Correlation of the level of salaries of employees in medium-sized agricultural enterprises and individual farms and the impact on top management

Abstract

Businesses of an enterprise can be improved in various ways. One of the important influences on the business of agricultural enterprises is maintaining the level of salaries of employees at a competitive level. This was adopted by the authors and a survey was conducted which covered medium-sized agricultural enterprises and individual farms with respect to the level of earnings in the period 2017-2019 in the Republic of Serbia. The results indicate that there is a statistically significant relationship between the level of salaries of employees in both forms of organization of agricultural production and the profit of the enterprise. In addition, there is a significant correlation between the level of employees' salaries and positive profits for 2017 alone (p <.05), while there is no significant relationship for the remaining two years. Finally, the final conclusion porous from this study suggests that there was an increase in employee pay in 2019 with a simultaneous fall in income.