Problems of salaries management in oil and gas companies

Basing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals...

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Main Author: Olga Gennad'evna Kolosova
Format: Article
Language:English
Published: Russian Academy of Sciences, Institute of Economics of the Ural Branch 2011-09-01
Series:Экономика региона
Subjects:
Online Access:http://www.economyofregion.com/archive/2011/37/1291/pdf/
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author Olga Gennad'evna Kolosova
author_facet Olga Gennad'evna Kolosova
author_sort Olga Gennad'evna Kolosova
collection DOAJ
description Basing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals the possibilities of further improvement of the remuneration organization. Innovative development of remuneration systems involves a complex process of selecting management tools to achieve performance targets and implementing business strategies. A study of the most upfront human resources and staff practices in the Russian oil and gas sector has allowed the author to formulate approaches to building effective systems of remuneration. The suggestions described in this paper coordinate the interests of employers and employees. At the same time, they increase efficiency and job satisfaction through raising personal responsibility, which will gain the effectiveness of incentives for oil and gas companies.
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spelling doaj.art-1008c81c470f41738fe50374c4e1be812023-09-03T03:28:41ZengRussian Academy of Sciences, Institute of Economics of the Ural BranchЭкономика региона2072-64142411-14062011-09-012011316717510.17059/2011-3-18Problems of salaries management in oil and gas companiesOlga Gennad'evna Kolosova0urgut State University of the Khanty-Mansiysk Autonomous District - YugraBasing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals the possibilities of further improvement of the remuneration organization. Innovative development of remuneration systems involves a complex process of selecting management tools to achieve performance targets and implementing business strategies. A study of the most upfront human resources and staff practices in the Russian oil and gas sector has allowed the author to formulate approaches to building effective systems of remuneration. The suggestions described in this paper coordinate the interests of employers and employees. At the same time, they increase efficiency and job satisfaction through raising personal responsibility, which will gain the effectiveness of incentives for oil and gas companies.http://www.economyofregion.com/archive/2011/37/1291/pdf/organization of the management processaggregate productivitysocial partnershipoil and gas complexindustry agreementwageslabour marketvertically integrated companies
spellingShingle Olga Gennad'evna Kolosova
Problems of salaries management in oil and gas companies
Экономика региона
organization of the management process
aggregate productivity
social partnership
oil and gas complex
industry agreement
wages
labour market
vertically integrated companies
title Problems of salaries management in oil and gas companies
title_full Problems of salaries management in oil and gas companies
title_fullStr Problems of salaries management in oil and gas companies
title_full_unstemmed Problems of salaries management in oil and gas companies
title_short Problems of salaries management in oil and gas companies
title_sort problems of salaries management in oil and gas companies
topic organization of the management process
aggregate productivity
social partnership
oil and gas complex
industry agreement
wages
labour market
vertically integrated companies
url http://www.economyofregion.com/archive/2011/37/1291/pdf/
work_keys_str_mv AT olgagennadevnakolosova problemsofsalariesmanagementinoilandgascompanies