Testing the Effect of Level and Importance of Pay Referents on Pay Level Satisfaction

Using 162 pharmaceutical managers in a longitudinal research design, this study tested whether level and importance of a pay referent interacted to affect pay level satisfaction. Five pay referents (financial, historical, organization, market, and social) and three standardized pay level satisfaction scales (Job Descriptive Index, Minnesota Satisfaction Questionnaire, and Pay Satisfaction Questionnaire) were used. After controlling for employee...