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

Azman Ismail, Oscar Dousin, Antonia Girardi, Zainal Ariffin Ahmad, Mohd Noor Mohd Shariff, Abdul Halim Majid, Muhammad Madi Abdullah, Zalina Ibrahim

Research output: Contribution to journalArticle

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.

Original languageEnglish
Pages (from-to)235-258
Number of pages24
JournalIntangible Capital
Volume5
Issue number3
Publication statusPublished - 2009
Externally publishedYes

Fingerprint

purchasing power
income distribution
money
Personnel
Wages
Testing
Regression analysis
Values
employee
income
salary
Malaysia
regression analysis
Income distribution
Pay satisfaction
Perceived value
questionnaire
interaction
management
literature

Keywords

  • Income distribution
  • Malaysia
  • Pay satisfaction
  • Perceived value of money

ASJC Scopus subject areas

  • Accounting
  • Business and International Management
  • Management of Technology and Innovation
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Education

Cite this

Ismail, A., Dousin, O., Girardi, A., Ahmad, Z. A., Shariff, M. N. M., Majid, A. H., ... Ibrahim, Z. (2009). Empirically testing the relationship between income distribution, perceived value money and pay satisfaction. Intangible Capital, 5(3), 235-258.

Empirically testing the relationship between income distribution, perceived value money and pay satisfaction. / Ismail, Azman; Dousin, Oscar; Girardi, Antonia; Ahmad, Zainal Ariffin; Shariff, Mohd Noor Mohd; Majid, Abdul Halim; Abdullah, Muhammad Madi; Ibrahim, Zalina.

In: Intangible Capital, Vol. 5, No. 3, 2009, p. 235-258.

Research output: Contribution to journalArticle

Ismail, A, Dousin, O, Girardi, A, Ahmad, ZA, Shariff, MNM, Majid, AH, Abdullah, MM & Ibrahim, Z 2009, 'Empirically testing the relationship between income distribution, perceived value money and pay satisfaction', Intangible Capital, vol. 5, no. 3, pp. 235-258.
Ismail, Azman ; Dousin, Oscar ; Girardi, Antonia ; Ahmad, Zainal Ariffin ; Shariff, Mohd Noor Mohd ; Majid, Abdul Halim ; Abdullah, Muhammad Madi ; Ibrahim, Zalina. / Empirically testing the relationship between income distribution, perceived value money and pay satisfaction. In: Intangible Capital. 2009 ; Vol. 5, No. 3. pp. 235-258.
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