Factors impacting work remuneration in the context of social security protection in Latvia
2019
Mistre, B., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development | Zvaigzne, A., Rezekne Academy of Technologies (Latvia). Faculty of Economics and Management. Research Inst. for Business and Social Processes | Mazure, G., Latvia Univ. of Life Sciences and Technologies, Jelgava (Latvia). Faculty of Economics and Social Development
In recent years, more and more scientists and society have been discussing the competitiveness of work remuneration and social security, which has a significant impact on the well-being of local people. Every country has a social security system that largely depends on the social and economic situation as well as on the social policy implemented in the country. The research hypothesis: it is possible to identify and group factors impacting work remuneration in social protection. The research aim is to study the factors impacting work remuneration in the context of social protection in Latvia. The research results confirm that the factors influencing the level of wages may be divided into macroeconomic, microeconomic and personal individual factors. Low work remuneration indicates on lower welfare and social protection of the population. The research includes a population survey carried out in Latgale region, since the average monthly gross salary is lower in this region compared with the other statistical regions of Latvia. The population survey data show that the most important personal individual factors influencing work remuneration are the position held and the level of education. The workplaces in an international or local company as well as the length of service are other important factors. The lowest average rating of the population is given to other factors possibly impacting the level of work remuneration such as age, gender, health and marital status.
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