Credit Suisse Business Analytics, Hiranandani Business Park, Mumbai, 400076
This paper explores the relevance of pay satisfaction in generating desired organizational outcomes among the technically qualified workforce in the Indian IT and IT enabled sector and the relationship between social communications as a means of pay comparison affecting pay satisfaction. The results of the study suggest that a strong relationship exists between pay satisfaction and social comparison. However, its strength varies at different levels of hierarchy. The study also explores the various mechanisms of social comparison namely social contact and task interdependence and finds out that both the factors weakly influence pay satisfaction.
Pay satisfaction, social comparison, task interdependence