Management Research: Current Issues in Remuneration and Bonuses

This management research report investigates the impact of remuneration and bonuses on employee productivity within an organization. The research employs a descriptive design, focusing on the effects of remuneration and bonuses on worker output, and utilizing a deductive approach to draw conclusions. The methodology includes a systematic probability sampling technique for data collection, ensuring transparency and unbiased results. Primary and secondary data collection methods are employed, with primary data gathered through surveys and interviews, and secondary data from various sources. The report emphasizes ethical considerations, including the Data Protection Act, to maintain respondent privacy. Data analysis involves the use of qualitative methods, including open-ended and closed-ended questions. The research aims to develop theoretical and methodological provisions for analyzing employee remuneration, considering the economic essence of remuneration, its place in economic analysis, and the implementation of a systems approach. The report concludes with key findings, including a definition of remuneration and the justification for a system-analytical approach to compensation, alongside the importance of staff remuneration analysis within the broader context of organizational economic analysis.

Running head: MANAGEMENT RESEARCH
Current Issues in Management Research
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MANAGEMENT RESEARCH
Introduction
The research topic is the effect of remuneration and bonuses
The most important resource and the main factor in the production of any
organization and in any economic system is its personnel. In the market system, the personnel
of the commercial organization perform the basic functions of doing business, by selling the
organization of its own workforce. The monetary valuation of services rendered to an
economic entity by an employee manifests itself on the surface of economic phenomena in
the form of remuneration for certain physical or intellectual efforts (Al Ariss, Cascio, &
Paauwe, 2014).
The degree of useful effect for the organization from the use of labor depends on
many factors, including the level of education and qualifications of employees, satisfaction
with working conditions and the psychological climate in the team, awareness of the
corporate interests and strategic goals of the company. However, the main stimulating lever,
in this context, is the size and frequency of remuneration that adequately reflects the
workload of employees (Bryman & Bell, 2015). .
Methodology
In this research, the research would choose descriptive design. This is because the
design would help the researcher to shed light on the different theories and concepts related
to the employers and bonuses . The major drive behind this is the impact of bonuses and
remuneration on the productivity of workers in an organization. The flexible policy of the
organization in the field of staff remuneration with the appropriate moral incentives
objectively allows to increase the level of labor productivity, and, consequently, a number of

MANAGEMENT RESEARCH
the most important performance indicators of the company. In addition, the amount of
material incentives for employees largely reflects the image of the firm in the business world
and the labor market, determines the possibility of attracting highly qualified specialists,
which to a large extent forms the competitiveness of a commercial organization (Cooperberg,
& Carroll, 2015).
Research Approach
For executing a research, the researcher applies two kinds of approach-inductive and
deductive. Inductive approach is when the researcher induces new facts, theories and
concepts for the already established facts. On the other hand, through deductive approach, the
researcher deduces relevant conclusions from the acquired knowledge on the different topics.
For executing this researcher, the researcher would select deductive approach (Brannen
2017).
Justification
Using deductive approach would help the researcher to deduce relevant conclusions
and recommendations from the outrage, which resulted from the haste decisions of employers
and managers. Moreover, this approach would assist the researcher in formulating the
hypothesis and assessing the productivity of the organizations as a whole.
Sampling Technique
The whole population is the sample for the researcher as the subject matter involves
betterment of the whole society. In simple technique, the samples are selected without any
criteria. This is also followed in random technique (Cherry, & Jacob, 2016).

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. However, in probability sampling technique, the researcher adheres to certain criteria for
selecting the sample size. In this research, the researcher would desire to select Systematic
Probability Sampling Technique.
Justification
Systematic Probability Sampling Technique would enable the researcher to avert any
kind of biasness within the data collection. Moreover, this technique would enhance the
transparency within the researcher, assuring the respondents about the safety and security of
their responses.
Data Collection
Key social and demographic indicators depend on the level of remuneration, such as
income of the population by industry, region, countrywide, the minimum subsistence level,
and the degree of accessibility for citizens of various material goods. Within the framework
of a separate commercial organization, remuneration of personnel is present both in costs,
occupying a significant proportion, and in the profit of an economic entity. The movement of
cash, material flows, other resources, as a rule, affects and has a serious impact on the
formation of remuneration, their size, structure, payment and use (Cooperberg, & Carroll,
2015)..
Data is crucial for efficient execution of any kind of research. Collection of data is
done mainly through primary and secondary methods. These methods are further divided into
quantitative and qualitative. In primary quantitative, data is collected through survey and in
case of qualitative, data is collected through interview (Dinnie, 2015). . In case of secondary
methods, data is collected from government websites, journal articles, books and others. In
this research, both primary and secondary methods would be used for collecting data related
bonuses and remuneration in employees.

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Justification
Primary data collection methods would enhance the awareness of the researcher into
the approach of the staffs towards the outrage. The basis of this data collection would be
quantitative data analysis. On the other hand, incorporation of secondary data collection
method would be helpful for the researcher in terms of enhancing the knowledge related to
the outrages and the decisions, which degrades the image of the companies and organizations.
Data Analysis
In primary quantitative, the collected data is analysed through the preparation of
survey and interview questions. These responses are depicted on tables, charts and graphs for
deducing relevant conclusions and recommendations (Kerac, et al, 2015).. In this research,
primary qualitative method would be used by the researcher for analysing the collected data.
Open ended and close ended questions would be prepare for gaining an insight into the
approaches of the staffs towards the outrage due to the ban on plastic bags. The questions are
as follows: With all the diversity of scientific developments on the formation, organization
and accounting of labor remuneration, there is no terminological clarity and a scientifically
grounded relationship between the categories "pay", "remuneration", "wages", "incentive
payments".
The issues of the economic analysis of staff remunerations remain poorly researched,
its place in the complex economic analysis has not been fully determined. In addition, the
information base for analysis, the organizational aspects of conducting analytical procedures,
the system of indices of remuneration and the evaluation of the validity and effectiveness of
the implementation of dividend, compensatory and incentive payments need to be clarified,
corrected and further justified (Kothari, Mizik, & Roychowdhury, 2015)..

MANAGEMENT RESEARCH
The factors mentioned determined the choice of the topic, structure, setting and
implementation of the purpose and objectives of the dissertation research.
The research work is carried out in accordance with the direction of scientific research
of the Voronezh State University "Theory, methodology and methodology of accounting,
analysis and control of the activities of economic entities", approved by the Scientific
Council of the VSU (Smith, 2015). .
Purpose and objectives of the study. The aim of the research is the development of
theoretical and methodological and organizational and methodological provisions for
analysing the remuneration of personnel of a commercial organization, taking into account
the agrarian specifics based on modern analytical tools.
To achieve the desired goal, the following tasks were identified: to reveal the
economic essence of the concept "in based on a critical assessment of existing approaches
and the subordination of related categories" pay "and" wages "; determine the place of
analysis of staff remuneration in the system of integrated economic analysis of the economic
activity of the economic entity; to justify the implementation of the principles of the system
approach to the internal content of the analysis of the remuneration of the personnel of the
commercial organization; to assess the current legal support for the analysis of staff
remuneration for adequacy and adequacy of the existing business environment; to develop
and substantiate the organizational model for conduct (Kothari, Mizik, & Roychowdhury,
2015).
Ethical Considerations
Ethics is important in terms of executing the research in terms of executing the
research in an efficient and effective manner. Moreover, it helps the researcher in gaining the
trust, loyalty and dependence of the respondents. Applying Data Protection Act (1998)

MANAGEMENT RESEARCH
enables the researcher to maintain the safety, security and privacy of the responses generated
by the samples.
Justification
Incorporating Data Protection Act within the research would help the researcher to
assure the respondents that their responses would be used solely for the purpose of research
instead of commercialization. Along with this, exposing a liberal approach towards the
comfort of the samples would reflect his ethical approach (Quinlan, Babin, Carr, & Griffin,
2019). . Acknowledging the sources would help the researcher to avert the instances of
plagiarism and collusion. Conscious approach towards these aspects would help the
researcher to produce reliable and valid research.
Conclusion
The following scientific results were obtained in the process of research: the
definition of the concept of "reward" from payment of labor, characterizing the system of
labor, organizational, legal and socio-economic relations (Rawal, 2016).,; The system-
analytical approach to the internal content of remuneration is justified, which makes it
possible to establish the nature of the relationship of individual compensation elements with
the interests of various agency groups operating within the framework of a functioning
commercial organization. The reasonableness of the separate block "Analysis of staff
remuneration" in the complex economic analysis of the production and financial activities of
the commercial organization was proved reasonably.

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