The dimensionality of the Pay Satisfaction Questionnaire (PSQ) was examined using a principal components analysis with an oblique rotation and the parallel analysis criterion was used to determine the number of components to retain. It was found that the items which were supposed to load on the Raise scale instead loaded on the level and structure/administration components and that in fact a raise component did not exist. It was recommended that in the future researchers use more accurate methods to determine the number of components to retain and that they do not assume that the dimensions of compensation satisfaction are orthogonal.