Remuneration System as a Leading Motivational Mechanism for Russian Regional Dairy Cluster Development

Vera P. Samarina, Tatiana P. Skufina and Aleksandr V. Samarin
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Vera P. Samarina: Branch of National Research Technological University “MISIS”
Tatiana P. Skufina: Institute of Economic Problems of the Kola Science Centre of the Russian Academy of Sciences
Aleksandr V. Samarin: Belgorod State National Research University, Staryy Oskol Branch

A chapter in Leadership for the Future Sustainable Development of Business and Education, 2018, pp 237-247 from Springer

Abstract: Abstract At present new financial mechanisms of interaction of wage labourers and employers are formed and improved in Russia in market relations situation. A determinative of productivity of labourers’ activity is their financial motivation and stimulation. A determinative of productivity of enterprises activity is remuneration efficiency as a base of labourers’ financial motivation and stimulation. Remuneration system as a leading motivational mechanism has been considered in the article. The remuneration is a flexible element of distributive relations, and it is impossible to create an effective motivational mechanism without the establishment of its communication with end results. A number of new indexes of an estimation of remuneration efficiency have been submitted for consideration in the article. These indexes of efficiency of wages fund use are based on such base indexes as wage ratio and yield of wage. The approbation of the proposed indexes has been carried out on the example of Russian regional dairy cluster.

Keywords: Wage Fund (WF); Wage Ratio; Belgorod Region; Uncontrolled Zone; Monopsony Situation (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-74216-8_24

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DOI: 10.1007/978-3-319-74216-8_24

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