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

Included in

Business Commons

Share

COinS
 
Nov 8th, 12:45 PM Nov 8th, 1:00 PM

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.