Systems of rewards for employees: foreign experience

Shtyk, Yuliya and Штик, Юлія Вячеславівна and Geyer, Eleonora and Гейєр, Елеонора Станіславівна (2015) Systems of rewards for employees: foreign experience. Бізнесінформ (4). pp. 52-57. ISSN 2306-6806

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Abstract

The article is aimed to develop proposals for improving the system of re-wards for employees at the enterprises of Ukraine on the basis of the car-ried out analysis of approaches to establishing systems of rewards in foreign countries. Analysis, systematization and generalization of scientific works of foreign scientists were conducted, approaches: american, european, and japanese – to establishing systems of rewards for employees depending on motivation were considered. A characteristic of foreign approaches has been presented. In the absence of a uniform approach to establishing systems of rewards for employees at the enterprises of Ukraine, usefulness of the ex-isting foreign experience has been proven. It has been proposed to use an integrated approach to establishing systems of rewards for employees, which integrates financial and non-financial forms of remuneration to staff: sala-ries, social programs, including programs to support a balance between work and life, recognition of merit and work, development and self-fulfillment. Im-plementation of the proposals would resolve such important issues as highly productive labor, improving the efficiency of production, addressing the prob-lems of socio-cultural and qualification levels of workers

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