Modern System of Employees Remuneration and its Use by Organizations in one of Czech Republic Regions

Authors: Petra Horváthová, Marie Mikušová

Abstract:

The aim of the article is to describe modern contemporary systems of employees' remuneration used in organizations, to give a general overview of these questions based on the questionnaire survey made by the authors, as well as to assess possible effects of economic crisis in this area. It is necessary to be aware of the fact that firm's success in the contemporary business environment depends not only on the technical equipment, financial resources, availability of raw materials and information and effective management, but one of the crucial factors of firm's success is its human potential. The article emphasizes that the well working remuneration system has a very important position in the organization in the broadest sense. The paper also aims to the current situation in the area of employees' remuneration in one of Czech Republic regions, in the Moravian-Silesian Region.

Keywords: Benefits, remuneration system, total pay, variable pay.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1078106

References:

[1] M. Armstrong, H. Murlis, Reward management: a handbook of remuneration strategy and practice. London: Kogan Page, 2007, pp. 12- 49.
[2] R. L. Mathis, J. H. Jackson, Human resource management. Mason: South-Western Cengage Learning, 2008. pp. 127-141.