Factors Driving Employee Pay Criterion in Corporations
Title Factors Driving Employee Pay Criterion in Corporations
Author

Dr. Jim Mirabella: jim@teacher.com and
Web site is www.drjimmirabella.com.
Dr. Danielle Babb: mischik@hotmail.com
Web site is www.drdaniellebabb.com
Mr. Alex Lazo: alexlazo@cox.net.

Contact Information

Performance, Motivation, Pay-for-Performance, Pay System, Compensation, Satisfaction, Turnover, Scientific Management, Frederick Taylor, Edward Lawler, Frederick Herzberg, Two-Factor Theory, Victor Vroom, Expectancy Theory

Key words Human Capital, Economic growth, Education level, Cobb-Douglas theory, Zhejiang Province
Abstract

This study seeks to determine if certain employee demographic factors play a role in the rating of various criteria of pay systems. Specifically, the age and educational level of employees are considered separately as potential determining factors of the perception of length of service, performance, and education as desired pay criteria. The literature review will begin with a history of economic motivation and motivational theories, and conclude with recent work in the field. The works of Taylor and Lawler regarding economic motivation are reviewed. A survey of a diverse population is administered and evaluated using quantitative measurements. It is found that employees tend to prefer being compensated based on their individual traits that provide them with a competitive advantage.

Full-text Contact: Dr.Obeidat at mobeidat@spsu.edu or lsun@spsu.edu
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