THE IMPACT OF REMUNERATION ON CEO MOTIVATION: EMPIRICAL EVIDENCE FROM THE CZECH REPUBLIC

This article discusses the concept of the CEO's remuneration and its impact on employee motivation. This is the main prerequisite for employee satisfaction and increased loyalty to the company. This research paper provides basic theoretical knowledge in the field of remuneration and the latest research in this field in the era of digitization. The gradual rebound in industry 4.0 can also slightly vary the forms of rewards. The main aim of the article is to find the relation between the gross wage and the employee's motivation. Further dependence will be monitored between wage levels and life experience. The data for the empirical study were obtained in the Czech Republic in 2018 from a structured questionnaire survey. For this survey, 444 large manufacturing companies were approached and the questionnaire return rate was 16.89%, i.e. 75 respondents. The aim of the article is to identify and identify factors that influence the motivation of selected employees in the company - CEO. The generally existing assumption of dependence between the employee's wage and motivation will be supported by empirical evidence. The increasing wage of these workers may also be influenced by their life experiences, which the author will also try to verify and prove by empirical evidence. In the article, the author approaches the research holistically and seeks mutual relations. To verify the defined hypotheses is used Chi-square test, which demonstrated the relationship in both cases.