Let take a look at the meta-analysis by Tim Judge and his colleagues in 2010. The authors here reviewed 120 years of studies to synthesize the findings from over 90 quantitative studies. The results show that the association between wage and job satisfaction is really weak. There is less 2% overlap between pay and work satisfaction levels. Also, the correlation between pay and pay satisfaction was just slightly higher, showing that employee satisfaction with their salary is mostly independent of their actual salary. When the authors conducted group-level comparisons, they find out that employees that earn wages in the top half of their data range the same levels of job satisfaction to the employees that earn wages in the bottom-half of the data range. According to the engagement research on 1.4 million employees from 192 organizations in 49 industries and 34 countries by Gallup Ė a U.S research-based, global performance-management consulting company, there is no considerable difference in employee engagement by pay level.
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