One Size Does Not Fit All: Organizational Rewards, Managerial Experience, and Employee Retention in Entrepreneurial New Ventures

Fei Zhu, Alexander Newman

Research output: Journal PublicationArticlepeer-review

1 Citation (Scopus)

Abstract

This study integrates human capital theory and research on organizational rewards to examine how one financial reward (i.e., pay level relative to the market average) and three non-financial rewards (i.e., job autonomy, growth opportunities, and team support) jointly influence employee retention in entrepreneurial new ventures. It also examines the moderating role of managerial experience on these contingent relationships. The findings demonstrate that relative pay level strengthens the positive effect of specific non-financial rewards on employee retention, and that employees with managerial experience and those without this experience can be retained using different reward strategies.

Original languageEnglish
JournalEntrepreneurship Theory and Practice
DOIs
Publication statusAccepted/In press - 2022
Externally publishedYes

Keywords

  • employee retention
  • managerial experience
  • non-financial rewards
  • organizational rewards
  • relative pay level

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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