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An Operational Model To Analyze The Evolution Of Wage Bill For Smes In Romania

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  • Anca Antoaneta Varzaru

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Through the large share in the volume of personnel expenses amount, the management of wage bill ensures proper knowledge of all these expenses, which are followed by financial managers, budget management controllers (they consider key variable control costs and performance) and human resources managers (because it expresses the results of remuneration policy). The important role of remuneration in motivating staff confers to wage bill a status of decisive factor in improving performance. Promotion activities, providing bonuses, transformation of remuneration systems to develop performance is expressed in the wage bill by handling which pass all the manipulation actions to improve enterprise competitiveness. Based on literature studies and their application within SMEs from South-West Development Region Oltenia, our paper proposes an operational model to analyze the evolution of wage bill on each of its factors of influence. This model is used both in the preparation of wage bill budget, but also in the analysis phase of its overall performance or at the level of its expenditures centers.

Suggested Citation

  • Anca Antoaneta Varzaru, 2012. "An Operational Model To Analyze The Evolution Of Wage Bill For Smes In Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(40), pages 129-136.
    • Handle: RePEc:aio:aucsse:v:2:y:2012:i:40:p:129-136
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    File URL: http://feaa.ucv.ro/AUCSSE/0040v2-014.pdf
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    References listed on IDEAS

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    1. Robert Simons, 1988. "Analysis of the organizational characteristics related to tight budget goals," Contemporary Accounting Research, John Wiley & Sons, vol. 5(1), pages 267-283, September.
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    More about this item

    Keywords

    wage bill; personnel expenses; remuneration; performance; Noria effect;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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