The relative effects of perceived company ethics versus remuneration package satisfaction on employee engagement

Abstract

Employee engagement is an essential driver to obtaining more effective, motivated employee participation and improved business performance. Perceived company ethics and remuneration package satisfaction are significant yet potentially conflicting forces on employee engagement, as companies may pursue higher financial rewards through unethical ways. This research answers the grand challenge in terms of which one of the employee engagement influencing forces of perceived company ethics and remuneration package satisfaction are stronger influences by using a quantitative approach. The financial services industry has been exposed recently for various unethical practice scandals as well as having its excessive remuneration levels being highlighted. By understanding the forces of employee engagement better, this provides financial services companies with a better informed view as to where their focus should be.