Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

For citation:

Levanova L. N. Features of Motivation of Top-managers in Russia. Journal Izvestiya of Saratov University. Economics. Management. Law, 2017, vol. 17, iss. 1, pp. 50-55. DOI: 10.18500/1994-2540-2017-17-1-50-55

This is an open access article distributed under the terms of Creative Commons Attribution 4.0 International License (CC-BY 4.0).
Full text PDF(Ru):
Article type: 

Features of Motivation of Top-managers in Russia

Levanova Lidiya Nikolaevna, Saratov State University

Introduction. Top-managers – senior management, including its CEO, the Deputy Directors and the directions of work. On the topmanagers of the company, which are a key element of corporate governance rests with the achievement of the goals, objectives, implementation at the operational level of policy and strategy company, developed in conjunction with the Board of Directors, which implies a sufficient level of responsibility in the company. Accordingly, it must be designed incentive system of senior executives, which will provide not only the retention of data of persons in the company, but also to shape their personal involvement with the business, which they run. Theoretical analysis. On the basis of the Corporate Governance Code The analysis of motivation system of senior executives in a number of domestic companies. The analysis examined the short-term and long-term compensation program managers, revealed the basic laws of their formation, shortcomings and positive traits. Results. Analysis of the systems of motivation of senior management in Russian companies has allowed to formulate recommendations on ways to improve them, namely, the introduction of non-financial motivation system, the definition of psychological type top-manager, the use of «deferred payment» system and the «social card», an individual Balanced Scorecard (PBSC – Personnel Balance Score Card) Hubert Rampersad.

  1. Novyi Kodeks korporativnogo upravleniia: rekomendatsii prevraschaiutsia v imperativ (The new Code of Corporate Governance: Recommendations become an imperative). Аvailable at: http://rcca.com.ru/news/news1.shtml?id=363&grid=3 (accessed 15 October 2015) (in Russian).
  2. Godovoi otchet PAO ANK «Bashneft’» (Annual report of the ANC «Bashneft»). Аvailable at: http://www.bashneft.ru/files/iblock/82a/Bashneft%20Annual%20Report%202014_rus.pdf (accessed 16 December 2015) (in Russian).
  3. Kuznecov M. E., Fedorov O. R., Miheev A. A. Dolgosrochnaia motivatsiia chlenov organov upravleniia v kompaniiakh s gosudarstvennym uchastiem [The longterm motivation of the members of the management bodies in companies with state participation]. Aktsionernoe obschestvo: voprosy korporativnogo upravleniia [Joint stock company: corporate governance issues], 2015, no. 9, pp. 60‒75 (in Russian).
  4. Godovoi otchet OAO AFK «Sistema» (Annual Report AFK System). Аvailable at: http://www.sistema.ru/investoram-i-akcioneram/prezentacii-i-godovye-otchety/ (accessed 11 February 2016) (in Russian).
  5. Kal’nickaia P. Voznagrazhdenie chlenov sovetov direktorov (Remuneration of board members). Spravochnik po upravleniiu personalom (Handbook of Personnel Management), 2011, no. 4. Аvailable at: http://www.mcfr.ru/journals/84/250/44014/44019/ (accessed 11 February 2015) (in Russian).
  6. Baboshko D. Yu. Upravlenie biznesom radi maksimizatsii stoimosti [Russian Entrepreneurship for maximizing value]. Rossiiskoe predprinimatel’stvo [Business management], 2009, no. 8, iss. 11, pp. 63‒68 (in Russian).
  7. Belikov I. V. Sovet direktorov – kliuchevoi resurs effektivnosti i ustoichivosti kompanii [Board of Directors ‒ a key resource effi ciency and sustainability of the company]. Aktsionernoe obschestvo: voprosy korporativnogo upravleniia [Joint stock company: corporate governance issues], 2014, no. 1, pp. 56‒61 (in Russian).
  8. Teplova T. Utrom stul’ia – vecherom den’gi. Programmy otsrochennykh vyplat [The heat in the morning stools ‒ money in the evening. Programs deferred payments]. Cpravochnik po upravleniiu personalom [Handbook of Personnel Management], 2006, no. 4, pp. 43‒48 (in Russian).
  9. Dolzhenko R. A. Innovatsionnye formy ispol’zovaniia sotsial’nogo paketa v organizatsii (na materialakh Banka VTB) [Innovative use of the social package in the organization (at VTB materials)]. Izvestiia Altaiskogo gosudarstvennogo universiteta [News of Altai State University], 2014, vol. 2, no. 2, pp. 308‒311 (in Russian).
  10. Martirosjan L. Sviazyvaem ustremleniia rabotnikov s tseliami kompanii, ili Sekrety motivatsii ot doktora Rampersada [Tying the aspirations of employees with company goals, or the motivation of the secrets of Dr. Rampersad]. Kadrovoe delo [Recruitment business], 2009, no. 8, pp. 76‒81 (in Russian).