Rewards in European transition states

Authored by: Ihar Sahakiants , Marion Festing

The Routledge Companion to Reward Management

Print publication date:  November  2018
Online publication date:  November  2018

Print ISBN: 9781138294264
eBook ISBN: 9781315231709
Adobe ISBN:

10.4324/9781315231709-40

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Abstract

The specifics of reward systems in European transition states are discussed. Sometimes referred to as ‘post-communist’ states, these countries share, with a few exceptions, the common history of centrally planned economies and particular social welfare systems, the echoes of which can be still observed in current organizational practices. Along with a discussion on such path dependence and its impact on the provision of various rewards, such as social benefits or ‘pay for performance’, we provide an overview of the extant research on systems and practices implemented after the fall of state-socialist regimes for different groups of employees in organizations operating in this region. Furthermore, we point out the particularities of corporate governance in European transition states and the related issue of executive rewards in these countries. Finally, avenues for future research are discussed.

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