<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The aim of this paper is to explore the development of the compensation practice in the context of human resource management (HRM) in Serbia. The objectives are to detect the extent of the usage of different elements in the compensation packages, the level of negotiation during the determination of the basic pay, the responsibility for decision making process regarding basic pay, the extent of the usage of different types of benefits, and to explore the differences between these data in the two research periods, 2008-2010 and 2014-2016. The methodology in this paper includes the theoretical analysis of the compensation systems, as well as the comparative analysis of the data on compensation in Serbia based on the Cranet research. The sample of the study consisted of 210 organisations from Serbia, 50 organisations in the 2008-2010 period and 160 organisations in the 2014-2016 period. This paper brings new insights to the development of comparative compensation management since it points to the development/changes of the compensation practice (in years) in Serbian HRM.</p></abstract>

The aim of this paper is to explore the development of the compensation practice in the context of human resource management (HRM) in Serbia. The objectives are to detect the extent of the usage of different elements in the compensation packages, the level of negotiation during the determination of the basic pay, the responsibility for decision making process regarding basic pay, the extent of the usage of different types of benefits, and to explore the differences between these data in the two research periods, 2008-2010 and 2014-2016. The methodology in this paper includes the theoretical analysis of the compensation systems, as well as the comparative analysis of the data on compensation in Serbia based on the Cranet research. The sample of the study consisted of 210 organisations from Serbia, 50 organisations in the 2008-2010 period and 160 organisations in the 2014-2016 period. This paper brings new insights to the development of comparative compensation management since it points to the development/changes of the compensation practice (in years) in Serbian HRM.

The Development of Compensation System in Serbia: A Comparison of Two Successive Cranet Research Rounds

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The aim of this paper is to explore the development of the compensation practice in the context of human resource management (HRM) in Serbia. The objectives...

The Development of Compensation System in Serbia: A Comparison of Two Successive Cranet Research Rounds

Published Online: May 14, 2018

Page range: 79 - 90

Received: Dec 01, 2017

Accepted: Dec 28, 2017

DOI: https://doi.org/10.2478/ethemes-2018-0005

Keywords
HRM, compensation, incentive pay, benefits, Cranet, Serbia

© 2018 Nemanja Berber et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

The Development of Compensation System in Serbia: A Comparison of Two Successive Cranet Research Rounds

Published Online: May 14, 2018

Page range: 79 - 90

Received: Dec 01, 2017

Accepted: Dec 28, 2017

DOI: https://doi.org/10.2478/ethemes-2018-0005

KeywordsHRM, compensation, incentive pay, benefits, Cranet, Serbia

© 2018 Nemanja Berber et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
HRM, compensation, incentive pay, benefits, Cranet, Serbia