DC FieldValueLanguage
dc.contributor.authorNtanos, Stamatios-
dc.contributor.authorChalikias, Miltiadis-
dc.contributor.authorSidiropoulos, Georgios-
dc.contributor.authorTriantafyllou, Evangelia-
dc.contributor.authorKyriakopoulos, Grigorios-
dc.date.accessioned2024-04-09T11:17:03Z-
dc.date.available2024-04-09T11:17:03Z-
dc.date.issued2020-06-19-
dc.identifierscopus-85087205077-
dc.identifier.issn1810-5467-
dc.identifier.issn1727-7051-
dc.identifier.other85087205077-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/1877-
dc.description.abstractThis study investigated the structure of employees’ remuneration and rewards systems, focusing on medium- and large-sized firms in the region of Attica in Greece during the economic crisis. Data were collected using a structured questionnaire based on relevant literature. A sample of 150 companies filled out a total of 500 questionnaires. The results revealed that medium- and large-sized companies applied various remuneration systems, including the base wage, performance-related bonuses, and a combination of additional non-wage benefits. Greek firms did not avoid wage cut in times of low turnover, although hypotheses testing revealed no relationship between firm size and the use of flexible remuneration systems. However, a positive relationship between the unions’ engagement and the use of non-wage cutting strategies was confirmed. Furthermore, a positive correlation between wage rigidity, labor market legislation, and collective agreements for setting minimum wage levels was found. Finally, a hypothesis test regarding the association between the firm, the business sector, and wages cut over the last seven years was accepted. The study concludes that wages cut should be the final choice by firms since remuneration is a source to satisfy, engage, and attract employees.en_US
dc.language.isoenen_US
dc.relation.ispartofProblems and Perspectives in Managementen_US
dc.subjectEconomic crisisen_US
dc.subjectLabor costsen_US
dc.subjectRemunerationen_US
dc.subjectRewards systemsen_US
dc.subjectWage rigidityen_US
dc.titleRemuneration and reward systems during an economic crisis: Case study from Attica region, Greeceen_US
dc.typeArticleen_US
dc.identifier.doi10.21511/ppm.18(2).2020.22en_US
dc.identifier.scopus2-s2.0-85087205077-
dcterms.accessRights1en_US
dc.relation.deptDepartment of Business Administrationen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume18en_US
dc.relation.issue2en_US
dc.identifier.spage261en_US
dc.identifier.epage276en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.subject.fieldSocial Sciencesen_US
dc.journalsOpen Accessen_US
dc.publicationPeer Revieweden_US
dc.countryGreeceen_US
local.metadatastatusverifieden_US
item.fulltextNo Fulltext-
item.grantfulltextnone-
item.openairetypeArticle-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
crisitem.author.deptDepartment of Business Administration-
crisitem.author.facultySchool of Administrative, Economics and Social Sciences-
crisitem.author.parentorgSchool of Administrative, Economics and Social Sciences-
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