The role of benefits in employee motivation and retention in the financial sector of the Czech Republic
Journal Title: Economic Research-Ekonomska Istraživanja - Year 2017, Vol 30, Issue 1
Abstract
This article deals with the role of benefits in employee motivation and retention in the financial sector of the Czech Republic. This discussion defines the basic theoretical background from the classical to the contemporary theories pertinent to this issue. Based on empirical research, supplemented by the roundtable method, this article determines the significance of the benefits for employee motivation and retention as one of many factors. It explores changes in employee preferences between years 2011 and 2013. In addition, it refers to the identified differences with regard to the respondents’ gender, education, age and job. Lastly, the article provides recommendations for business practice.
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