employees' satisfaction
What are the effects of pay satisfaction on employees’ mobility: apply to VietNam
Student : Nguyen Thi Quynh Trang
Abtract
This paper examines the impact of pay satisfaction on employees’ mobility. I find that there is an association between organizational structure, payment policies and this have a great effect on the labor mobility. A survey/ questionnaire is conducted to understand the empoyees’ attitude and give employers an over view on their staff while facing with the change.
Introduction
During operations, especially business operations, wages are considered as cost component of a firm, so wages are calculated and managed carefully. According to Dr. Le Quan, chairman of EduViet Corp, to construct a wages policy, it’s necessary to determine wages paid for employees are considered as investment or cost. If firms consider wages as an investment, they will pay higher base salaries to attract high qualified employees, monitoring and evaluation work clearly and objectively. In constrast, businesses that consider wages as cost often pay low salary for a safety financial measure. As for the employees, wages are their incomes earned from labor, which directly affect their lives so that wage is one of the top concerns of the employees in the business, beside other important factors such as business reputation, work environment, opportunities for advancement ... Workers ' effort levels may significantly depend on the extent to which they feel they are being treated fairly by their employers (Lawrence, F.K., 1986). Many researchers found that a suitable paying system can be helpful to improve employees’ productivity and qualities, attract and maintain good staff (mobility). Moreover, a clear compensation system will help leaders understand and balance the costs and productivity of their staff. Therefore, constructing a suitable compensation system has an important role in the policy of human resources development
Student : Nguyen Thi Quynh Trang
Abtract
This paper examines the impact of pay satisfaction on employees’ mobility. I find that there is an association between organizational structure, payment policies and this have a great effect on the labor mobility. A survey/ questionnaire is conducted to understand the empoyees’ attitude and give employers an over view on their staff while facing with the change.
Introduction
During operations, especially business operations, wages are considered as cost component of a firm, so wages are calculated and managed carefully. According to Dr. Le Quan, chairman of EduViet Corp, to construct a wages policy, it’s necessary to determine wages paid for employees are considered as investment or cost. If firms consider wages as an investment, they will pay higher base salaries to attract high qualified employees, monitoring and evaluation work clearly and objectively. In constrast, businesses that consider wages as cost often pay low salary for a safety financial measure. As for the employees, wages are their incomes earned from labor, which directly affect their lives so that wage is one of the top concerns of the employees in the business, beside other important factors such as business reputation, work environment, opportunities for advancement ... Workers ' effort levels may significantly depend on the extent to which they feel they are being treated fairly by their employers (Lawrence, F.K., 1986). Many researchers found that a suitable paying system can be helpful to improve employees’ productivity and qualities, attract and maintain good staff (mobility). Moreover, a clear compensation system will help leaders understand and balance the costs and productivity of their staff. Therefore, constructing a suitable compensation system has an important role in the policy of human resources development
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