Relations Between Planning Systems and Employee Reward Schemes in Polish Enterprises

Joanna Dyczkowska Tomasz Dyczkowski
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Joanna Dyczkowska Tomasz Dyczkowski: Department of Cost & Management Accounting and Control, Wrocław University of Economics, Poland Department of Cost & Management Accounting and Control, Wrocław University of Economics, Poland

Zagreb International Review of Economics and Business, 2014, vol. 17, issue Special Conference Issue, 81-95

Abstract: A purpose of this paper is to detect relations between planning systems and rewarding schemes in micro-, small-, medium- and large-sized companies. The conducted analysis is based on selected data from a research project focusing on planning, control and communication practices developed by enterprises operating in Poland. The paper reflects information and opinions included in 397 research forms. The empirical results provided evidence on positive and statistically relevant relationship between character of a goal-setting process and reward strategies. It seems that participative as well as formalized planning, where employees take part in setting objectives or obtain plans with defined goals induces performance-based reward strategies, which are reflected in merit pays or bonuses contingent on individual or corporate performance. Likewise also managerial feedback affects in a positive manner reward strategy. The study suggests that there is statistically relevant difference in reward strategies considering sector affiliation. JEL Classification: L21, M12, M52

Keywords: goal-setting process; managerial feedback; performance-based pay; reward strategies (search for similar items in EconPapers)
Date: 2014
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