%0 Journal Article
%T The antecedents of satisfaction with pay in teams: do performance-based compensation and autonomy keep team-members satisfied?
%A Ana-Maria Godeanu
%J Eastern Journal of European Studies
%D 2012
%I Alexandru Ioan Cuza University of Iasi
%X This paper aims to investigate the effects performance-based compensation and autonomy on satisfaction with pay in the context of team working. I develop a complex perspective that considers the influence of different monetary and non-monetary rewards on satisfaction with pay. Drawing from the agency theory, equity theory and theory of cooperation I predict that both piece rates and team-based rewards are associated with higher pay satisfaction. Moreover, I claim that both individual and team-based autonomy contribute to increased satisfaction with pay. Using a cross-sectional dataset of randomly selected European employees who are asked about specific working and living conditions, results confirm that both productivity-based rewards and autonomy are important for employee satisfaction. Managers should know when to introduce rewards based only on individual merits and when to give to use autonomy as a buffer to compensate for the potential lack of fairness in the payment system.
%K performance-based compensation
%K agency theory
%K equity theory
%K pay satisfaction
%K employee autonomy
%U http://ejes.uaic.ro/articles/EJES2012_0301_GOD.pdf