IMPROVING ECONOMIC INDICATORS AND METHODS FOR ASSESSING THE EFFECTIVENESS OF THE WAGE PAYMENT SYSTEM

Abstract

This study examines the issues of improving the economic indicators and methods used to assess the effectiveness of the wage payment system. Traditional and modern economic indicators applied in evaluating wage system performance are analyzed, and their strengths and limitations are identified. The research evaluates the impact of the wage payment system on labor productivity, employee motivation, cost efficiency, and the financial performance of enterprises. Based on improved assessment methods, new approaches to evaluating the effectiveness of wage payment systems are proposed. The findings contribute to optimizing wage management systems, enhancing labor productivity, and improving economic efficiency in enterprises and organizations.