Empirically testing the relationship between income distribution, perceived value money and pay satisfaction
Compensation management literature highlights that income has three major features: salary, bonus and allowance. If the level and/or amount of income are distributed to employees based on proper rules this may increase pay satisfaction. More importantly, a thorough investigation in this area reve...
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| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
OmniaScience
2009
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| Subjects: | |
| Online Access: | http://eprints.usm.my/38951/1/Empirically_testing_the_relationship_between_income_distribution%2C_perceived_value_of_money.pdf http://eprints.usm.my/38951/ http://dx.doi.org/10.3926/ic.2009.v5n3.p235-258 |
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| Institution: | Universiti Sains Malaysia |
| Language: | English |
| Summary: | Compensation management literature highlights that income has three major
features: salary, bonus and allowance. If the level and/or amount of income are
distributed to employees based on proper rules this may increase pay satisfaction.
More importantly, a thorough investigation in this area reveals that the effect of
income distribution on pay satisfaction is not consistent if perceived value of
money is present in organizations. The nature of this relationship is less emphasized in pay distribution literature. Therefore, this study was conducted to
measure the effect of the perceived value of money and income distribution on pay
satisfaction using 136 usable questionnaires gathered from employees who have
worked in one city based local authority in Sabah, Malaysia (MSLAUTHORITY).
Outcomes of hierarchical regression analysis showed that the interaction between
perceived value of money and income distribution significantly correlated with pay
satisfaction. This result confirms that perceived value of money does act as a
moderating variable in the income distribution model of the organizational sample.
In addition, discussion and implications of this study are elaborated. |
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