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11 - Engaging in Value-Based Compensation

from Part III - Cognition-Based Personal Interventions of Work-Life Balance

Published online by Cambridge University Press:  19 January 2023

M. Joseph Sirgy  and
Dong-Jin Lee
M. Joseph Sirgy
Affiliation:
Virginia Tech
Dong-Jin Lee
Affiliation:
Yonsei University
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Summary

In this chapter we discuss the concept of value-based compensation and the research supporting it. This concept refers to individuals changing the way they perceive the importance of work and nonwork roles and life domains as a function of their successes and failures. They value those roles/domains they find satisfying and devalue those they find dissatisfying. Doing so allows them to maintain a semblance of life satisfaction overall. That is, they “compensate” for the dissatisfaction they experience in roles by decreasing their salience; and conversely, they increase the salience of satisfying roles. We discuss two specific interventions used in value-based compensation: (1) sequencing work and nonwork goals and (2) revising existing work and nonwork goals and selecting new goals. We also discuss intervention programs that organizations can institutionalize to achieve higher levels of employee work-life balance based on these personal interventions.

Keywords

value-based compensationwork-life balancelife satisfactiondomain satisfactionsequencing goalsrevising goalsselecting new goals
Type
Chapter
Information
Work-Life Balance
HR Training for Employee Personal Interventions
 , pp. 129 - 139
Publisher: Cambridge University Press
Print publication year: 2023

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References

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