Session
Management, Business and Economics
Description
This paper is about motivation and compensation philosophy, since 15th century businesses are using the same performance measuring system and reward schemes. Performance is equal with sum of staff motivation and their ability to perform. Some companies are using bonus payments and penalties, depending on success or on failure regarding performance of their staff. Regarding motivation literature is proving different theories, but the issue is that employees nowadays are more informed and have greater expectation from companies regarding compensation.
Keywords:
Motivation, Compensation, Stock Options
Session Chair
Nehat Ramadini
Session Co-Chair
Armend Muja
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-437-34-9
First Page
136
Last Page
139
Location
Durres, Albania
Start Date
8-11-2014 12:45 PM
End Date
8-11-2014 1:00 PM
DOI
10.33107/ubt-ic.2014.49
Recommended Citation
Skenderi, Besnik and Skenderi, Diamanta, "Compensation Strategy for the New Economy Age" (2014). UBT International Conference. 49.
https://knowledgecenter.ubt-uni.net/conference/2014/all-events/49
Included in
Compensation Strategy for the New Economy Age
Durres, Albania
This paper is about motivation and compensation philosophy, since 15th century businesses are using the same performance measuring system and reward schemes. Performance is equal with sum of staff motivation and their ability to perform. Some companies are using bonus payments and penalties, depending on success or on failure regarding performance of their staff. Regarding motivation literature is proving different theories, but the issue is that employees nowadays are more informed and have greater expectation from companies regarding compensation.