What Pay Means to Employees
• Value – perceived worth to an organization
• Equity – perceived worth compared to other individuals
• Finances – ability to maintain certain standard of living
• Jealousy – difficulties that arise if someone is not recognized according to
perceived worth
• Favoritism – perception that one person may be singled out to receive
more/less
• Anomaly – pay for reliability (attendance)
• Precedent – recognition of similar actions in the future
• Appropriateness – entitled to more than salary (bonus, profit sharing) for
extra effort?