Nivedita Ravi

To what extent does the importance of pay affect job satisfaction of employees based on the industry and the job level?

Started Mar. 16, 2023

Abstract or project description

Pay has been a highly debated factor as an influence on people's motivation in the workplace. While pay may offer an incentive to complete tasks, it may also decrease creativity and innovation in the workplace. Therefore, analyzing the impact of pay is important in understanding the ideal approaches employers should take to increase job satisfaction among employees. We analyzed employee reviews of companies specializing in different industries, such as engineering and food. We noted the prevalence of pay in their reviews, their job satisfaction,, and their job level and industry according to the Bureau of Labor Statistics. In this analysis, we considered if job satisfaction changes when the importance of pay increases. We also explored if their is a relationship between importance of pay and job satisfaction depending on industry and job level.