O. Machek’s study about employee compensation and job security in family firms published in JEEMS
Journal of East European Management Studies, which is published by the University of Regensburg, published a study entitled Employee Compensation and Job Security in Family Firms: Evidence from the Czech Republic. The results suggest that Czech family firms offer higher job security to their employees; however, it is compensated by a lower level of wages. The findings are in line with the existing research; family firms adopt a low-pay and high job security position. Generally, it seems that family firms offer to their employees more non-financial compensation than nonfamily firms.