Self-Efficacy and Its Impact on Pay Satisfaction, and Benefits Satisfaction

Abstract

This study examined the impact of self-efficacy on overall pay satisfaction and two of its sub-dimensions, pay-level satisfaction and benefits satisfaction. Self-efficacy, a central component of social cognitive theory, is general or task-specific self-confidence. The relationship between self-efficacy and performance received much attention from researchers. Results from 192 employees at a Korean bank support proposed hypotheses that self-efficacy is negatively related to pay satisfaction and its subscales. Implications, future research directions, and limitations are discussed.