The issue of Remuneration of High-Ranking Managers in Enterprises of the Czech Republic
Keywords:remuneration CEO, compensation, wage, principal-agent model, senior manager
AbstractPurpose of the article: The purpose of this article is to analyse the remuneration of senior executives in large enterprises in the Czech Republic through a structured questionnaire survey to analyse the factors that affect remuneration, interdependence and specification of the area. Methodology/methods: This article uses secondary research resources from the Web of Science and Scopus database systems. A database of Amadeus has been used to select a sample of companies, which contains reports of nearly 20 million European companies, including those from the Czech Republic. General scientific methods such as the analysis, comparison and statistical methods were used to calculate frequencies, average, and median values. Scientific aim: The aim of the article was to highlight the system of rewarding senior executives, revealing the factors that affect the amount of rewards. The questionnaire survey also focused on identifying the motivation of these workers. Findings: Large firms in the Czech Republic are limited in the number and therefore the presented study has certain limits. This article focuses on the evaluation and analysis of the system of rewarding a selected group of employees in large enterprises. Conclusions: Remuneration is a very specific part of business management. The questionnaire survey conducted among the Czech Republic’s large companies showed that top management is rewarded in terms of the performance and company performance. The manager’s remuneration then depends on the size of the enterprise, and this premise was also confirmed by the Kendall tau statistical method.
ORIGINAL SCIENTIFIC ARTICLE