Analyzing Pay Theories
Providing fair and equal pay is one matter, but understanding your employees’ perception of fair pay is another. While you may believe employee compensation is satisfactory, it is very possible an employee might believe differently. When it comes to pay, there are many psychological theories behind how to satisfy an employee.
- Psychological theories behind pay systems
- Three methods for understanding an employee’s relationship with pay
- How pay relates to employee motivation and satisfaction
- How pay theories can help you choose the type of pay system your organization needs