Problems of salaries management in oil and gas companies

• Published in: Economy of Region
• Main Author: Olga Gennad'evna Kolosova
• Format: Article in Journal/Newspaper
• Language: English; Russian
• Published: Russian Academy of Sciences, Institute of Economics of the Ural Branch 2011
• Subjects: organization of the management process; aggregate productivity; social partnership; oil and gas complex; industry agreement; wages; labour market; vertically integrated companies; Regional economics. Space in economics; HT388; khanty
• Online Access: https://doi.org/10.17059/2011-3-18; https://doaj.org/article/1008c81c470f41738fe50374c4e1be81

Basing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals the possibilities of further improvement of the remuneration organization. Innovative development of remuneration systems involves a complex process of selecting management tools to achieve performance targets and implementing business strategies. A study of the most upfront human resources and staff practices in the Russian oil and gas sector has allowed the author to formulate approaches to building effective systems of remuneration. The suggestions described in this paper coordinate the interests of employers and employees. At the same time, they increase efficiency and job satisfaction through raising personal responsibility, which will gain the effectiveness of incentives for oil and gas companies.