Naslov
Exploring the gap in compensation strategy and practice between Croatia and EU countries
(Analiza jaza u strategiji i praksi nagrađivanja između Hrvatske i Europske unije)

Autori
Galetić, Lovorka ; Načinović Braje, Ivana ; Klindžić, Maja

Izvornik
The Macrotheme review (2379-9765) 4 (2015), 4; 26-41

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
compensation strategy; variable pay; profit sharing; ESOP; Croatia

Sažetak
Globalization has challenged companies to increase their competitiveness in different aspects of their business but has also led to convergence in different fields. Compensation has been advocated as a tool for e nhancing organizational performance and sustained competitiveness. Compensation strategy determines reward systems but also the direction in which reward management innovations and developments should go to support the business strategy. This paper analyze d possible gap in compensation strategy and practice between Croatia and EU countries. Findings suggest that Croatian companies offer variable compensation at an average rate similar to the EU 28 average. When specific features of variable compensation are explored we show that Croatian companies offer variable compensation that is below EU average with respect to group based incentive payments, performance based pay (performance appraisals), profit sharing and employee share ownership plans.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA