Do fringe benefits affect job satisfaction?
| Thesis title in Czech: | Ovlivňují zaměstnanecké benefity spokojenost s prací? |
|---|---|
| Thesis title in English: | Do fringe benefits affect job satisfaction? |
| Key words: | spokojenost s prací, zaměstnanecké výhody, determinanty spokojenosti s prací, benefity, kompenzace |
| English key words: | job satisfaction, fringe benefits, determinants of job satisfaction, benefits, compensation |
| Academic year of topic announcement: | 2018/2019 |
| Thesis type: | Bachelor's thesis |
| Thesis language: | angličtina |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | Mgr. Barbara Pertold-Gebicka, M.A., Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 07.05.2019 |
| Date of assignment: | 07.05.2019 |
| Date and time of defence: | 10.06.2020 09:00 |
| Date of electronic submission: | 07.05.2020 |
| Date of proceeded defence: | 10.06.2020 |
| Opponents: | Mgr. Vědunka Kopečná, Ph.D. |
| URKUND check: | |
| References |
| Artz, Benjamin. "Fringe benefits and job satisfaction." International journal of manpower 31.6 (2010): 626-644.
Donohue, Susan M., and John S. Heywood. "Job satisfaction and gender: an expanded specification from the NLSY." International Journal of Manpower 25.2 (2004): 211-238. Freeman, Richard B. "Job satisfaction as an economic variable." (1977). Heywood, John S., W. Stanley Siebert, and Xiangdong Wei. "Worker sorting and job satisfaction: The case of union and government jobs." ILR Review 55.4 (2002): 595-609. Kiker, Billy Frazier. "Fringe benefits and the earnings equation: A test of the consistency hypothesis." The Journal of Human Resources 22.1 (1987): 126-137. Luchak, Andrew A., and Ian R. Gellatly. "How pension accrual affects job satisfaction." Journal of Labor Research 23.1 (2002): 145-162. |
| Preliminary scope of work in English |
| Research question and motivation
The main question of the thesis is to find out how fringe benefits affect job satisfaction. Fringe benefits stand as an important part of work compensation but confirming their role in determining job satisfaction has been mixed at best. They might be a welcomed complement to monetary earnings, but they can also substitute for part of earnings and reduced job mobility. The goal of this thesis is to find out which benefits have negative and which positive impact on job satisfaction and to specify how different people react to these benefits. Various studies have been conducted to find out the factors which determine job satisfaction and the way it influences productivity in the organization, for example, job satisfaction was found to be negatively related to job turnover (Freeman 1978), absenteeism (Clegg, 1983), and positively related to productivity (Mangione and Quinn, 1975). Therefore, it is useful to understand which job characteristics and provisions increase job satisfaction. Although fringe benefits stand as an important piece of worker compensation packages they have not been given much attention in the job satisfaction literature. To the best of my knowledge, there is only one relatively recent paper analyzing the relationship between fringe benefits and job satisfaction (Artz, 2010). Contribution I will analyze which benefits have a significant impact of job satisfaction between years 1997 to 2015, which is a significant extension over the work of Artz (2010), then summarize the opinions of others and try to do my own survey of perception of benefits as income compensation. The result can be beneficial for employers when they decide which benefits they want to offer to satisfy as many employees as possible because I will identify potential heterogeneities among employees in the perception of fringe benefits. Methodology The data used will be from the National Longitudinal Survey of Youth. This United States panel data contain a measure of overall job satisfaction and many variables measuring the qualities of one's job, for example, flexible schedule, life insurance and debatable topic about the retirement plan. I will use ordinary least squares and, possibly also multinomial models to model the dependence of job satisfaction on job characteristics. Further, I will collect my own data in the form of a survey among Czech employees. The goal of the survey is to directly find out how employees asses fringe benefits and check whether Czech employees have similar attitudes as US employees. Outline Abstract Introduction 1. why is my topic interesting 2. brief overview of existing literature 3. main results and what they mean 4. how is the thesis organized Job satisfaction determinants 1. general determinants of job satisfaction 2. types of fringe benefits Methodology 1. description of relevant data 2. data analysis 3. impact of benefits on job satisfaction 4. my own survey Results 1. rejecting / not rejecting hypotheses about the influence of fringe benefits of job satisfaction 2. my interpretation of the results Conclusion 1. broader interpretation of results 2. implications for practice 3. topics for further research. |