Open AccessFINANCIAL INCENTIVES AS A DEVELOPMENT FACTOR FOR ECONOMIC ENTITIES
Author(s) -
E. V. Tinkova,
G.A. Polskaya,
S. A. Tinkov
Publication year - 2017
Publication title -
izvestiâ ûgo-zapadnogo gosudarstvennogo universiteta
Language(s) - English
Resource type - Journals
eISSN - 2686-6757
pISSN - 2223-1560
DOI - 10.21869/2223-1560-2017-21-2-159-163
Subject(s) - salary , incentive , purchasing power , business , work (physics) , quality (philosophy) , labour economics , job enrichment , economics , public economics , market economy , job satisfaction , job design , management , job performance , mechanical engineering , philosophy , epistemology , keynesian economics , engineering
The low salaries are one of the most significant factors that does not contribute to social and economic development in the country. Therefore, at the present stage, it is necessary to restore all salary functions , especially stimulating one, to increase the proportion of material reward in people's monetary incomes. This will help to improve the living standards and purchasing power, revitalize business processes that will definitely contribute to the economic development of the country and economic entities. The article reveals the approach to the formation of material reward at the present stage. The employee receives his salary for the exercise of official duties, the bonus is determined by the complexity, quality, efficiency of the work done. The labor code of the Russian federation does not allow an employer to force an employee to do the job that is not included in the job description, unless an employee himself wants to do so. As research shows, in practice there are situations of social and labor relations that deviate from the norms of the employment contract. All these issues are urgent and require the development and implementation of an effective policy of social and labor relations.