Author (Person) | Godeanu, Ana-Maria |
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Series Title | Eastern Journal of European Studies |
Series Details | Vol.3, No.1, June 2012, p145 |
Publication Date | June 2012 |
ISSN | 2068-651X |
Content Type | Journal | Series | Blog |
Abstract: This paper aims to investigate the effects performance-based compensation and autonomy on satisfaction with pay in the context of team working. I develop a complex perspective that considers the influence of different monetary and non-monetary rewards on satisfaction with pay. Drawing from the agency theory, equity theory and theory of cooperation I predict that both piece rates and team-based rewards are associated with higher pay satisfaction. Moreover, I claim that both individual and team-based autonomy contribute to increased satisfaction with pay. Using a cross-sectional dataset of randomly selected European employees who are asked about specific working and living conditions, results confirm that both productivity-based rewards and autonomy are important for employee satisfaction. Managers should know when to introduce rewards based only on individual merits and when to give to use autonomy as a buffer to compensate for the potential lack of fairness in the payment system. |
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Source Link | Link to Main Source http://www.ejes.uaic.ro/articles/EJES2012_0301_GOD.pdf |
Countries / Regions | Europe |