Analysis of human resource processes and their influence on bonuses and benefits

  • Sergio Manuel Madero Gómez
  • Humberto Peña Rivera

Abstract

Today, companies are more competitive, transforming their processes daily to improve, particularly in the development of strategies to impact upon their goals, especially in human talent. This research seeks to know the relevance of the many practices of human resource management (pay policies, job descriptions, job evaluation, pay structure, communication, etc.) in payment of bonuses and incentives to workers; however, the perception exists of the person relating success, motivation or the importance of income through work compensation, for which we identified in a sample of 335 subjects that indeed a relationship does exist among these variables; this was carried out through a model of structural equations, based on the Partial Least Squares, which confirms the relevance of human resource practices in compensation management, revealing a correlation of r(335)=0.72, p<0.001 with the bonds and benefits received by the worker.

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Published
2013-02-12
How to Cite
MADERO GÓMEZ, Sergio Manuel; PEÑA RIVERA, Humberto. Analysis of human resource processes and their influence on bonuses and benefits. Cuadernos de Administración, [S.l.], v. 28, n. 48, p. 25-36, feb. 2013. ISSN 2256-5078. Available at: <http://cuadernosdeadministracion.univalle.edu.co/index.php/cuadernos_de_administracion/article/view/453>. Date accessed: 26 apr. 2018. doi: https://doi.org/10.25100/cdea.v28i48.453.
Section
Research

Keywords

human resource management, compensation, bonuses, payment systems, incentive plans, motivation