Final answer:
The culture and value system of a society reflect its pay system through organizational culture, career choices influenced by cultural background, and the meritocracy and stratification systems. Teachers, for example, may receive lower pay due to cultural expectations about the nobility of their profession, contrasting with the profit-driven culture in business.
Step-by-step explanation:
The culture and value system of a society can significantly reflect and influence a pay system. Organizational culture, encompassing values, beliefs, attitudes, and systems, determines what is expected of employees and consequently impacts compensation structures within the workplace. Ideal cultural values suggest how individuals should behave - the standards society aims to adhere to in professional conduct and remuneration. However, real culture - the behavior that actually occurs - often differs from these ideals.
Cultural diversity and career choices are other areas where culture and values come into play. The career paths individuals choose and the jobs they are expected or encouraged to take up are heavily influenced by their cultural background. This is particularly visible in how different professions are rewarded monetarily. For instance, teachers are often expected to prioritize the nobility of their profession over financial gain, in contrast, the business sector operates on a profit-driven culture that does not apply the same expectations to executives or entrepreneurs.
Meritocracy and stratification systems like class and caste also reflect underlying cultural values that perpetuate social inequalities, influencing pay and status within occupational structures. Hence, understanding societal values and organizational culture is crucial to grasping why certain professions receive differing levels of compensation.