Pregled bibliografske jedinice broj: 934192
Insight Into Alignment Between Compensation Strategy and Business Strategy in Selected Croatian Companies
Insight Into Alignment Between Compensation Strategy and Business Strategy in Selected Croatian Companies // 6th Eurasian Multidisciplinary Forum, EMF 2017, 27-28 April, Vienna, Austria, Proceedings
Kočani: European Scientific Institute, 2017. str. 24-37 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Insight Into Alignment Between Compensation Strategy and Business Strategy in Selected Croatian Companies
Autori
Bakotić, Danica ; Načinović Braje, Ivana
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
6th Eurasian Multidisciplinary Forum, EMF 2017, 27-28 April, Vienna, Austria, Proceedings
/ - Kočani : European Scientific Institute, 2017, 24-37
ISBN
978-608-4642-58-9
Skup
6th Eurasian Multidisciplinary Forum, EMF 2017,
Mjesto i datum
Beč, Austrija, 27.04.2017
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Compensation strategy, business strategy, company
Sažetak
This paper deals with the relationship between compensation strategy and business strategy in Croatian companies. It is the first output of a large investigation into compensation management practice and possibilities for its improvement in Croatia. The findings of this paper result from the Delphi method conducted on experts from 13 selected companies. The research results suggested that there is no alignment between compensation strategy and business strategy in Croatian companies. The reasons for this are: lack of clearly defined functional strategy and lack of management engagement in aligning these strategies ; unclear company objectives and strategies, as well as frequent changes in business strategy ; collective labour agreements and lack of the autonomy of the HR departments. The experts in Croatian companies consider that compensation strategy can impact on firm’s competitiveness through improved employee loyalty and satisfaction ; motivation and performance ; attracting high quality employees and improved employee image. Research results also identified the obstacles for implementing contemporary compensation management mechanisms in Croatian companies. The general conclusion of this paper is that in Croatian companies there is a much room for improvement in the domain of alignment between compensation strategy and business strategy and for the introduction of contemporary compensation management practices.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
