Personnel policies at the Union Bank of Australia: Evidence from the 1888-1900 entry cohorts

• 成果类型: Article
• 署名作者: Seltzer, A; Merrett, D
• 署名单位: University of London; Royal Holloway University London; University of Melbourne
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/209970
• 发表日期: 2000
• 页码: 573-613
• 关键词: economics; firm

摘要

This article uses personnel, payroll, and other records from the Union Bank of Australia to examine internal labor markets. It is shown that employment was characterized by limited ports of entry, impersonal rules for pay and promotion, well-defined career ladders, shielding from the external labor market, and a long-term employment relationship. In addition tenure within the bank was rewarded considerably more than experience elsewhere, and compensation increased considerably after 25-30 years tenure. These facts are partially consistent with the human capital, matching, and contract theory models but cannot be fully explained by any one model.