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Human Resource Compensation In Time Of Crisis

Author

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  • Claudiu George BOCEAN

    (University of Craiova)

Abstract

Economic and financial crisis persists and is aggravated by poor rates of economic growth recorded in 2011 and 2012. Considerable decrease in production due to reduced exports and domestic demand compression generating new unemployment and lower earnings. This paper presents the impact of the crisis on average and minimum wages in the European Union and Euro zone. Using the International Monetary Fund (IMF) predictions on GDP, the paper tries to predict the future trends of wages in the European Union.

Suggested Citation

  • Claudiu George BOCEAN, 2012. "Human Resource Compensation In Time Of Crisis," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 285-292, November.
    • Handle: RePEc:aio:manmar:v:x:y:2012:i:2:p:285-292
    as

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    File URL: http://www.mnmk.ro/documents/2012-secondpart/8-29-2-12-FFF.pdf
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    References listed on IDEAS

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    1. Marchal, Sarah & Marx, Ive & Van Mechelen, Natascha, 2011. "Do Europe's Minimum Income Schemes Provide Adequate Shelter against the Economic Crisis and How, If at All, Have Governments Responded?," IZA Discussion Papers 6264, Institute of Labor Economics (IZA).
    2. Christopher A. Pissarides, 2009. "The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?," Econometrica, Econometric Society, vol. 77(5), pages 1339-1369, September.
    3. Mortensen, Dale & Pissarides, Christopher, 2011. "Job Creation and Job Destruction in the Theory of Unemployment," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 1-19.
    4. J. Bradford DeLong & Robert J. Waldmann, 1997. "Interpreting procyclical productivity: evidence from a cross-nation cross-industry panel," Economic Review, Federal Reserve Bank of San Francisco, pages 33-52.
    5. Herr, Hansjörg & Kazandziska, Milka & Mahnkopf-Praprotnik, Silke, 2009. "The theoretical debate about minimum wages," GLU Working Papers 6, Global Labour University (GLU).
    6. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    7. Valentina Vasile, 2009. "Minimum Wage Institution In The Financial And Economic Crisis. Policies And Practices.," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(11), pages 1-2.
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    Cited by:

    1. Cristian Stefanescu & Monica Logofatu, 2017. "Satisfaction Of Human Resources In Secondary Schools From Romanian Rural Areas," Eurasian Journal of Business and Management, Eurasian Publications, vol. 5(2), pages 1-10.

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    More about this item

    Keywords

    human resource; compensation; wages; Europe;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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