The purpose of the study was to investigate whether there was a difference in employees' work motivation, job satisfaction and pay satisfaction depending on the employees' salary system; collective wage setting or individual wage setting. The study also examined whether demographic factors such as age, gender, length of employment, level of education and previous experience of individual wage setting were related to these job attitudes. A web survey was sent out with statements based on previous research and these statements created an index for each job attitude. The result showed a significant difference between the two pay systems regarding employees pay satisfaction. The demographic factors examined in the study showed that education level and gender influenced the participants' work motivation. Previous experience of individual wage setting positively affected the participants' perceived salary satisfaction with the individual salary system. The conclusion of this study was that employees with or without previous experience of individual wage setting perceived that they should receive a higher salary satisfaction if the salary was based on individual performance and behavior than when the salary was collectively determined based on job description and work experience.