Using pay and benefits in real estate firms – an initial look at the Swedish experience
||Using pay and benefits in real estate firms – an initial look at the Swedish experience
||Licentiate Thesis KTH Stockholm, Sweden 2004
||All the papers in this dissertation deal with the use of remuneration to manage human resources in real estate companies. There are three papers in all, covering various aspects of the issue. Professor Stellan Lundström, who also provided the initial literature, proposed the initial research idea in 2001. Assoc. Professor Mats Wilhelmsson provided guidance on data analysis. Assoc. Prof. Hans Lind and Dr. Svante Mandell provided guidance on the theoretical framework used to analyse the data. Paper 1 (Incentive plans and real estate companies – a literature review) aims at reviewing the literature on incentive plans, highlighting the paucity of research on the subject within real estate research, as well as drawing attention to issues that may be worth researching into for real estate companies. Paper 2 (A survey of how Swedish real estate firms use pay and benefits to manage their employees) attempts a comprehensive description of the status of pay and benefit programmes in Swedish real estate firms. To the best of the author’s knowledge, this may be the first such attempt. The paper adopts the total compensation framework to analyse the data. This framework points out specific elements of the job situation that firms can manipulate to elicit discretionary performance, beyond the attraction and retention roles played by financial incentives. Paper 3 (Does size or ownership matter? Incentive plans for real estate companies in Sweden), explores the impact of firm size and ownership status on the likelihood of firms use of incentive plans. Using logistic regression to analyse a survey of real estate firms in Sweden, the paper concludes private firms are more likely to use incentive plans than government owned real estate firms. It could, however, not be proven that size was a determinant of firms’ use of incentive plans.
||Reward management; Real estate; Sweden
||file.pdf (1,147,505 bytes)
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