<abstract xmlns="http://www.w3.org/1999/xhtml"><p> The economic evolution of the last decades has entailed major changes concerning the Human Resource Management practices, in both private and budgetary sector of Romania. In order to maintain efficiency and market competitivity, a company must adapt to these changes by altering its human resource strategy since managers are encountering increasingly complex challenges as to attracting, motivating and retaining employees. Such an objective might be accomplished by elaborating a competitive system of employee compensation. This article focuses on the stage reached by the Human Resource Management in the compensation and benefits system of the private and budgetary sector. For the latter, we are focusing on the romanian system of higher education. This study demonstrates that the compensation and benefits system which is implemented in romanian universities is limited and can offer few opportunities as compared to the one implemented by private companies. It is worth saying that the legal system has a negative impact in this matter.</p></abstract>

The economic evolution of the last decades has entailed major changes concerning the Human Resource Management practices, in both private and budgetary sector of Romania. In order to maintain efficiency and market competitivity, a company must adapt to these changes by altering its human resource strategy since managers are encountering increasingly complex challenges as to attracting, motivating and retaining employees. Such an objective might be accomplished by elaborating a competitive system of employee compensation. This article focuses on the stage reached by the Human Resource Management in the compensation and benefits system of the private and budgetary sector. For the latter, we are focusing on the romanian system of higher education. This study demonstrates that the compensation and benefits system which is implemented in romanian universities is limited and can offer few opportunities as compared to the one implemented by private companies. It is worth saying that the legal system has a negative impact in this matter.

The Compensation and Benefits System: Private Companies vs. Budgetary System

European Review Of Applied Sociology

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

{"article-title":"The Compensation and Benefits System: Private Companies vs. Budgetary System"}

The economic evolution of the last decades has entailed major changes concerning the Human Resource Management practices, in both private and budgetary sector...

The Compensation and Benefits System: Private Companies vs. Budgetary System

Published Online: Feb 03, 2016

Page range: 31 - 39

DOI: https://doi.org/10.1515/eras-2015-0009

Keywords
Human Resources, Compensation and Benefits, Motivation, Performances

© 2016

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

The Compensation and Benefits System: Private Companies vs. Budgetary System

Published Online: Feb 03, 2016

Page range: 31 - 39

DOI: https://doi.org/10.1515/eras-2015-0009

KeywordsHuman Resources, Compensation and Benefits, Motivation, Performances

© 2016

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

Keywords
Human Resources, Compensation and Benefits, Motivation, Performances