MONETARY AND NONMONETARY INCENTIVE MEASURES: WHICH WORK BETTER IN THE CZECH BETTING FIRM?
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In this paper the author examines the interrelation between monetary and nonmonetary incentive measures and the performance of a betting firm in the Czech Republic. Previous studies have focused either solely on monetary measures in order to examine the positive and adverse monetary incentive effects or on measuring the effect of certain nonmonetary managerial objectives and often on the level of top managers. He argues that the monetary and nonmonetary incentive measures should be analysed separately as they influence the final outcome in a methodologically different way and that the analysis on lower level of organization can bring more reliable data. The evidence from unique set of medium term data from the Czech betting firm shows the possible positive effect of increased wage variability on its performance while the effect of trainings and nonmonetary rewards were proven as insignificant.
783 – 801
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