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Compensation Strategy For The New Economy Age, Besnik Skenderi, Diamanta Skenderi
Compensation Strategy For The New Economy Age, Besnik Skenderi, Diamanta Skenderi
UBT International Conference
This paper is about motivation and compensation philosophy, since 15th century businesses are using the same performance measuring system and reward schemes. Performance is equal with sum of staff motivation and their ability to perform. Some companies are using bonus payments and penalties, depending on success or on failure regarding performance of their staff. Regarding motivation literature is proving different theories, but the issue is that employees nowadays are more informed and have greater expectation from companies regarding compensation.