Publication detail

Identification of specifics in the system of remuneration of top managers on the basis of an analysis of selected companies in the Czech Republic

JANČÍKOVÁ, K. ŠKAPA, S.

Original Title

Identification of specifics in the system of remuneration of top managers on the basis of an analysis of selected companies in the Czech Republic

Type

conference paper

Language

English

Original Abstract

Research background: Knowledge, skills and abilities have become the principal growth factors in our knowledge economy. A select group of employees (highly-placed managers), in particular, must meet all these expectations, for which reason their remuneration is more complex and complicated. This is also accompanied by new forms of evaluation and remuneration. A relationship between their remuner-ation and measurable indicators may provide significant help in defining a set of recommendations for effective remuneration. The purpose of the paper: This paper examines the contemporary issue of the remuneration of a select group of employees in companies in the Czech Republic. The specified factors that have an influence on the level of remuneration of these employees are given in the empirical section of the paper. Remuneration is a spe-cific component of company management, for which reason the initial premise as to whether the size of a concern influences the level of remuneration of its manag-ers was defined, while the connection between the development of the economy and the level of remuneration was also studied. Methods: Data collection for the empirical research was conducted through a structured questionnaire, which was subsequently evaluated with the use of math-ematical and statistical methods, and sent out to the selected companies. Basic hypotheses were determined, and a chi-square test, which was the most appropri-ate method of verification, used to confirm or invalidate them. Findings & value added: The analysis performed shows that management remu-neration is dependent not merely on the size of the company, but also on the de-velopment of the economy. The paper presents a simplified model identifying the most important factors influencing the remuneration of top management. These results may be used for the creation of a new methodology for remunerating this group of employees, which may contribute to the effective evaluation of top management and contribute to company development.

Keywords

compensation for work; remuneration of CEOs; human capital; management

Authors

JANČÍKOVÁ, K.; ŠKAPA, S.

Released

30. 11. 2019

Publisher

Institute of Economic Research

Location

Toruń, Poland

ISBN

978-83-65605-14-6

Book

Contemporary Issues in Economy

Pages from

77

Pages to

84

Pages count

7

URL

http://economic-research.pl/Books/index.php/eep/catalog/view/55/57/86-1

BibTex

@inproceedings{BUT157942,
  author="Kateřina {Procházková} and Stanislav {Škapa}",
  title="Identification of specifics in the system of remuneration of top managers on the basis of an analysis of selected companies in the Czech Republic",
  booktitle="Contemporary Issues in Economy",
  year="2019",
  pages="77--84",
  publisher="Institute of Economic Research",
  address="Toruń, Poland",
  doi="10.24136/eep.proc.2019.4",
  isbn="978-83-65605-14-6",
  url="http://economic-research.pl/Books/index.php/eep/catalog/view/55/57/86-1"
}