COMPENSATION IN THE MEXICAN FAMILY BUSINESS: COMPONENTS, TECHNICAL TOOLS AND EFFECTIVENESS, COMPENSACIONES EN LA EMPRESA FAMILIAR MEXICANA: SUS COMPONENTES, HERRAMIENTAS DE APOYO Y CRITERIOS DE EFECTIVIDAD

Sergio Manuel Madero Gomez, Rosa Nelly Trevino Rodriguez and Jorge Abel Avendano

Revista Internacional Administracion & Finanzas, 2012, vol. 5, issue 5, 41-56

Abstract: The issue of compensation in companies is commonly considered a confidential topic. However, it is necessary to know and analyze compensation as a strategic issue, especially in family businesses. This study was conducted by administering a questionnaire to 384 managers of family businesses located in Mexico, with the objective of identifying the components of compensation mix in family businesses. We also examine the use of different effectiveness indicators in the management of compensation. We find that for top family firm managers, the base salary represents 54.98% of their income, variable compensation is 13.55%, benefits are 12.71% and finally the payment of shares or stock options in the company is 11.11%.

Keywords: Compensation; Family Business; Effectiveness; Human Resource Management; México (search for similar items in EconPapers)
JEL-codes: J3 M1 M5 (search for similar items in EconPapers)
Date: 2012
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