How Salaries Influence on Labour Productivity?
Kateryna Kuznietsova, School of Management Studies, Yangtze University, Jingzhou City, China.
Manuscript received on March 26, 2018. | Revised Manuscript received on April 09, 2018. | Manuscript published on April 15, 2018. | PP: 1-5 | Volume-3 Issue-2, April 2018. | Retrieval Number: B0174043218
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The purpose of this paper is to cover the issue of relationship between salaries and labour productivity and consider the possible positive effect of salary rise on the labour productivity levels. High productivity is the basic of stable economical growth, but in the recent years economies of many countries experienced decrease in its levels. In conditions of economical crisis it becomes clear that the rise of labour productivity is necessary condition in process of restoring and successful continuation of economical growth, which leads to necessity of deeper research of mechanisms which could enhance labour productivity. According to the aim the article analyses the relationship between average wages and labour productivity indicators on the example of four countries from different regions and of different level of economical development during 2012 – 2016, an attempt to evaluate the strength of links using correlation coefficient is made. As a result, conclusions about positive and negative relationship between significatives were made and recommendations on using obtained correlations were given.
Keywords: Labour Productivity, Labour Cost, The Relationship Between Indicators, Salaries.