Business Management Dynamics

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ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  5   Issue 7  2016  
Article Abstract
The Relationship of Organizational Culture and Wage Policies in Turkish Family Firms
Keywords:  Organizational Culture, Wage Policies, Job Evaluation
Organizations cannot exist independently of people, as they are communities that people establish by coming together with a definite aim and objective. The human factor is thus an indispensable element of organizations' existence. How humans feel, think, and act, and whether this is productive or not, affects the sustainability and competitiveness of an organization. Since the human factor has the power to deeply influence an organization, two organizations with the same features, such as technological innovation, management style, sector, size, wage conditions, aims, or objectives, can experience very different sorts of problems. In this empirical study, we investigate the relationship between organizational culture and wage policies in Turkish family-owned firms. Correlation and regression analyses were used to establish the relationship between these factors. Our findings suggest that organizational culture has a strong effect on perceptions of general wage policies.
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