Date of Award

5-2016

Degree Type

Honors College Thesis

Department

Accounting

First Advisor

Wanda Fennell, M.B.A.

Advisor Department

Management and International Business

Abstract

This is a study which is interested in perceptions people have toward the varying forms of labor compensation. It specifically compares perceptions of hourly pay with those of performance-based pay(PBP). A survey instrument was used to gather individual perceptions of pay systems by sampling the students in the College of Business at a southern university. This study tested and confirmed that PBP is rated significantly more positive than hourly pay by its respondents. This study also tests whether workplace experience or classroom experience has a significant impact on respondents’ ratings of PBP or hourly pay. Respondents rated PBP attributes more positively, as compared to hourly pay, regardless of whether or not they had been exposed to PBP in the workplace or in the classroom. An unforeseen inference resulting from this study suggests a potential growing trend among millennials of a preference for PBP.

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