Components of Material Encouragement of Enterprise Employees

Journal Title: Бізнес Інформ - Year 2014, Vol 4, Issue 0

Abstract

The article considers main components of material encouragement of labour activity of employees at modern enterprises: wages, bonuses, additional payments, and indemnities. Having analysed functions that wages perform in present times, the article identifies that one of the main functions is the encouragement one since it envisages dependence of the size of wages on individual and collective labour results. This is also confirmed by the acting, in our country, form and system of labour remuneration, conditions of which clearly set dependence between the labour costs of employees and remuneration for the performed work. Bonus systems are used at enterprises along with wages in order to encourage and stimulate employees. The article shows that bonus systems are rather divaricated by their nature and indicators and could be used at enterprises of different branches and spheres of production. Additional payments and indemnities are also important material encouragements for employees. All payments to employees, analysed in the article, are effective instruments of material encouragement, however, they should be fairly set in accordance with labour contributions of employees.

Authors and Affiliations

Nina Ovsiuk

Keywords

Related Articles

System of Tools for Assessment of Financial and Non-financial Resources of an Insurance Company

The article studies problems of financial analysis of an insurance company under conditions of the constantly changing external and internal environment. A system of indicators designed for assessment of efficiency of ma...

Quality of Services and Bank Servicing in the System of Managing Competitiveness of Banks

The article is devoted to study of problems of development of bank services and perfection of bank servicing on the basis of application of information technologies, which should become a strategically important factor o...

Formalization of Theoretical Approaches to the Definition of Financial Stability of the Banking System

Based on theoretical analysis, the main risk factors of the influence on the final effective functionality of the bank within the parameters of its financial stability were defined and also practical aspects of regulatin...

Cost Forming in Trotting Horse Breeding

The features of forming of prime price of growing of pedigree sapling of horse of the trotting setting are exposed in the article. General annual charges on one head, their structure were presented. The prime price of ma...

Methods of Economic-Mathematical Modeling in the Costs Planning of Industrial Enterprise

In the current economic crisis conditions, in which operate the most of industrial enterprises of Ukraine, the search for directions of optimization of their activities is one of the priorities of their further and strat...

Download PDF file
  • EP ID EP142057
  • DOI -
  • Views 96
  • Downloads 0

How To Cite

Nina Ovsiuk (2014). Components of Material Encouragement of Enterprise Employees. Бізнес Інформ, 4(0), 266-270. https://europub.co.uk./articles/-A-142057