ISSN: 1648 - 4460

International Journal of Scholarly Papers

VU KHF

Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2019
  • © Brno University of Technology, 2002-2019
  • © University of Latvia, 2002-2019
Article
POSITION OF EMPLOYEE BENEFITS IN REMUNERATION STRUCTURE
Ladislav Mura, Barbora Gontkovicova, Emilia Dulova Spisakova, Zuzana Hajduova

ABSTRACT. Employee remuneration supports the achievement of strategic and short-term company objectives by helping to ensure a skilled and motivated workforce that is needed for each enterprise. The effective system of remuneration increases employee loyalty and performance quality and in consequence, enhances company competitiveness. Although each enterprise uses its own system of remuneration, it is always an important element of motivations and makes the company more attractive for potential job applicants. The aim of this paper is to bring about a comprehensive look at the issue of employee remuneration with attention to aspects of financial and non-financial rewards through the analysis and comparison of the used remuneration systems, as well as to identify the actual trends of employee remuneration in selected sectors of the Slovak economy.

KEYWORDS:  employees, motivation, remuneration, earnings, non-financial benefits.

JEL classification:  J33, 015, M51.

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Scholarly papers Transformations in Business & Economics
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Vilnius University
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