Modeling the Effectiveness of Employee Compensation Based on Financial Resources

Abstract

Modeling the effectiveness of employee compensation by evaluating the relationship with the factors of the labor intensity of products, work experience, and incentive payments based on a linear model of multiple regression on the main components. In this paper, several methods are utilized, including the classical least squares method, variation inflation factor, principal component method. It is expected with theoretical representations that the labor intensity of products reduces the efficiency of employee remuneration, the experience and incentive payments in the General Fund of remuneration positively contribute to the increase in the efficiency of employee remuneration. The expediency of applying linear regression to the main components for measuring internal corporate factors of the employee remuneration system is shown since the linear model of multiple regression can give incorrect estimates due to collinear regressors. A methodological way to modeling employee remuneration effectiveness based on a regression on individual determinants of the motivation and remuneration system has been developed. The developed methodological means to modeling employee remuneration effectiveness has been tested on a poultry enterprise's data for the period from January 2015 to March 2020. The article's main conclusions can be used in the scientific and practical activities of agricultural enterprises in measuring and evaluating the effectiveness of using financial resources to pay.

Legal Implications of Authority Over the Merger of Port Soes Reviewed from the Create Work

“…Legal action taken by one or more companies to merge with another existing company which results in the transfer of assets and liabilities of the merging company, due to legal action against the company that accepts the merger and subsequently the legal entity status of the merging company ends by law also known as a merger. (Sungatullina, Kadochnikova, and Faizrahmanova 2020) This happened in PT Pelabuhan Indonesia (Persero), where port companies at Pelindo I, Pelindo II, Pelindo III and Pelindo IV which emphasized the trade aspect of goods and services have brought a paradigm shift in the regulation of authority over the merger of State-Owned Enterprises (BUMN). Ports, especially in the regulation of Limited Liability Companies and the Job Creation Act.…”