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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

Author

Listed:
  • Sergio Manuel Madero Gomez
  • Rosa Nelly Trevino Rodriguez
  • Jorge Abel Avendano

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%.

Suggested Citation

  • Sergio Manuel Madero Gomez & Rosa Nelly Trevino Rodriguez & Jorge Abel Avendano, 2012. "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 Efecti," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 5(5), pages 41-56.
    • Handle: RePEc:ibf:riafin:v:5:y:2012:i:5:p:41-56
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    More about this item

    Keywords

    Compensation; Family Business; Effectiveness; Human Resource Management; México;
    All these keywords.

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics

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