Implementation of Foreign Experience in Employee Motivation into the Activity of Ukrainian Enterprises
Kyfyak V. I., Todoriko I. M.

Kyfyak, Viktoriia I., and Todoriko, Iryna M. (2021) “Implementation of Foreign Experience in Employee Motivation into the Activity of Ukrainian Enterprises.” The Problems of Economy 1:72–77.
https://doi.org/10.32983/2222-0712-2021-1-72-77

Section: Economics and Enterprise Management

UDC 331.1

Abstract:
The actual value of the issue in question lies in the new challenges present in the labor market and the transformation of public relations in connection with COVID-19, making it necessary to reconsider the mechanism of employee motivation, i.e. using the latest instruments for the utilization and management of labor resources. We believe that reasonable implementation of effective employee motivation instruments, developed by successful enterprises, will lead to highly productive work of employees at enterprises and increase the efficiency of human resources utilization. The article aims at analyzing the motivational models of the leading countries and to form the principles of implementing their experience in the business practice of Ukrainian enterprises. The research results in identifying popular instruments used abroad, which are most effective in the current situation in Ukraine, namely: motivating employees to innovative activity by evaluating the results obtained; employees involvement in the management, strategic planning and distribution of corporate profits; flexibility and social dimension of salaries and wages; scoring and rating employees’ performance; encouraging competition and teamwork. The principles of introducing an effective employee motivation model based on foreign experience are formed. It is concluded that if Ukrainian enterprises use employees’ motivation instruments that have proved their effectiveness abroad, then, if used systematically and holistically, they will bring economic growth to the enterprises and social development to the country, in general.

Keywords: enterprise, employees’ motivation, incentives, motivational model, salaries and wages, staff.

Bibl.: 13.

Kyfyak Viktoriia I. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business and Human Resource Management, Yuriy Fedkovych Chernivtsi National University (2 Kotsiubynskyi Str., Chernivtsi, 58012, Ukraine)
Email: v.kyfyak@chnu.edu.ua
Todoriko Iryna M. – Student, Yuriy Fedkovych Chernivtsi National University (2 Kotsiubynskyi Str., Chernivtsi, 58012, Ukraine)
Email: todoriko.iryna@chnu.edu.ua

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