Competitiveness assessment of the reward policy: a case study

Abstract
Competitive wage policy is considered as the main tool for solving the problem of attracting, retaining and promoting qualified personnel, which is relevant for domestic organizations. The article defines the main stages and purposes of evaluation of the competitiveness of the wage policy. The authors studied the use of an estimation of the wage policy competitiveness by the Russian organizations and identified practical need for and methods of assessing the competitiveness of the wage policy. Objective and subjective factors influencing the direction of the wage policy are identified, as well as the trends in wages under the influence of the crisis conditions. The main indicators of mobility and personnel turnover, the average wage in the Irkutsk region are considered. The description of the external conditions of functioning of the organizations in the Irkutsk region is presented.

Keywords
wages, wage policy, competitiveness assessment, methods of competitiveness assessment, competitiveness assessment of the wage policy, competition in the labour market



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