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1. When the Walls Come Down: How Smart Companies are Rewriting the Rules of the IOpoen Workplace

Author:
Oxford Economics
Publication Date:
06-2016
Content Type:
Policy Brief
Institution:
Oxford Economics
Abstract:
Open-plan offices are meant to encourage collaboration and contribute to a collegial workplace culture, but they also come with serious drawbacks like noise and distraction. Oxford Economics conducted a survey of more than 600 executives and 600 employees to better understand what works for employees—and what doesn’t—about open-plan layouts, and to test for disconnects between workers and their managers. The results show that threats to productivity and worker peace of mind are bigger issues than most executives realize, and most do not have the technology or strategies in place to deal with the problems.
Topic:
Labor Issues, Work Culture, Innovation, and Business Management
Political Geography:
Global Focus

2. Risk Choices and Compensation Design

Author:
Mark Carey and Bo Sun
Publication Date:
01-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
We analyze the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, we find that options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options are able to incent the desired project choice in wider range of circumstances than call options or stock. However, information requirements appear high. We briefly explore alternatives with features similar to maluses and clawbacks, which are a bit like weakening the limited liability of managers.
Topic:
Labor Issues, Risk, Business Management, Stock Markets, and Wage Growth
Political Geography:
Global Focus