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The Company´s System of Remuneration and Its Efficiency
NGUYENOVÁ, Hong Ngan
The main subject of this bachelor thesis is the evaluation of the current wage system and its efficiency in a selected company, which is Garnea, a. s. After introducing the company and describing the structure of employees by gender and education, the current wage system and its different components provided to employees were described. Furthermore, the ratio of personal expenses to total expenses and the ratio of service order for each employee were calculated. To evaluate efficiency, productivity formulas were utilized, where the inputs were the average converted number of employees and personal expenses, and the outputs were total expenses, added value, and total revenues. The results of each indicator were compared over time, specifically for the period 2016 to 2021. In the efficiency assessment, it was found that the company invests only 4 % in personal expenses. Based on this result, it was evaluated that employees have lower labour productivity because the growth rate is faster than labour productivity. For these reasons, the company was recommended to use some of the proposed measures, including the introduction of a premium rate, contribution to transportation to work, and implementing a cafeteria system. Financial statements of the company revealed that the enterprise achieves hight turnovers. Therefore, it was recommended for the company to invest in improving the wage system by utilizing at least one of the proposed measures. These measures will increase labour productivity and create a more effective wage system in the company.
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