Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 4 (32)

Published: 2018.05.23

DOI: XX.XXXXX/XXXXXXXXXXXXX

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

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ANALYSIS OF EMPLOYEES COMPENSATIONS IN INCREASE OF MOTIVATION AND PERSONNEL STIMULATION OF THE ENTERPRISE

DOI: XX.XXXXX/XXXXXXXXXXXXX

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LEVYTSKA Inna – Вoctor of Economic Sciences, Professor, Head of the Department of Management of Foreign Economic Activity, Hotel and Restaurant Business and Tourism, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: inna_levytska@ukr.net). KLYMCHUK Aliona – Candidate of Economic Sciences, Associate Professor of the Department of Economics, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Solnyachna Str., e-mail: alena_klumchyk@ukr.net).

Annotation

The article is devoted to the analysis of salary as the basis for stimulation and improving personnel motivation at the enterprise. Despite the significant achievements in solving the issues of providing the effectiveness of personnel motivation and stimulation system, additional study of salary analysis at domestic enterprises in regions and in Ukraine as a whole is needed. The purpose of this study is the salary analysis as the main component of increasing the personnel motivation and stimulation at the enterprise.

The comparative analysis of the indicators allowing to assess the availability of workers by the workplaces and the level of salary at industrial enterprises in Khmelnytskyi and Vinnytsia regions and in Ukraine as a whole is carried out. The role of salary in improving personnel motivation and stimulation at the enterprise is investigated.

On the basis of the analysis of the size of compensation it is proposed to use bonuses and allowances as a stimulation method for personnel, which will lead to creation of an effective motivational environment at the enterprise. Due to the implementation of measures aimed at forming an effective mechanism of personnel motivation and stimulation at the enterprise, it is possible to improve the economic and financial results of economic activity.

Therefore the main condition for the successful development of any enterprise is to increase the employees motivation and to introduce effective methods of their stimulation, that is to provide conditions that would guarantee the workers necessary standard of living through their work, what leads to the implementation of reproductive, regulatory and stimulating functions of salary.

Consequently, due to proper personnel stimulation, the enterprise actually increases its productivity in the future in the case that the incurred expenses for the payment of premiums, bonuses, allowances, compensatory payments, etc. are less than the profits gained as a result of motivated employees productivity increase.

Keywords: salary, motivation, stimulation, personnel, employee, enterprise.

List of references

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About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).