Analysis of Scientific Approaches to Construction of a pay Package: Theoretical and Applied Aspects

Tsimbalyuk Svetlana A. ()
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Tsimbalyuk Svetlana A.: Kyiv National Economic University named after. V. Getman

Business Inform, 2013, issue 4, 286_293

Abstract: The article considers theoretical and methodological issues of providing employees with a pay package. It studies scientific views on a construction of a pay package. Having generalised views of different scientists we specified approaches to formation of a set of compensations. The first approach - compensations include money remuneration, second - tangible (money and not money) remuneration, third - tangible and intangible remuneration, and fourth - benefits of the social character. We justify that namely the third approach to construction of the pay package ensures a complex approach to formation of a system of remuneration and corresponds with modern trends in the practice of economic activity and system of socio-labour relations.

Keywords: compensation; pay package; wage; remuneration; social welfare (search for similar items in EconPapers)
Date: 2013
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