The relationship between performance management and compensation management in large companies in the Republic of Croatia

U suvremenim poduzećima jedan je od glavnih izazova pronaći način kako motivirati i zadržati kvalitetne zaposlenike. Kako bi se u tome uistinu i uspjelo, poduzeća kontinuirano prate radnu uspješnost zaposlenika, a na temelju toga uvode i primjenjuju određene elemente sustava nagrađivanja. Glavni cilj ovog rada je istražiti sustav upravljanja radnom uspješnošću i koncept kompenzacijskog menadžmenta te njihov odnos u velikim poduzećima u Republici Hrvatskoj. U tu svrhu je provedeno anketno istraživanje na uzorku zaposlenika u velikim poduzećima u Republici Hrvatskoj. Nalazi istraživanja ukazuju na relevantnost i potrebu za daljnjim kontinuiranim razvojem i povezivanjem sustava praćenja radne uspješnosti i kompenzacijskog menadžmenta u poduzećima.In modern companies, one of the main challenges is finding a way to motivate and retain quality employees. In order to truly achieve this goal, companies continuously monitor employees’ work performance and, on that basis, introduce and apply certain elements of a reward system. The main objective of this paper is to explore the performance management system and the concept of compensation management and ultimately their relationship in large companies in the Republic of Croatia. For this purpose, a survey was conducted on the sample of employees in large companies in the Republic of Croatia. The findings of the research imply the relevance and requisite for further continuous development and integration of a performance management system and compensation management in companies