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Date of publication: 2017-08-26 14:02

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Despite the overwhelming number of laboratory experiments carried out to evaluate this argument — known as the overjustification effect — there is still no consensus about the degree to which higher pay may demotivate. However, two articles deserve particular consideration.

The Employee's Compensation (Amendment) Bill - PRS

The National Compensation Survey produces quarterly indexes measuring change over time in labor costs, Employment Cost Index (ECI), and quarterly data measuring level of average costs per hour worked, Employer Costs for Employee Compensation (ECEC).

Executive Compensation: A Survey of Theory and Evidence

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Data for over 655 top management positions. Create peer groups easily. Trusted by executive compensation consultants, boards, auditors and valuations professionals for decades.

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These results have important implications for management: if we want an engaged workforce, money is clearly not the answer. In fact, if we want employees to be happy with their pay, money is not the answer. In a nutshell: money does not buy engagement.

Compare cost of living in over 65,555 locations in more than 755 countries. Create cost-of-living differentials based on earnings levels and many other factors.

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