Categories: Stories

Can wages buy honesty?

Ever wondered why some people will tell you that they have not been paid for a month, two, three, four, five or six months, but still continue to go to work? They are probably getting something out of it.

A new study entitled: Can wages buy honesty? The relationship between relative wages and employee theft by Clara Xiaoling Chen and Tatiana Sandino says people that are paid higher wages tend to be more loyal to their employers while those that are paid lower wages make up by stealing from their employers.

The study says that according to the National Retail Security Survey of 2008.investory-related theft in the United States amounted to $15.9 billion in the retail industry alone.

It says that employees receiving relatively higher wages are less inclined to steal as they reciprocate positively to their employers to retain their high paying jobs.

Employees earning relatively lower wages are more inclined to steal due to a desire to retaliate against their employers for treating them badly.

Firms that offer relatively higher wages are likely to attract a higher proportion of honest workers.

The study said also says that workers who earn relatively higher wages are more likely to monitor each other and reduce theft while those earning lower wages are more likely to collude against their employer and increase theft.

Wages also have an impact on productivity. If employees feel that management is supportive, they tend to be productive. If, on the other hand, they feel management is antagonistic, this affects their performance.

What do you think?

(14 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024