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Empirically testing the relationship between income distribution, perceived value of money and pay satisfaction


Ibrahim, Zalina and Ismail, Azman and Dousin, Oscar and Girardi, Antonia and Ahmad, Zainal Ariffin and Mohd Shariff, Mohd Noor and Majid, Abdul Halim and Abdullah, Muhammad Madi (2009) Empirically testing the relationship between income distribution, perceived value of money and pay satisfaction. Intangible Capital, 5 (3). pp. 235-258. ISSN 1697-9818

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Income Distribution, Perceived Value of Money, Pay Satisfaction, Malaysia
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Business Management
Depositing User: Prof. Dr. Mohd Noor Mohd Shariff
Date Deposited: 15 Jun 2016 03:17
Last Modified: 15 Jun 2016 03:17
URI: http://repo.uum.edu.my/id/eprint/18089

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