An organizational model of staff remuneration in the financial management system

Subject. This article discusses the issues related to staff remuneration in the financial management system. Objectives. The article aims to develop a model for organizing staff remuneration in the financial management system. Methods. For the study, we used analysis and synthesis, modeling, and the systems approach. Results. The article proposes an original organizational model of staff remuneration in the financial management system, taking into account the specifics of generating information for the management of financial resources allocated for total remuneration. It also presents a scheme for decomposing the company's strategic goal to the level of strategic objectives in the field of remuneration. Conclusions. The organization of staff remuneration involves the consistent interaction of the processes of agreeing on the goals and objectives of an economic entity, the formation of a remuneration policy, the definition of remuneration management tools, the implementation of the remuneration system, as well as the formation of management reporting in the field of remuneration. Particular attention should be paid to the implementation of the staff remuneration system through such management functions as planning (budgeting), rationing, management accounting, analysis, and control.