PERFECTION OF REMUNERATION SYSTEM IN A CONSTRUCTION COMPANY

Subject of research: some aspects of perfection of remuneration system in a construction company. Purpose of work: to define modern problems of remuneration organization in construction industry to ground the directions of remuneration system perfection in construction companies and in the industry as a whole. Methodology of work. The work is done by means of analytical researches of the transition process to a market economy which may provide an improved remuneration system in the construction company. Results. We distinguished the features of remuneration system in construction industry and suggested the introduction of grading system to substantially increase the labor productivity providing an opportunity to define all-level compensation on the basis of comparison of relative cost of different work areas (positions) suitable for all workers of a company. Scope of the results: State and private management of a construction company. Results of the study can be introduced by the heads of construction companies to use these new methods of encouraging workers financially that will substantially reduce company's expenses and promote its efficiency. Conclusions. Construction industry is characterized by different building assembling works that demand a new effective remuneration system stimulating labor efficiency. A new approach to the remuneration system provides for the rejection of the traditional time-based or complexity-term systems; this approach is a system of grading. The introduction of a modern remuneration system in construction companies will provide an objective estimation of positions and stuff efficiency and, consequently, valid reward of employees, which is one of the main requirements for remuneration systems in market conditions and optimizes the wage fund.