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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" }