Publication detail

The Ways of Compensation of Work for Senior Managers

JANČÍKOVÁ, K. SOUČKOVÁ, M.

Original Title

The Ways of Compensation of Work for Senior Managers

Type

conference paper

Language

English

Original Abstract

The article is based on the results of the previous questionnaire survey, which deals with the remuneration of senior managers in selected businesses. One of the concepts of value approach is the indicator of economic added value (EVA). This approach focuses primarily on the wealth of its owners, but management cannot be subject to just one goal and other stakeholders have to be taken into asccount. The essence is the maximization of value for the owners, which consequently colesy relates the growth of the benefit to other stakeholders (even managers). Manager's evaluation is a very specific part of the overall remuneration system, as their performance cannot always be optimally linked to measurable indicators. The consequences of their decisions can often be seen only after a few years, and therefore the determination of optimal scales is more than important. If managers were to be ranked solely on the basis of the company's business reslts, how can it be that the external factors that affect not only the business itself but also the entire segment or industry can reflected in the amount or the reward? Effective rewarding managers is therefore a specific issue for the entire economy. This article present possible ways of evaluating managers and linking the amount of their remuneration to measurable indicators in an enterprise.

Keywords

compensation, manager, wage, EVA (economic value added), remuneration

Authors

JANČÍKOVÁ, K.; SOUČKOVÁ, M.

Released

29. 9. 2018

Location

Dubrovník, Chorvatsko

ISBN

1848-2252

Periodical

Global Business Conference 2014 Proceedings

State

Republic of Croatia

Pages from

113

Pages to

122

Pages count

269

BibTex

@inproceedings{BUT150485,
  author="Kateřina {Procházková} and Markéta {Součková}",
  title="The Ways of Compensation of Work for Senior Managers",
  booktitle="Global Business Conference 2018 Proceedings - Developing New Value-Creating Paradigms",
  year="2018",
  journal="Global Business Conference 2014 Proceedings",
  pages="113--122",
  address="Dubrovník, Chorvatsko",
  issn="1848-2252"
}