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  • March 2025
  • Case

Taylor Guitars: Making Employee Ownership Work the Taylor Way

By: Dennis Campbell, Petros Kusmu and Stacy Straaberg
In 2013, guitar manufacturer Taylor Guitars’ co-founders Bob Taylor and Kurt Listug were considering several exit options including selling to a competitor or to a private equity firm. The co-founders decided, instead, to embark on a seven-year process to transfer 100%... View Details
Keywords: Business Exit or Shutdown; Communication Strategy; Announcements; Decisions; Music Entertainment; Values and Beliefs; Borrowing and Debt; Geographic Location; Global Range; Governance; Employee Stock Ownership Plan; Management Style; Organizational Culture; Organizational Structure; Private Ownership; Business Strategy; Management Succession; Transition; Employee Ownership; Performance; Manufacturing Industry; Entertainment and Recreation Industry; United States; California; San Diego; Mexico; Netherlands
Related
  • 2018
  • Working Paper

Managing Through Organizational Change: Employee Alignment in the Presence of Unexpected Career Concerns

By: Ohchan Kwon and Jee-Eun Shin
This study examines performance consequences due to unexpected career concerns – layoff risks due to institutional reasons. Exploiting a company-wide announcement of a merger decision by management as a trigger event for unexpected career concerns, we examine employee... View Details
Keywords: Career Changes; Performance Measures; Incentives; M＆A; Employees; Personal Development and Career; Mergers and Acquisitions; Organizational Change and Adaptation; Performance; Motivation and Incentives
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  • 04 Mar 2013
  • Working Paper Summaries

The Dirty Laundry of Employee Award Programs: Evidence from the Field

Keywords: by Timothy Gubler, Ian Larkin & Lamar Pierce; Service
  • 21 May 2012
  • Research & Ideas

OSHA Inspections: Protecting Employees or Killing Jobs?

help gauge regulations' effectiveness. What's more, say Toffel and Levine, the potential benefits from randomizing isn't limited to government inspections, but can also extend to the private sector in the form of randomizing the... View Details
Keywords: by Michael Blanding

    The New Negotiation Over Job Benefits and Perks in post-Covid Hybrid Work

    As organizations consider what a return to the office looks like, some employees say they would be willing to forgo traditional perks like health care and pay for access to office space. View Details
    • 10 Jan 2022
    • Research & Ideas

    How to Get Companies to Make Investments That Benefit Everyone

    company takes that create unintended consequences for others—can be good or bad. An example of a positive externality is reduced healthcare costs for everyone when employees are required to get COVID-19 vaccines. A negative externality... View Details
    Keywords: by Lane Lambert
    • December 2021
    • Article

    Employee Responses to Compensation Changes: Evidence from a Sales Firm

    By: Jason Sandvik, Richard Saouma, Nathan Seegert and Christopher Stanton
    What are the long-term consequences of compensation changes? Using data from an inbound sales call center, we study employee responses to a compensation change that ultimately reduced take-home pay by 7% for the average affected worker. The change caused a significant... View Details
    Keywords: Employees; Wages; Compensation and Benefits; Change; Performance; Resignation and Termination; Retention; Analysis
    Related
    • 17 Sep 2020
    • Research & Ideas

    Many Small-Business Employees May Be Close to Losing Health Insurance

    A health insurance crisis may be looming for employees of small businesses, with many firms struggling to cover their share of these costs, new research from Harvard Business School finds. Nearly one-third of employers surveyed weren’t... View Details
    Keywords: by Rachel Layne; Health
    • 28 Jan 2019
    • Research & Ideas

    Forget Cash. Here Are Better Ways to Motivate Employees

    motivators that will entice greater effort and loyalty out of workers. Turns out, using cash as a carrot isn’t always the best answer, according to new research by Harvard Business School Assistant Professor Ashley V. Whillans. More than 80 percent of American View Details
    Keywords: by Dina Gerdeman
    • 30 Aug 2020
    • Working Paper Summaries

    Consumers Punish Firms that Cut Employee Pay in Response to COVID-19

    Keywords: by Bhavya Mohan, Serena Hagerty, and Michael Norton
    • 1997
    • Book

    Finding Time: How Corporations, Individuals, and Families Can Benefit from New Work Practices

    By: Leslie Perlow
    Why do Americans work so hard? Are the long hours spent at work really necessary to increase organizational productivity? Perlow documents the work life of employees who assume that for their own success and the success of their organization they must put in extended... View Details
    Keywords: Time Management; Working Conditions; Work-Life Balance; Performance Productivity
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    • Article

    Can Wages Buy Honesty?: The Relationship Between Relative Wages and Employee Theft

    By: C. X. Chen and Tatiana Sandino
    In this study we examine whether, for a sample of retail chains, high levels of employee compensation can deter employee theft, an increasingly common type of fraudulent behavior. Specifically, we examine the extent to which relative wages (i.e., employee wages... View Details
    Keywords: Risk Management; Behavior; Compensation and Benefits; Societal Protocols
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    • 2025
    • Working Paper

    Home Sweet Home: How Much Do Employees Value Remote Work?

    By: Zoë B. Cullen, Bobak Pakzad-Hurson and Ricardo Perez-Truglia
    We estimate the value employees place on remote work using revealed preferences in a high-stakes, real-world context, focusing on U.S. tech workers. On average, employees are willing to accept a 25% pay cut for partly or fully remote roles. Our estimates are three to... View Details
    Keywords: Employees; Compensation and Benefits; Satisfaction; Value; Research
    Related
    • 28 Apr 2023
    • Blog Post

    Creating a Workplace That Supports Employees in Work and Life

    member disclosure (i.e. informed, out to other LGBTQ+ people, the company, beyond the company),” they recommended. Doing so creates a safe space for all members of the community to engage. Benefits Packages Creating and informing View Details
    Keywords: All Industries
    • January 2025
    • Article

    Overcoming Barriers to Employee Ownership: Insights from Small and Medium-Sized Businesses

    By: John Guzek and Ashley Whillans
    This research investigates the limited adoption of employee stock ownership plans (ESOPs) among small-to-medium sized businesses (SMBs) in the U.S. Through interviews with 30 SMB owners across various industries, we identify the key barriers to ESOP adoption as lack of... View Details
    Keywords: Profit Sharing; Employee Ownership; Management Practices and Processes; Compensation and Benefits; Small Business; Adoption; Employees
    Related
    • 19 Apr 2017
    • News

    This company trusts its employees so much it has a “no limits” expense policy

    • 17 Jan 2019
    • Research & Ideas

    Why Business Should Support Employees Who Are Caregivers

    benefits for caregivers—if only employees would use them. While 65 percent of employers said they offered flexible working arrangements—the most common caregiving benefit—only 39 percent of View Details
    Keywords: by Danielle Kost; Health
    • 15 Sep 2014
    • Research & Ideas

    Are the Most Talented Employees the Highest Paid? Yes—If They’re Bankers

    Job seekers who want to be paid commensurate with their talent level might want to pursue a career in high finance. Recent research finds that the finance industry compensates employees largely according to how talented they are. Other... View Details
    Keywords: by Carmen Nobel; Banking
    • 09 May 2024
    • Research & Ideas

    Called Back to the Office? How You Benefit from Ideas You Didn't Know You Were Missing

    development (R&D), making the finding relevant for leaders of research-intensive organizations trying to calibrate hybrid work policies. To be sure, remote work can reduce office space costs for companies and provide employees with... View Details
    Keywords: by Ben Rand
    • 28 Feb 2011
    • Research & Ideas

    The Importance of ‘Don’t’ in Inducing Ethical Employee Behavior

    is for companies to frame goals in terms of promotion, and what we show here is that this might actually lead to cheating as a side effect.” The dichotomy raises an important question: If employees are generally focused on the View Details
    Keywords: by Carmen Nobel