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Improving the structure of the labor compensation of top managers in trade networks


Mariya Ivanova, Viktoriya Svechnikova, Igory Bulava
(about the authors)

Ivanova Mariya Olegovna – Cand. of Econ. Sci., assistant professor of history and personnel management, St. Petersburg State University of Civil Aviation

Svechnikova Viktoriya Vladimirovna – Senior lecturer of economics and production management Department, Orsk Humanities and Technology Institute

Bulava Igory Vyacheslavovich – Cand. of Econ. Sci., assistant professor, Department of Financial Management, Financial Academy under the Government of Russian Federation

Published in:
Creative Economy
– № 7 / July, 2009



Keywords: labor compensation, option plan, topmanagers, trading networks


Citation:
Mariya Ivanova, Viktoriya Svechnikova, Igory Bulava (2009). Improving the structure of the labor compensation of top managers in trade networks. Creative Economy, 3(7), 100-105. — url: http://bgscience.ru/com/lib/227


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Abstract:

The wage system for managers of trade networks should contain four key elements: a fixed fee, a reward for the achievement of corporate goals, reward for achievement of individual goals; option plan (see the figure). «The structure of the compensation package of top management continues to move toward reducing salary and increasing premiums and bonuses, it is necessary to establish a clear link between the objectives of the company, the results of work and payments for top managers», – the author affirms. The implementation of optional programs positively affects the motivation of the employee-ownership and the development of intra-corporate relations. The study is designed for managers of trade networks and businesses, as well as for readers who are interested in motivation of management personnel in the trade and its further development.








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