Factor analysis of perception of the compensatory policy as fair by workers

Tsimbalyuk Svitlana A. ()
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Tsimbalyuk Svitlana A.: Kyiv National Economic University named after. V. Getman

The Problems of Economy, 2013, issue 3, 307_313

Abstract: The goal of the article is the study of the essence of the "fair compensatory policy" notion and analysis of factors that influence perception of the compensatory policy as fair by workers. The article formulates conceptual provisions that reveal the essence of the "fair compensatory policy" notion. In the result of the study the article assesses impact on the effective feature "the level of perception of the system of remuneration of labour as fair by employed workers" of such factor features as the level of satisfaction of the worker with the size of remuneration, level of transparency of the system of remuneration of labour, level of dependence of remuneration on complexity of works and duties, and the level of dependence of remuneration on individual results of labour. The article builds a regression model of dependence of the effective feature on factor features. It establishes that only when at least three parameters of the model are positive, the worker can perceive the system of remuneration of labour as fair. Moreover, such a situation is possible also in case of dissatisfaction of the worker with the size of his or her remuneration. Further studies should be directed at development of proposals on planning various components of the aggregate remuneration from the point of view of ensuring social fairness of the compensatory policy.

Keywords: compensation; remuneration; wages; compensatory policy; fair system of remuneration of labour; transparent system of remuneration of labour; differentiation of remuneration (search for similar items in EconPapers)
Date: 2013
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