engleski

Ethical issues of compensation management in Croatian enterprises

This paper deals with several ethical considerations in the area of compensation management in Croatian enterprises. It is based on a survey performed in Croatia in the first three months of 2005. The survey sample includes 350 Croatian enterprises whose top managers were distributed questionnaires. Questionnaire return rate was 18% and included different branches of the economy. Extensive research has showed the following: variable compensation in Croatian enterprises is in most cases based on objective performance indicators. Gender pay gap in Croatia is not as widespread as it is in developed western economies. In Croatia it amounts to 10, 5% compared to the EU25 where it is estimated to be 15%. Comparisons of the amounts of executive pay to the average employee pay can not be categorized as unethical, as the ratio is from 1:7 to 1:10 which is acceptable to the theoretical standards.

ethics; compensation management; gender pay gap; executive compensation; Croatian enterpise

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