{"id":240120,"date":"2023-10-05T16:05:18","date_gmt":"2023-10-05T09:05:18","guid":{"rendered":"https:\/\/unair.ac.id\/canadian-academic-reveals-compensation-equity-to-improve-company-performance\/"},"modified":"2023-10-06T10:44:14","modified_gmt":"2023-10-06T03:44:14","slug":"canadian-academic-reveals-compensation-equity-to-improve-company-performance","status":"publish","type":"post","link":"https:\/\/unair.ac.id\/en\/canadian-academic-reveals-compensation-equity-to-improve-company-performance\/","title":{"rendered":"Canadian academic reveals compensation equity to improve company performance"},"content":{"rendered":"\n<p><strong>UNAIR NEWS<\/strong>\u00a0\u2013 The 7th\u00a0International Conference and PhD Colloquium for Economic and Business\u00a0(ICEB) took place on Wednesday, September 4, 2023, in the Fajar Hall,\u00a0<a href=\"https:\/\/feb.unair.ac.id\/\">Faculty of Economics and Business (FEB)<\/a>\u00a0Building, Dharmawangsa-B Campus,\u00a051动漫 (UNAIR).\u00a0Some academics from several countries also attended this event.\u00a0A Canadian academic, Johnny Jermias PhD from\u00a0<a href=\"https:\/\/www.sfu.ca\/\">Simon Fraser University<\/a>, was present as a speaker.\u00a0His presentation was about <em>Compensation Equity and Sustainable Performance: The Effect of Governance Structure.<\/em><\/p>\n\n<p>In his presentation, Johnny revealed that inequality in the industrial world is getting worse due to rising CEO salaries and decreasing worker wages. Thus, equal compensation is very important for sustainability.<\/p>\n\n<p>\u201cThe pay gap\u00a0between CEOs and workers can lead to negative reactions for this injustice.\u00a0For example, employees who are dissatisfied with their compensation tend to express negative attitudes.\u00a0Of course, this will lead to poor service and production,\u201d said the Canadian academic.<\/p>\n\n<h4 class=\"wp-block-heading has-black-color has-text-color\"><strong>Increase transparency<\/strong><\/h4>\n\n<p>Furthermore, Johnny said that in response to social injustice in the United States, the Senate enacted the Dodd-Frank Act of 2010.<\/p>\n\n<p>\u201cAs a follow-up, in 2013\u00a0the Security and Exchange Commission\u00a0also issued a guideline recommending that companies listed on the\u00a0New York Stock Exchange\u00a0need first to disclose the median total compensation of workers excluding the CEO, CEO compensation and the ratio,\u201d he explained.<\/p>\n\n<p>\u201cSo you can read the ratio between CEO salary and worker salary. So you can immediately see the main purpose of this law. The Dodd-Frank Act is to increase transparency,\u201d continued Johnny.<\/p>\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-1024x682.webp\" alt=\"\" class=\"wp-image-239966\" srcset=\"https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-1024x682.webp 1024w, https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-300x200.webp 300w, https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-768x512.webp 768w, https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-1536x1024.webp 1536w, https:\/\/unair.ac.id\/wp-content\/uploads\/2023\/10\/ICEB-Johny-Jemias-2-2048x1365.webp 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\"><em>Johnny Jermias PhD receives a certificate from Prof Dr Dian Agustia SE MSi Ak CMA CA as Dean of FEB UNAIR.\u00a0(Photo: ICEB Committee Documentation)<\/em><\/figcaption><\/figure>\n\n<p>Johnny hoped that this policy can increase company transparency, make companies more careful when raising CEO salaries, and pay constant attention to employee salaries.<\/p>\n\n<p>According to Johnny, the salary gap indicates a company has an ineffective governance structure. However, this pay gap is also likely to be used to attract talented CEOs who can manage the company well. However, it is necessary to provide incentives to the executor.<\/p>\n\n<p>\u201cSo a salary gap is a good thing from this perspective because it attracts, retains good talent, and also motivates managers to compete so that they can progress and their compensation will be much more effective,\u201d said Johnny.<\/p>\n\n<h4 class=\"wp-block-heading has-black-color has-text-color\"><strong>Pay attention to other aspects<\/strong><\/h4>\n\n<p>Apart from\u00a0the pay gap<em>,<\/em>\u00a0paying attention to other aspects in achieving work balance is also necessary.\u00a0According to Johnny, the company\u2019s survival depends on the main stakeholders, not just shareholders.<\/p>\n\n<p>\u201cFor example, customers. If they are not happy, they won\u2019t buy that company\u2019s products again, right? If you have a bad relationship with the government or the authorities, the government may interfere with your operations. Or maybe they will oversee your operations. Moreover, this may harm your performance,\u201d he said.<\/p>\n\n<p>According to Johnny, shareholders will benefit when the company pays attention to key stakeholders, such as business opportunities and access to capital costs. (*)<\/p>\n\n<p>Author: Aidatul Fitriyah<\/p>\n\n<p>Editor: Binti Q Masruroh<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UNAIR NEWS\u00a0\u2013 The 7th\u00a0International Conference and PhD Colloquium for Economic and Business\u00a0(ICEB) took place on Wednesday, September 4, 2023, in the Fajar Hall,\u00a0Faculty of Economics and Business (FEB)\u00a0Building, Dharmawangsa-B Campus,\u00a051动漫 (UNAIR).\u00a0Some academics from several countries also attended this event.\u00a0A Canadian academic, Johnny Jermias PhD from\u00a0Simon Fraser University, was present as a speaker.\u00a0His presentation was [&hellip;]<\/p>\n","protected":false},"author":79,"featured_media":239964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[50,4554,88],"tags":[],"class_list":["post-240120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en-2","category-news","category-news-feb-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian academic reveals compensation equity to improve company performance - 51动漫 Official Website<\/title>\n<meta name=\"description\" content=\"A Canadian academic, Johnny Jermias PhD from Simon Fraser University, was present as a speaker. 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