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WAGE SURVEYS: DISPELLING SOME MYTHS ABOUT THE “MARKET WAGE”
Author(s) -
RYNES SARA L.,
MILKOVICH GEORGE T.
Publication year - 1986
Publication title -
personnel psychology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 6.076
H-Index - 142
eISSN - 1744-6570
pISSN - 0031-5826
DOI - 10.1111/j.1744-6570.1986.tb00575.x
Subject(s) - wage , job evaluation , valuation (finance) , construct (python library) , job market , economics , compensating differential , labour economics , efficiency wage , job analysis , job satisfaction , wage share , management , accounting , work (physics) , mechanical engineering , computer science , engineering , programming language
The comparable worth controversy has generated much discussion about the appropriate valuation of job worth. To date, academic inquiries into the measurement of job worth have focused primarily on job evaluation; however, recent court decisions suggest that market wages are a more compelling indicator of job worth than are job evaluation results. This paper examines the construct of “market wage” and the process by which it is measured (wage surveys). It is argued that both the construct and the measurement of the market wage have not been sufficiently examined by either academics or the courts. Implications for pay administration and future research are noted.