Structure of Remuneration as Assessed by Employees of the Energy Sector—Multivariate Correspondence Analysis

Agnieszka Barczak, Izabela Dembińska, Tomasz Rostkowski, Katarzyna Szopik-Depczyńska and Dorota Rozmus
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Agnieszka Barczak: Faculty of Economics, West Pomeranian University of Technology in Szczecin, Ul. Janickiego 31, 71-270 Szczecin, Poland
Izabela Dembińska: Faculty of Economics and Engineering of Transport, Maritime University of Szczecin, Ul. Pobożnego 11, 70-507 Szczecin, Poland
Tomasz Rostkowski: Warsaw School of Economics, Collegium of Business Administration, Human Capital Institute, Al. Niepodległości 162, 02-554 Warszawa, Poland
Katarzyna Szopik-Depczyńska: Institute of Management, University of Szczecin, Cukrowa 8, 71-004 Szczecin, Poland
Dorota Rozmus: Department of Economic and Financial Analysis, College of Finances, University of Economics in Katowice, Bogucicka 3a, 40-228 Katowice, Poland

Energies, 2021, vol. 14, issue 22, 1-16

Abstract: Remuneration policy is an element of company management. Remuneration systems should be flexible and evolutionary. They must consider not only the changes in the external environment but, most of all, the changing needs of the internal environment. In practice, this means aligning the company’s strategy and goals with the remuneration system. What is more, the remuneration policy must be consistent with all personnel substrategies, which should systematically create integrated human capital management. The aim of our research was to determine how employees perceive the appropriate structure of remuneration and how the relationships between the elements that make up the structure of remuneration are perceived. Energy sector employees were selected for the study, dividing the group of respondents by gender, age and level of education. The obtained data were submitted to multivariate correspondence analysis. The analysis of the perception map for the variables of gender, age and education, as well as the subjective assessment of the components of remuneration, allows the general assertion that both men and women believe that the amount of the fixed part of remuneration should be influenced by such elements as: work efficiency, education, seniority in the current place of employment, position in the hierarchy of the position held, as well as the level of salaries in the labor market. But people aged 60 and over with a vocational education tend to believe that the amount of the fixed part of remuneration should be influenced by collective agreements. Moreover, people aged 25–34 with higher education believe that the granting of additional benefits should not be affected by collective labor agreements.

Keywords: remuneration system; human capital; energy sector; multivariate correspondence analysis (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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