wrdeer

Being paid by the hour makes you happier ?

In Uncategorized on December 12, 2009 at 10:32 pm

How you pay is as important as how much you pay when it comes to motivating a workforce through pay.How much this is dependent on the scale of salary and the diminishing returns of higher salaries kicking in, i'm not sure yet. I'm interested to unpick this idea so expect a follow up post at some point.

People paid by the hour exhibit a stronger relationship between income and happiness, according to a study published in the current issue of Personality and Social Psychology Bulletin (PSPB), the official journal of the Society for Personality and Social Psychology.

Researchers explored the relationship between income and happiness by focusing on the organizational arrangements that make the connection between time and money. They found that the way in which an employee is paid is tied to their feeling of happiness.

The researchers theorize that hourly wage-earners focus more attention on their pay than those who earn a salary. That concrete, consistent focus on the worth of the employee's time in each paycheck influences the level of happiness the employee feels.

Posted via email from Urban Ascetic (Lite)

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