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The Analysis of Profit per Employee in the Trade of Serbia

Author

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  • Radojko LUKIC

    (Faculty of Economics, University of Belgrade, Serbia)

Abstract

It is well known that there is a special system of indicators for measuring efficiency, productivity and performance of trade adjusted to the very nature of business. As a part of it, the significance of profit per employee is stressed as a contemporary measure of trade performance. It is quite understandable considering the high share of labour force in trade and the possibility of its substitution with the modern technology. This work analyses the specifics and factors of the profit per employee dynamics in trade of Serbia and selective global retail chains, first of all - developed market economies. On the base of research results, we propose measures for increasing profit per employee in trade of Serbia in the future.

Suggested Citation

  • Radojko LUKIC, 2015. "The Analysis of Profit per Employee in the Trade of Serbia," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 18(1), pages 5-16, June.
    • Handle: RePEc:rom:econmn:v:18:y:2015:i:1:p:5-16
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    File URL: https://www.management.ase.ro/reveconomia/2015-1/1.pdf
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    References listed on IDEAS

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    1. Lichtenstein, Donald R. & Netemeyer, Richard G. & Maxham, James G., 2010. "The Relationships Among Manager-, Employee-, and Customer-Company Identification: Implications For Retail Store Financial Performance," Journal of Retailing, Elsevier, vol. 86(1), pages 85-93.
    2. Gauri, Dinesh K., 2013. "Benchmarking Retail Productivity Considering Retail Pricing and Format Strategy," Journal of Retailing, Elsevier, vol. 89(1), pages 1-14.
    3. Zeynep Ton, 2008. "The Effect of Labor on Profitability: The Role of Quality," Harvard Business School Working Papers 09-040, Harvard Business School, revised Jul 2009.
    4. Radojko LUKIC, 2014. "The Analysis of the Efficiency of Trade Costs Management in Serbia," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 195-209, December.
    5. Zeynep Ton & Robert S. Huckman, 2008. "Managing the Impact of Employee Turnover on Performance: The Role of Process Conformance," Organization Science, INFORMS, vol. 19(1), pages 56-68, February.
    6. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    7. Radojko LUKIC, 2012. "Sustainable Development of Retail in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 574-586, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Radojko LUKIC, 2016. "The Impact Of Financial Expenditure On The Performance Of Trade In Serbia," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(2), pages 38-53, June.
    2. Radojko LUKIC, 2016. "The Analysis of the Efficiency of Capital Investments in Trade of Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(1), pages 12-30, March.
    3. Radojko LUKIC, 2016. "Energy Efficiency In The Food Retail," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 16-35, March.
    4. Radojko LUKIC, 2016. "Analysis Of Energy Costs In Retail Trade," Management Research and Practice, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 8(4), pages 5-28, December.

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    More about this item

    Keywords

    revenue; profit; employees; average personnel costs; modern technology.;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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