Final answer:
Compensation in the workforce is influenced by various factors, including employee perception. Pay is often based on individual performance and is not always fixed and non-negotiable.
Step-by-step explanation:
Compensation in the workforce is influenced by various factors, and people often feel that they should be paid what they deserve in relation to others. Employee perception has a significant impact on pay, as individuals may compare their compensation to that of their colleagues. This perception can influence their satisfaction with their pay and job in general. Furthermore, pay is not always fixed and non-negotiable, as it can be based on individual performance, such as the level of effort and costs incurred in one's work activity.