Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative

While developing the operations manual of three eco-laundry shops established by a Smokey Mountain cooperative, I discovered an alarming disparity in salary schemes among the social enterprises. Cooperatives in the Philippines embody the values of stakeholdership in that they balance the needs of al...

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Main Author: Poblador, Paz Esperanza T.
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Published: Animo Repository 2016
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/1487
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-24862021-06-29T08:40:43Z Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative Poblador, Paz Esperanza T. While developing the operations manual of three eco-laundry shops established by a Smokey Mountain cooperative, I discovered an alarming disparity in salary schemes among the social enterprises. Cooperatives in the Philippines embody the values of stakeholdership in that they balance the needs of all stakeholders to increase social performance. But in this case, principal- agent compensation practices were implemented towards increasing profitability. A discussion on compensation and organizational rewards allows for further understanding of the process in which these compensation packages were developed by the decision-makers. After using the survey method, measurable business indicators were evaluated to distinguish the effects of profitability, productivity, customer loyalty, and service quality on compensation. This study will show that leaders in this case did not uphold stakeholder values congruent with cooperatives, but instead implemented performance controls at the expense of more hardworking employees. A proposed compensation scheme which could be seen as more equitable by all employees is then discussed. © 2016 by De La Salle University. 2016-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/faculty_research/1487 Faculty Research Work Animo Repository Wages--Philippines--Manila Cooperative societies —Employees—Salaries, etc.--Philippines--Manila Marketing
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Wages--Philippines--Manila
Cooperative societies —Employees—Salaries, etc.--Philippines--Manila
Marketing
spellingShingle Wages--Philippines--Manila
Cooperative societies —Employees—Salaries, etc.--Philippines--Manila
Marketing
Poblador, Paz Esperanza T.
Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
description While developing the operations manual of three eco-laundry shops established by a Smokey Mountain cooperative, I discovered an alarming disparity in salary schemes among the social enterprises. Cooperatives in the Philippines embody the values of stakeholdership in that they balance the needs of all stakeholders to increase social performance. But in this case, principal- agent compensation practices were implemented towards increasing profitability. A discussion on compensation and organizational rewards allows for further understanding of the process in which these compensation packages were developed by the decision-makers. After using the survey method, measurable business indicators were evaluated to distinguish the effects of profitability, productivity, customer loyalty, and service quality on compensation. This study will show that leaders in this case did not uphold stakeholder values congruent with cooperatives, but instead implemented performance controls at the expense of more hardworking employees. A proposed compensation scheme which could be seen as more equitable by all employees is then discussed. © 2016 by De La Salle University.
format text
author Poblador, Paz Esperanza T.
author_facet Poblador, Paz Esperanza T.
author_sort Poblador, Paz Esperanza T.
title Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
title_short Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
title_full Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
title_fullStr Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
title_full_unstemmed Principal-agent compensation practices in a stakeholder-oriented Smokey Mountain cooperative
title_sort principal-agent compensation practices in a stakeholder-oriented smokey mountain cooperative
publisher Animo Repository
publishDate 2016
url https://animorepository.dlsu.edu.ph/faculty_research/1487
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