Management Studies in Development and Evolution

Identifying effective reference points in formulating compensation strategies for automotive industry managers

Document Type : Research Paper

Authors

hamed dehghanan 1
Mir Ali Seyyed Naghavi 2
Mohammad Taghi Taghavifard 3
Mahmoud Mahdi 4

1 Associate Professor, Department of Business Management, Allameh Tabataba`i University, Tehran, Iran

2 ATU

3 Professor, Allameh Tabataba’i University

4 Ph.D. Student in Business Management, Allameh Tabataba`i University, Tehran, Iran

https://doi.org/10.22054/jmsd.2024.78728.4452
Abstract
Designing service compensation strategies is one of the sensitive, complex and challenging issues in human resource management in recent decades. Its requirement is to achieve strategic reference points and the aim of the research is to identify the dimensions and components that influence on the compensation strategies of managers in the automotive industry. The research method is qualitative in nature and practical in terms of purpose. The number of participants based on saturation The opinion was determined by the managers of automobile companies with more than ten years of work experience in this industry, and the information was collected and analyzed through semi-structured interviews with 14 experts who were selected according to the researcher's judgment. The theme was used to analyze and interpret the data from the interview. The findings of this research include eight organizing themes of basic salary (fixed payment), special salary (variable payment), mixed payments, allowances (income in addition to salary), Short-term and long-term rewards, benefits (special managerial facilities), managerial knowledge and decision-making skills, and the ability to recognize issues and solve problems are effective reference points in compensation strategies for managers in the automobile industry.

Keywords

human resource management
strategic reference points
compensation strategy
managers
Subjects
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Management Studies in Development and Evolution
Volume 33, Issue 114
Winter 2025
Pages 1-32

  • Receive Date 09 March 2024
  • Revise Date 06 October 2024
  • Accept Date 28 September 2024

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