05) Can Money Buy Happiness at Work?
Imagine you receive a salary increase. For a moment, it feels exciting rewarding, even validating. It may even boost your motivation for a short while. But a few weeks later, nothing really feels different. The same stress, the same pressure, and the same exhaustion quietly return. This raises a question that has become increasingly important in modern workplaces: Can money actually buy happiness at work? Why Money Still Matters Let’s be clear money does matter. A fair salary provides security, stability, and a sense of recognition. It allows employees to meet their needs, reduce financial stress, and feel valued for their contributions (Judge et al., 2010). In HRM, compensation has traditionally been seen as a primary motivator. Higher pay is often linked to better retention, improved performance, and increased satisfaction. It can also create a sense of fairness and equity within organizations, which is essential for maintaining trust (Herzberg, 1968). And to a certain exten...