggregate their signals about employee performance. Our controlled laboratory experiment confirms … performance. …

performance measurement is costly. If social norms matter such that some agents? reliability is influenced by their beliefs on the …

substantial negative impact on the probability that an employee's pay is performance contingent. …

substantial negative impact on the probability that an employee's pay is performance contingent. …

mitigated by pay-for-performance incentives for managers who decide upon promotion. Second, we analyze matched employer … indeed substantially higher when managers receive performance-related pay or participate in gain sharing plans. …

importance of individual, team, and company performance for compensation, we find a significant positive relation between the …

We study the incentive effects of grating supervisors access to objective performance information when agents work on … objective measures but assess performance subjectively by gathering information. This incentive loss is more pronounced when the … experiment conducted in a bank. In the treatment group managers obtained access to objective performance measures which raised …

, ex-post losses in shareholder value may be offset by ex-ante gains in performance through higher employee motivation. …

We run two field experiments within a large retail chain showing that the effectiveness of performance pay crucially … hinges on prior job experience. Introducing sales-based performance pay for district- and later for store-managers, we find … performance pay decreases with experience and may even vanish in the limit. We provide empirical evidence in line with this …