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From Theory to Practice: Incentives for Managers and Professionals

Author

Listed:
  • Poljašević Branka Zolak

    (University of Banja Luka, Faculty of Economics, Majke Jugovića 4, 78 000 Banja Luka, Bosnia and Herzegovina)

  • Berber Nemanja

    (University of Novi Sad, Faculty of Economics Subotica, Segedinski put 9-11, 24000 Subotica, Serbia)

Abstract

Although, in theory, a considerable amount of literature emphasizes the significance of employee incentive pay, there is not much empirical research indicating their dispersion in practice. The primary purpose of this study is to explore the level of implementation of various incentives in three countries: Slovenia, Serbia, Bosnia and Herzegovina. The research was conducted on a sample of 321 companies. Data for this study were extracted from the CRANET dataset. The latest data collection cycle was conducted in 2021-2022. In addition to descriptive statistics, the Pearson Chi-Square Test and Cramer’s V test were used to test hypotheses. The research results indicate a statistically significant difference in using most observed compensation elements among the observed countries. The study contributes to compensation management literature by presenting empirical data regarding the degree of implementation of various compensation instruments in three observed countries.

Suggested Citation

  • Poljašević Branka Zolak & Berber Nemanja, 2024. "From Theory to Practice: Incentives for Managers and Professionals," Naše gospodarstvo/Our economy, Sciendo, vol. 70(1), pages 13-23, March.
    • Handle: RePEc:vrs:ngooec:v:70:y:2024:i:1:p:13-23:n:2
    DOI: 10.2478/ngoe-2024-0002
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    Keywords

    Incentives; Compensations; Country context; Managers; Professionals;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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