PAY FOR WORK IN THE CONTEXT OF THE PANDEMIC AND THE GLOBAL ECONOMIC CRISIS

Abstract

This article explores compensatory approaches in the context of changing global markets. Changes in the views of employers and employees on wages are taken into account. It examines measures taken by employers to optimize wage costs, including the introduction of part-time work, accounting for employee leave and downtime. It takes into account the change in the motivational role of various elements of remuneration (wages, allowances and allowances, allowances, long-term compensation, benefits) during the period of instability and economic downturn. The strengthening of the role of the basic wage in relation to the safety requirements of employees is analyzed. The article considers the increase in employee loyalty to employers and their willingness to take on obligations (including wage reduction) in the context of the development of a remote regional labor market and the growth of unemployment. Possible approaches to short-term remuneration are presented, including the use of a single incentive as an alternative to conventional bonuses. The factors that negatively affect the decision to introduce long-term remuneration are considered. These approaches will allow employers in various sectors to respond flexibly to changes that have occurred during the crisis, in order to maintain their competitiveness