Final answer:
The statement is false. Work content, and not just salary, is a strong predictor of job satisfaction. Total rewards, including various employment benefits and job quality factors, are essential in evaluating employment opportunities.
Step-by-step explanation:
The statement that salary is more important than total rewards in evaluating the value of an employment opportunity is false. Research shows that while salary is a significant factor, other aspects of employment, such as job content, career advancement opportunities, and professional relationships, play vital roles in job satisfaction. The work-content factor, which includes variety, difficulty level, and role clarity, is the most strongly predictive of overall job satisfaction. Furthermore, employees may adapt to higher pay levels, meaning that salary increases do not indefinitely lead to higher satisfaction.
Efficiency wage theory proposes that higher wages can lead to increased productivity, as well-motivated employees are less likely to leave their jobs, and employers can save on costs like training and hiring. Thus, while salary is important, the overall total rewards package which can include benefits, personal growth opportunities, recognition, and job security amongst others, is crucial to consider when evaluating employment opportunities.