Comparative Analysis of Executive Compensation in the Republic of Serbia and EU Countries
Executive compensations have a strong motivation role in contemporary business organizations. Adequate models of compensation enable attracting and retaining the high-capacity managers. This way, business organization conquers and maintains the competitive position in the context of globalization. I...
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| Veröffentlicht in: | Economic Themes 2019-06, Vol.57 (2), p.181-200 |
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| container_title | Economic Themes |
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| creator | Matović, Ivana Marinović |
| description | Executive compensations have a strong motivation role in contemporary business organizations. Adequate models of compensation enable attracting and retaining the high-capacity managers. This way, business organization conquers and maintains the competitive position in the context of globalization. It is necessary to align the executive compensation with the business organization’s strategy, which requires careful process of planning, done by the highest levels of management and ownership. The main objective of the paper is to explore and compare the structure and the level of executive compensation in the Republic of Serbia and EU countries. The paper focuses on executive compensation components, primarily long-term and short-term incentives, as well as sallary and benefits. A comparative analysis of executive compensation models was performed to explain the differences in the observed countries.The study found large and disproportionate differences in the executive compensation levels, conditioned mostly by the economic development of the observed economies. |
| doi_str_mv | 10.2478/ethemes-2019-0011 |
| format | Article |
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| language | eng |
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| source | De Gruyter Open Access Journals; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Complete |
| subjects | business organization comparative analysis executive compensation M12 M52 Management the Republic of Serbia |
| title | Comparative Analysis of Executive Compensation in the Republic of Serbia and EU Countries |
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