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Economic Stimulation of Labor of Strategic Level Management Workers Based on the Results of Performance
Tutova A. S.

Tutova, Anastasiia S. (2022) “Economic Stimulation of Labor of Strategic Level Management Workers Based on the Results of Performance.” Business Inform 6:122–129.
https://doi.org/10.32983/2222-4459-2022-6-122-129

Section: Management and Marketing

Article is written in Ukrainian
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UDC 331.522

Abstract:
The article examines the feasibility of stimulating the work of employees of the strategic level of enterprise management, taking into account the achieved economic results of enterprises’ performance. The existing proposals for the selection and application of criterion indicators, for the achievement of which top managers are stimulated by enterprises, are generalized, and the conclusion drawn is that they are insufficiently substantiated. Therefore, the purpose of the article is to closer define the theoretical and methodological provisions of stimulating the work of employees of the strategic level of enterprise management on the basis of an objective assessment of the results of performance of economic entities concerning the use of economic resources. The objectives of the article are: a closer defining of the theoretical provisions of stimulating the work of employees of the strategic level of management; substantiation of influential indicators of the enterprise’s performance, according to which it is advisable to stimulate the work of top managers; formation of a methodological approach to stimulating the work of top managers on the basis of an objective assessment of the results of performance of economic entities concerning the use of economic resources. The object of the study is the process of stimulating the work of top managers of enterprises. The subject of the study are the theoretical and methodological provisions of stimulating the work of top managers of enterprises. The main research methods are methods of theoretical generalization, analysis, synthesis, structural-logical analysis, theoretical-logical analysis, canonical analysis, multidimensional factor analysis, method of analysis of factor loads in the equations of latent factors. The main results of the article are presented as follows. The theoretical provisions of labor stimulation of top managers are closer defined, the content of which is to allocate the dual nature of stimulation: objective – regarding the achieved economic results of enterprises and subjective – regarding the perception by top managers of valence and sufficiency of incentives, which constitute two aspects of the study of the process of labor stimulation. Methodological approach to substantiation of indicators of economic performance of the enterprise, for the achievement of which it is advisable to stimulate top managers, is formed using canonical analysis and multidimensional factor analysis according to statistical data of 19 industrial enterprises of the Kharkiv region.

Keywords: economic stimulation, top manager, effectiveness of performance of enterprise, theoretical provisions, objective aspect of stimulation, subjective aspect of stimulation, methodological approach, canonical analysis, multidimensional factor analysis.

Tabl.: 1. Formulae: 2. Bibl.: 17.

Tutova Anastasiia S. – Postgraduate Student, Department of Management, Logistics and Innovation, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkiv, 61166, Ukraine)
Email: [email protected]

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