{"id":15497,"date":"2021-07-20T10:16:52","date_gmt":"2021-07-20T07:16:52","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=15497"},"modified":"2021-11-24T12:51:16","modified_gmt":"2021-11-24T10:51:16","slug":"modern-methods-labor-incentives","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/modern-methods-labor-incentives\/","title":{"rendered":"Khrapkina V., Boretska E. Modern Methods of Labor Incentives"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification<\/strong>: M12.<\/i>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-30<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Khrapkina Valentyna, <\/b>Doctor of Economics, Professor, National University of \u201cKyiv-Mohyla Academy\u201d, Faculty of Economics, Department of Marketing and Business Management, Professor<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0003-3431-4369<\/a><\/span>
\ne-mail:<\/strong> valentina_31@i.ua<\/span><\/a><\/p>\n

Boretska Emiliia, <\/b>student,<\/span> National University of \u201cKyiv-Mohyla Academy\u201d<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0003-3429-5639<\/a><\/span>
\ne-mail:<\/strong> emiliya.boretska@gmail.com<\/span><\/a><\/p>\n

 <\/p>\n

Modern Methods of Labor Incentives<\/h2>\n

 <\/p>\n

Abstract<\/strong>. Introduction. The article is devoted to the question of modern methods of labor stimulation. The research considers the theoretical aspects, formed a complete picture of the concept of labor incentives, systematized its main functions.<\/p>\n

Purpose<\/strong>. The article substantiates the stimulation of labor as an impact not directly on the individual, but on external circumstances through benefits – incentives, which in turn motivate the worker to a certain behavior. Having considered the theoretical aspects, such functions of labor stimulation as moral function, social function and economic function are singled out.<\/p>\n

Results.<\/strong> The main types of labor incentives (tangible and intangible) are identified, the details of these functions are detailed. In the research, material incentives are understood as monetary and non-monetary. Under the intangible, in turn, socio-psychological, creative and free time. A graphic image of all types of work incentives is made. The research of effective methods of labor stimulation in international companies is considered. Successful current examples of such incentives among global companies such as Google, Ultimate Software, Hilcorp Energy, NetApp, Chesapeake Energy, JM, Mayo Clinic, Stryker, Producers Assistance Corporation, Intel, Aflac, Hasbro, Robert W. Baird & Co., GoDaddy and Zappo. A research by Work.Ua has been developed, which identifies effective methods of stimulating work on the example of Ukrainian companies. The author’s own research was conducted based on a survey of 208 respondents, including 74.5% of women and 25.5% of men of working age who had experience working in Ukrainian or international companies.<\/p>\n

Conclusion<\/strong>. According to the results of the study, the most effective tangible (salaries, bonuses and allowances, payment of advanced training courses, health and life insurance, payment for food and transport) and intangible (staff and management respect, career opportunities, flexible work schedule, opportunity to implement creative skills, verbal recognition of the employee) modern work incentives. The key features of these incentives are characterized and their statistical importance is highlighted.<\/p>\n

Keywords<\/strong>: work; labor incentives; labor efficiency; personnel management; tangible labor stimulation; intangible labor stimulation.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Ovsyuk, N.V. (2014). Motivation and stimulation of labor: the essence of concepts and their reflection in accounting. Innovative Economy<\/em>, 53, 314-315 [in Ukrainian].<\/li>\n
  2. Kontseva, V.V., Ryzhankova, G.M. (2011). Motivation and incentives in modern conditions. Project management, systems analysis and logistics. Technical series<\/em>. 8th ed., 322. [in Ukrainian].<\/li>\n
  3. Medic, A.A. (2014). Improvement of the organization and stimulation of labor at the enterprise. Technologies and design<\/em>, 2, 3\u20137 [in Ukrainian].<\/li>\n
  4. Robinson Resource Group. Rewarding your employees: 15 examples of successful incentives in the corporate world. (2010). Retrieved from: https:\/\/rrgexec.com\/blog\/rewarding-your-employees-15-examples-of-successful-incentives-in-the-corporate-world\/<\/li>\n
  5. Vorontsova, M.M., Krakhmalova, N.A. (2017). Motivation of staff as a tool to improve the activities of the enterprise. Entrepreneurial Initiatives<\/em>, 273 [in Ukrainian].<\/li>\n
  6. Max Freedman Want to Boost Employee Productivity? Offer an Incentive. (2020). Retrieved from: https:\/\/www.businessnewsdaily.com\/8506-employee-productivity-incentives.html<\/li>\n
  7. Kalpana R. Wage Incentive Plans: Objectives, Advantages, Limitations and Types. (2020). Retrieved from: https:\/\/www.businessmanagementideas.com\/wage\/wage-incentive-plans-objectives-advantages-limitations-and-types\/2539<\/li>\n
  8. Frank H. Stephen (1984). Efficient Labour Organization: Incentives, Power and the Transactions Cost Approach. London: The Macmillian Press LTD.<\/li>\n
  9. Bob Nelson (2012). 1501 Ways to Reward Employees. New York: Workman Publishing Company.<\/li>\n
  10. Google Forms Software. Retrieved from: https:\/\/docs.google.com\/forms\/<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: 28 May<\/span><\/strong>\u00a02021<\/span><\/strong><\/p>\n

    \"khrapkina.pdf\"<\/div>
    khrapkina.pdf<\/div><\/div>
    <\/div>
    <\/div>
    Size: <\/span>0.30Mb<\/span><\/div>
    Download Now!<\/a><\/span>433<\/span> Downloads<\/span><\/span><\/div><\/div>
    <\/div>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n\n
    \n

    How to quote this article?<\/p>\n<\/td>\n<\/tr>\n

    Khrapkina V., Boretska E. (2021). Modern Methods of Labor Incentives. Modern Economics<\/em>, 27(2021), 214-219. DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-30.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<< Back to contents<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

    <\/div>\n

    [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column][vc_column_text] JEL Classification: M12. DOI: https:\/\/doi.org\/10.31521\/modecon.V27(2021)-30 [\/vc_column_text][vc_column_text]Khrapkina Valentyna, Doctor of Economics, Professor, National University of \u201cKyiv-Mohyla Academy\u201d, Faculty of Economics, Department of Marketing and Business Management, Professor ORCID ID: 0000-0003-3431-4369 e-mail: valentina_31@i.ua Boretska Emiliia, student, National University of \u201cKyiv-Mohyla Academy\u201d ORCID ID: 0000-0003-3429-5639 e-mail: emiliya.boretska@gmail.com   Modern Methods of Labor Incentives   Abstract. Introduction. The
    Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":13475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[153],"tags":[152],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/15497"}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=15497"}],"version-history":[{"count":0,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/15497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media\/13475"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=15497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=15497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=15497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}