Job Performance, Job Satisfaction and Pay System

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A lot has been written and claimed about the relationship among job performance, job satisfaction and pay. One theory suggests that contented workers, like contented cows, produce more of whatever they are supposed to produce than do discontented workers. Pay, on the other hand, has been an enigmatic part of the formula. Motivation Theorist Hertzberg claims that pay has a limited effect as a satisfier. Other researchers like Cherrington and Luthans claim money has more of an impact. At the extreme is CEO/author Richard Sloma, who says that there are only three keys to motivation and satisfaction— money, money and more money. Continue reading