<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Executive compensations have a strong motivation role in contemporary business organizations. Adequate models of compensation enable attracting and retaining the high-capacity managers. This way, business organization conquers and maintains the competitive position in the context of globalization. It is necessary to align the executive compensation with the business organization’s strategy, which requires careful process of planning, done by the highest levels of management and ownership. The main objective of the paper is to explore and compare the structure and the level of executive compensation in the Republic of Serbia and EU countries. The paper focuses on executive compensation components, primarily long-term and short-term incentives, as well as sallary and benefits. A comparative analysis of executive compensation models was performed to explain the differences in the observed countries.The study found large and disproportionate differences in the executive compensation levels, conditioned mostly by the economic development of the observed economies.</p></abstract>

Executive compensations have a strong motivation role in contemporary business organizations. Adequate models of compensation enable attracting and retaining the high-capacity managers. This way, business organization conquers and maintains the competitive position in the context of globalization. It is necessary to align the executive compensation with the business organization’s strategy, which requires careful process of planning, done by the highest levels of management and ownership. The main objective of the paper is to explore and compare the structure and the level of executive compensation in the Republic of Serbia and EU countries. The paper focuses on executive compensation components, primarily long-term and short-term incentives, as well as sallary and benefits. A comparative analysis of executive compensation models was performed to explain the differences in the observed countries.The study found large and disproportionate differences in the executive compensation levels, conditioned mostly by the economic development of the observed economies.

Comparative Analysis of Executive Compensation in the Republic of Serbia and EU Countries

Economic Themes

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

Executive compensations have a strong motivation role in contemporary business organizations. Adequate models of compensation enable attracting and retaining...

Comparative Analysis of Executive Compensation in the Republic of Serbia and EU Countries

Published Online: May 04, 2020

Page range: 181 - 200

Received: Feb 02, 2019

Accepted: Jul 11, 2019

DOI: https://doi.org/10.2478/ethemes-2019-0011

Keywords
Management, executive compensation, business organization, comparative analysis, the Republic of Serbia

© 2019 Ivana Marinović Matović, published by Sciendo

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

Comparative Analysis of Executive Compensation in the Republic of Serbia and EU Countries

Published Online: May 04, 2020

Page range: 181 - 200

Received: Feb 02, 2019

Accepted: Jul 11, 2019

DOI: https://doi.org/10.2478/ethemes-2019-0011

KeywordsManagement, executive compensation, business organization, comparative analysis, the Republic of Serbia

© 2019 Ivana Marinović Matović, published by Sciendo

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

Keywords
Management, executive compensation, business organization, comparative analysis, the Republic of Serbia