Charness, Gary B; Haruvy, Ernan - Department of Economics, University of California-Santa … - 1999
wage affects employee satisfaction, it is not only the wage per se that determines morale, but also the perceived fairness … aware of the relationship between fairness in compensation and employee morale as well as their own biases regarding the … fairness reference point. Overcoming such biases requires a careful decision-making protocol in compensation decisions. …