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The role of benefits in employee motivation and retention in the financial sector of the Czech Republic

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  • Iveta Němečková

Abstract

This article deals with the role of benefits in employee motivation and retention in the financial sector of the Czech Republic. This discussion defines the basic theoretical background from the classical to the contemporary theories pertinent to this issue. Based on empirical research, supplemented by the roundtable method, this article determines the significance of the benefits for employee motivation and retention as one of many factors. It explores changes in employee preferences between years 2011 and 2013. In addition, it refers to the identified differences with regard to the respondents’ gender, education, age and job. Lastly, the article provides recommendations for business practice.

Suggested Citation

  • Iveta Němečková, 2017. "The role of benefits in employee motivation and retention in the financial sector of the Czech Republic," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 30(1), pages 694-704, January.
    • Handle: RePEc:taf:reroxx:v:30:y:2017:i:1:p:694-704
    DOI: 10.1080/1331677X.2017.1314827
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