Compensation Preferences: The Role of Personality and Values

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

doi:10.3389/fpsyg.2021.550919

Frontiers in Psychology (Apr 2021)

Compensation Preferences: The Role of Personality and Values

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

Affiliations

Amanda M. Julian: Department of Psychology, University of Calgary, Calgary, AB, Canada
Onno Wijngaard: Heineken International B.V., Amsterdam, Netherlands
Reinout E. de Vries: Department of Experimental and Applied Psychology, Vrije Universiteit Amsterdam, Amsterdam, Netherlands

DOI: https://doi.org/10.3389/fpsyg.2021.550919
Journal volume & issue: Vol. 12

Abstract

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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.

Published in Frontiers in Psychology

ISSN: 1664-1078 (Online)
Publisher: Frontiers Media S.A.
Country of publisher: Switzerland
LCC subjects: Philosophy. Psychology. Religion: Psychology
Website: https://www.frontiersin.org/journals/psychology

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