Using the Innovative Forms of Salary Design

Innovative forms and methods of salary design have been researched and developed in order to improve the practice of material motivation of staff and to build an efficient system of achieving the enterprise’s goals. It has been determined that in modern conditions of management the most widespread i...

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Main Author: Petrenko Nataliіa O.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-03-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2018-3_0-pages-429_434.pdf
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author Petrenko Nataliіa O.
author_facet Petrenko Nataliіa O.
author_sort Petrenko Nataliіa O.
collection DOAJ
description Innovative forms and methods of salary design have been researched and developed in order to improve the practice of material motivation of staff and to build an efficient system of achieving the enterprise’s goals. It has been determined that in modern conditions of management the most widespread in the financial-economic terms is flexible remuneration of work, allowing to timely and adequately react to change of productivity of work of employee by individualization of his earnings. On the basis of generalization of scientific theoretical provisions and methodological recommendations, the algorithm of building of a fair system of remuneration of employees of enterprise is proposed. In order to improve the practice of material motivation of staff and to build an efficient system to achieve the goals of enterprise, practical recommendations on application of the system of remuneration based on grades, key efficiency indicators, model of competencies and Kaizen have been developed. It has been summarized that the principles that underlie the grades technology, key efficiency indicators, model of competencies, and Kaizen, open up prospective ways of enterprise development. Application of innovative forms of salary design will provide to create a modern efficient system of motivation of staff, management of competencies and career, and will become the basis for creation of an efficient system of management of human resources of enterprise.
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spelling doaj.art-f802355bcb31434c9e680885fee379a72022-12-21T19:39:56ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2018-03-013482429434Using the Innovative Forms of Salary DesignPetrenko Nataliіa O.0Candidate of Sciences (Economics), Associate Professor, Department of Management, Uman National University of HorticultureInnovative forms and methods of salary design have been researched and developed in order to improve the practice of material motivation of staff and to build an efficient system of achieving the enterprise’s goals. It has been determined that in modern conditions of management the most widespread in the financial-economic terms is flexible remuneration of work, allowing to timely and adequately react to change of productivity of work of employee by individualization of his earnings. On the basis of generalization of scientific theoretical provisions and methodological recommendations, the algorithm of building of a fair system of remuneration of employees of enterprise is proposed. In order to improve the practice of material motivation of staff and to build an efficient system to achieve the goals of enterprise, practical recommendations on application of the system of remuneration based on grades, key efficiency indicators, model of competencies and Kaizen have been developed. It has been summarized that the principles that underlie the grades technology, key efficiency indicators, model of competencies, and Kaizen, open up prospective ways of enterprise development. Application of innovative forms of salary design will provide to create a modern efficient system of motivation of staff, management of competencies and career, and will become the basis for creation of an efficient system of management of human resources of enterprise.http://www.business-inform.net/export_pdf/business-inform-2018-3_0-pages-429_434.pdfsalaryproductivity of laboremployeegradekey efficiency indicatorsmodel of competenciesKaizen
spellingShingle Petrenko Nataliіa O.
Using the Innovative Forms of Salary Design
Bìznes Inform
salary
productivity of labor
employee
grade
key efficiency indicators
model of competencies
Kaizen
title Using the Innovative Forms of Salary Design
title_full Using the Innovative Forms of Salary Design
title_fullStr Using the Innovative Forms of Salary Design
title_full_unstemmed Using the Innovative Forms of Salary Design
title_short Using the Innovative Forms of Salary Design
title_sort using the innovative forms of salary design
topic salary
productivity of labor
employee
grade
key efficiency indicators
model of competencies
Kaizen
url http://www.business-inform.net/export_pdf/business-inform-2018-3_0-pages-429_434.pdf
work_keys_str_mv AT petrenkonataliíao usingtheinnovativeformsofsalarydesign