Quality of Life (Banja Luka) 9(1-2): 46-50

Evaluation of the Employees’ Current Salary: Multivariate analysis

Svjetlana Vranješ
Faculty of Economics, University of Banja Luka

Abstract.: Using a sample size of 200 R&D employees, this paper examines the relationship between the current salary and starting salary, previous experience, education, employees’ age and gender. The results provided by this study show that current salary is positively associated with employees’ salary at the beginning of the career and years of education. The author finds strong evidence that current salary is negatively associated with employees’ age, previous experience and gender. Furthermore, conducting cluster analysis, results provide two different groups. The first group consists of employees who are more likely to be included in the clerical type of jobs and the second group is specific to the other types of job.

Key words: salary, standard of living, job satisfaction, expertise, multivariate analysis.