METHODOLOGICAL ASPECTS OF IMPROVING CORPORATE REMUNERATION SYSTEMS

Abstract

Today the quality of human potential and its efficient use are becoming extremely important for successful development of organizations. The necessary condition for this is the development and upgrading of flexible and efficient models of personnel remuneration, which on the basis of balance of social partners’ interests can provide worthy and just reward for employees according to their competences, level of qualification and contribution to attaining goals of organizational development and final results of the company work. However, the effective today systems of labour remuneration cannot always meet these requirements, which cause employees’ dissatisfaction. The article studies theoretical issues of development and transformation of the system of labour remuneration for a certain research object, i.e. corporate organizations. According to the authors, the improvement of corporate system of labour remuneration should be understood as a continuous process of upgrading parameters and characteristics of this system, which reconciles with the strategy of development and goals of operative activity of the company and ensures their achievement. Scientific novelty of the article is connected with authors’ substantiation of process, stakeholders’, risk-oriented and competence approaches to improving the system of labour remuneration as a process of continuous improvement of parameters in the reward model of organization personnel.

Keywords

• corporate system of labour remuneration
• process approach
• system approach
• stake-holders’ approach
• risk-oriented approach
• competence approach