Why Is Salary Important?

Salary is important in the most basic sense -- the vast majority of people wouldn't do their jobs if they weren't paid for it. Fair salary for the particular work required is also important. Two standard human psychology theories from Abraham Maslow and Frank Herzberg explain why salary is critical in keeping employees satisfied at work.

Salary and Motivation

Links between salary and motivation are often debated. Most experts agree that a reasonable salary for a given job is needed to attract and retain employees