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Development and validation of perceived value of work and its determinants

Abstract

This study was initiated based on a presumption that the value one perceives in and through one`s work (which will be referred to perceived value of work; PVW) is very important in one`s work life. Based on broad reviews of related literature and empirical incidents collected from a corporate-wide workout program called Task Value Creation. PVW was conceptualized as mental state experienced at work, which includes a cognitive evaluation that one`s job is valued and one is necessary for the job and subsequent positive emotional responses. The critical incidents to determine PVW were statistically categorized using exploratory and confirmatory factor analyses. Five factors (PVW determinants) were found; 1) job significance as a dimension of job attribute, 2) process efficiency as a dimension of work process, 3) product usefulness as a dimension of work result, 4) vision realizability as a dimension of individual vision, 5) social recognition as a dimension of social evaluation. In addition, the hierarchical regression were implemented controlling for the effect of demographic variables to investigate the impact of PVW determinants on PVW. PVW determinants were found to have significant influences on PVW. This study has theoretical contributions that PVW should be considered as a significant criterion of individual and organizational effectiveness in organizational psychology studies. And, it also has practical implications that PVW determinants must be fostered to increase one`s PVW at work. Further implications and research limitations were discussed.

keywords
일가치감, 일가치, 업무가치, Perceived Value of Work, PVW, Work Values, Task Value Creation, TVC

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