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Balancing the form of remuneration for the most effective management of the enterprise

Bakiyev Timur   (Heriot Watt University, Edinburgh Business School, Edinburgh, Scotland, UK)

In modern conditions, the choice of forms of remuneration for employees is of great importance, since it directly affects the efficiency of their work and the efficiency of the entire enterprise. While the use of piecework and time-based forms of remuneration, it is important to adopt a balancing act, because the main goal of every business enterprise, which is profit and increase efficiency. This, in turn, is achieved by managing it as efficiently as possible. The article examines the forms of remuneration, the main of which are piecework and time-based, identifies their advantages and disadvantages in various conditions. The author substantiates the necessity of simultaneous use of both forms of remuneration for employees of the same specialization, as well as the importance of balancing them in order to improve the efficiency of the enterprise. Using the example of employees of the main production shop, the author proves the effectiveness of the developed management method by finding a balance in the number of employees of one specialization who have piecework and time-based wages. The use of this method allows you to reduce the total salary fund and increase labor productivity, which has a positive effect on the efficiency of the enterprise.

Keywords:remuneration of labor, forms of remuneration of labor, piece-rate remuneration of labor, time remuneration of labor, the balancing of forms of remuneration, the effectiveness of forms of remuneration.

 

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Citation link:
Bakiyev T. Balancing the form of remuneration for the most effective management of the enterprise // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2021. -№04. -С. 6-10 DOI 10.37882/2223-2974.2021.04.02
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