Journal of the Korea Society of Computer and Information (한국컴퓨터정보학회논문지)

Korean Society of Computer Information (한국컴퓨터정보학회)
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The study on payment system improvement in Korean firms : The impacts of stock options on pay equity, job attitude and intention to turnover

한국 기업의 보상제도 개선을 통한 경쟁력 제고 방안 : 스톡옵션의 부여에 관한 인식과 보상공정성, 직무태도 및 이직의도와의 관계에 관한 연구

  • Received : 2010.10.08
  • Accepted : 2010.11.12
  • Published : 2011.02.28
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Abstract

This study examines the relationship among stock options, pay equity, organizational commitment. Employees who received stock options tend to perceive their pay more equitable and the tendency shows a positive relationship among the amount of stock options and the equity perception. Also employees who received stock options perceive greater procedural equity, as they recognize stock options are awarded to many employees. However, the perception of stock options was not significantly associated with organizational commitment, turnover intention, and pay satisfaction. In 2003, the study surveyed 115 employees who received stock options in 10 publicly owned Korean firms that introduced stock option plans. The statistical analysis leads to the conclusions as follows. First, as the number of stock options increases, the receiver tends to perceive that pay system is more distributively equitable. Second, as the number of stock option receivers increases, the employees perceive the pay system more procedurally equitable. Third, stock option payments don't ensure that it improves pay satisfaction, turnover intention, and organizational commitment. This study shows a positive relationship that stock options work favorably in terms of pay equity, but the effect doesn't seem to be widely positive. The reason is that the introduction of stock options in domestic firms has been made only recently after the foreign exchange crisis in the late 1990s. More experiments and design issues should be discussed for the future.

본 연구는 스톡옵션 부여에 관한 조직구성원의 인식이 보상 공정성, 보상만족, 그리고 조직몰입 및 이직의도와 어떠한 관계를 보이는 지를 조사하였다. 스톡옵션 부여에 관한 조직구성원의 인식은 주로 스톡옵션의 부여주식수와 부여인원수에 대해 느끼는 개인적 지각에 기초하였다. 그리고 구성원이 인식한 스톡옵션의 부여주식수와 부여인원 수에 따라 해당 구성원의 공정성 지각과 직무태도, 이직의도에 차이가 있을 것이라고 예측하였다. 이 점에서 본 연구는 스톡옵션의 부여인식에 따라 구성원의 태도에 어떤 효과를 동반하는 지를 살펴보는 탐색적 연구이다. 실증분석을 위하여 국내 상장기업, 협회등록법인, 국내 외국기업의 종업원을 편의추출 표본방식으로 조사하였다. 조사는 총 10개 기업에 150부의 설문지를 배포하여 115부를 회수하였고, 이중 중심화 경향이 두드러진 설문지를 제거한 후 113부의 응답자료를 최종분석에 활용하였다. 연구의 실증분석 결과에 의하면 첫째, 스톡옵션 수혜자가 자신의 스톡옵션 부여주식 수가 많다고 인식하는 경우 지각된 분배공정성은 함께 증가하는 관계성을 보이고 있었다. 특히, 조직내 스톡옵션 부여인원수가 적은 상태에서 부여주식 수가 증가하면 스톡옵션의 수혜자는 분배공정성을 가장 높게 지각하였다. 둘째, 조직 내 스톡옵션의 부여인원 수가 증가한다는 지각은 보상에 대한 절차공정성을 높이는 방향으로 작용하였다. 특히, 스톡옵션의 부여인원수는 많지만 부여주식수는 적은 경우에는 절차공정성이 가장 높게 나타나고 있었다. 셋째, 스톡옵션의 부여에 대한 지각에 따라 조직몰입이나 보상만족, 그리고 이직의도에는 유의미한 차이가 발견되지 않았다. 연구의 결과를 해석해 볼 때 스톡옵션제는 구성원의 공정성에 유의미한 차이를 발생하고 있었으나 아직 이러한 지각의 차이가 조직몰입이나 이직의도, 보상만족으로 연결되는 효과를 나타내고 있지는 않았다. 이는 스톡옵션제의 도입이 국내기업에 비교적 최근에 이루어져서 아직 제도적인 정착이 불완전한 점과 외환위기 이후 주식시장의 상황이 기업외적 요인에 따라 영향을 받았던 점에서 그 이유를 추론할 수 있을 것이다.

Keywords

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