TY - JOUR
T1 - The effects of work-life benefits on employment outcomes in Canada
T2 - A multivariate analysis
AU - Fang, Tony
AU - Lee, Byron
AU - Timming, Andrew
AU - Fan, Di
PY - 2019
Y1 - 2019
N2 - Using the longitudinal Workplace and Employee Survey of Canada, we examine the association between the provision of work-life benefits and various employment outcomes in the Canadian labour market. Whilst the theory of compensating wage differentials hypothesizes an inevitable trade-off between higher wages and non-wage benefits, the efficiency wage theory suggests otherwise. The empirical evidence broadly supports the efficiency wage theory, thus rejecting the compensating wage differentials theory. If bundled appropriately, it appears that work-life benefits are positively associated with increased wages, in addition to a greater number of promotions, enhanced employee morale in the form of job satisfaction, and improved employee retention. The study concludes that organizations and employees can both profit when work-life benefits are offered.
AB - Using the longitudinal Workplace and Employee Survey of Canada, we examine the association between the provision of work-life benefits and various employment outcomes in the Canadian labour market. Whilst the theory of compensating wage differentials hypothesizes an inevitable trade-off between higher wages and non-wage benefits, the efficiency wage theory suggests otherwise. The empirical evidence broadly supports the efficiency wage theory, thus rejecting the compensating wage differentials theory. If bundled appropriately, it appears that work-life benefits are positively associated with increased wages, in addition to a greater number of promotions, enhanced employee morale in the form of job satisfaction, and improved employee retention. The study concludes that organizations and employees can both profit when work-life benefits are offered.
UR - https://ideas.repec.org/p/iza/izadps/dp12322.html
M3 - Article
VL - 74
SP - 323
EP - 352
JO - Relations industrielles - Industrial Relations
JF - Relations industrielles - Industrial Relations
SN - 0034-379X
IS - 2
ER -