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Direct versus Indirect Rewards for the Attraction of the Employees

Author

Listed:
  • Elena-Sabina HODOR

    (Alexandru Ioan-Cuza University, Iasi, Romania,)

Abstract

What do employees need most in terms of rewards? There is a “optimum package” for rewarding? What percentage of direct and indirect rewards should contain a reward strategy? These are only a few of questions that are elucidated with this paper. In order to make a clear image about direct and indirect possible rewards, this article defines: wages, bonuses, premium pay, participation at profit, different incentives, other direct rewards, mandatory and pension rewards, insurances, paying the not worked time and other indirect rewards and benefits. Further, the theoretical background move forward and make connections also to the legislative connotation of the rewards. The main legislative texts discussed that influence Human Resource Management in terms of direct and indirect rewards are: Law 571/2003 from the Fiscal Code, Title IV from the Labour Code and Employee Benefits from the International Accounting Standards.

Suggested Citation

  • Elena-Sabina HODOR, 2016. "Direct versus Indirect Rewards for the Attraction of the Employees," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Stiinte Sociale/ Logos Universality Mentality Education Novelty - Section: Social Sciences, Editura Lumen, Department of Economics, vol. 5(1), pages 19-27, June.
    • Handle: RePEc:lum:rev17s:v:5:y:2016:i:1:p:19-27
    DOI: http://dx.doi.org/10.18662/lumenss.2016.0501.02
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    More about this item

    Keywords

    direct rewards; indirect rewards; wages; bonuses; premium pay; human resource attraction; mandatory rewards.;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines

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