Analysis of experience in organizing labor remuneration in countries with developed market economies

Abstract

In the conditions of transition to market relations, when Russian economy is in an unstable condition, in our opinion, it is necessary to use all economic instruments which promote the increase of production efficiency at the country's enterprises. Labor stimulation in production is one of the most important tools. The study of experience of labour stimulation in the countries with developed market economy allows to reveal the best systems of labour remuneration, tested by time as well as possible pitfalls in the problem of labour stimulation in conditions of market relations. The article is devoted to the analysis of experience in labor stimulation and basic tendencies in labor remuneration abroad. The article considers the wage systems, the issues of linking wages to the quantity and quality of labor, as well as other aspects of incentives in countries with developed market economies (UK, France, Germany, USA, etc.). A special attention is paid to the wage rate system and the establishment of the minimum wage abroad. The experience of labor stimulation abroad, in our opinion, can and should be applied to labor relations in Russia.