Compensation Preferences: The Role of Personality and Values

Amanda M. Julian; Onno Wijngaard; Reinout E. de Vries

doi:10.3389/fpsyg.2021.550919

Compensation Preferences: The Role of Personality and Values

Amanda M. Julian^*, Onno Wijngaard, Reinout E. de Vries

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

Abstract

The present study investigated relations between personality and values on the one hand and compensation preferences on the other. We hypothesized that HEXACO Honesty-Humility and self-transcendence versus self-enhancement values predict preference for higher relative compensation level and that HEXACO Openness to Experience and openness to change versus conservation values predict preference for compensation variability. Furthermore, we expected perceived utility of money and risk aversion to mediate the respective relations. The hypotheses were tested using a sample of 2,210 employees from a large international organization. The results provided support for the direct and mediated relations between personality and values on the one hand and preferences for compensation variability and level on the other.

Original language	English
Article number	550919
Pages (from-to)	1-9
Number of pages	9
Journal	Frontiers in Psychology
Volume	12
Issue number	April
DOIs	https://doi.org/10.3389/fpsyg.2021.550919
Publication status	Published - 7 Apr 2021

Bibliographical note

Publisher Copyright:
© Copyright © 2021 Julian, Wijngaard and de Vries.

Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.

Keywords

compensation
compensation preferences
HEXACO personality
personality
values

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3389/fpsyg.2021.550919

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AB - The present study investigated relations between personality and values on the one hand and compensation preferences on the other. We hypothesized that HEXACO Honesty-Humility and self-transcendence versus self-enhancement values predict preference for higher relative compensation level and that HEXACO Openness to Experience and openness to change versus conservation values predict preference for compensation variability. Furthermore, we expected perceived utility of money and risk aversion to mediate the respective relations. The hypotheses were tested using a sample of 2,210 employees from a large international organization. The results provided support for the direct and mediated relations between personality and values on the one hand and preferences for compensation variability and level on the other.

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Compensation Preferences: The Role of Personality and Values

Abstract

Bibliographical note

Keywords

UN SDGs

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