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Open Access. Powered by Scholars. Published by Universities.®

1996

Lindenwood University

Income level

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Full-Text Articles in Business

Correlations Of Income Level And Employee Tradeoff Preference Between Wages And Fringe Benefits, Perry G. Hirtz Jan 1996

Correlations Of Income Level And Employee Tradeoff Preference Between Wages And Fringe Benefits, Perry G. Hirtz

Theses

This thesis seeks to determine if a relationship exits between income level and employee preferences for various benefits as measured against a form of wage trade- off value utilizing Maslow's theory of hierarchy of needs as a basis.

The ever increasing cost of providing benefits makes it important for organizations to formulate benefit packages that maximize their value to employees as part of the overall compensation package . Research which adds to the understanding of how benefits are valued by employees can aid in the formulation of successful and efficient compensation structures.

A limited amount of research has been conducted …