Headings of the journal
"Economics and Management"

Annotation: Retention is one of the key fundamentals that are necessary for organizational success. In a globalized environment, retention and engagement of high prospective employees are a huge challenge to International corporations. In many cases, even engaged employees are sometimes dissatisfied with the outcomes of organizational performance which may lead them to look elsewhere. Due to these reasons, this paper investigates compensation factors and policies that influence employee retention and examines their impacts on both International Corporations and employees. For the purpose of this study primary data was used. The ex-post facto method was employed. The population consists of the members of staff of Guinness International PLC Plant, Lagos Nigeria. Yamane formula was adopted to determine the sample size. The data was analyzed using manual and electronic based methods through the data preparation grid and statistical package for the social sciences, (SPSS). Linear regression analysis method which also makes use of ANOVA was employed to test the hypothesis. The study found out that salary in compensation policy have effect on employee job security and also allowance affect job satisfaction Thus, the study recommends that International Corporations should identify those benefits which have more influence on employee retention. Furthermore, International Corporations need to revisit their present benefits package to identify those benefits which are not useful in order to replace them.

Annotation: The purpose of the article is to prove that intellectual capital can hypothetically be one of the forms of human capital, which is always a function of the person himself as a system integrity. The methodological quality of the research is based on the use of the creative potential of paired categories of dialectics, a systematic approach to the consideration of human capital. The scientific novelty of the proposed conclusions lies; first, in the specification of the cognitive nature of human capital as a factor of production; second, in the characterization of the qualitative integrity of human capital, in which the phenomenon of “human” should be considered as priority, in relation to the phenomenon of “capital”; third, in proving that the objective increase in the complexity of modern economic processes is a systemic condition for the emergence of new forms of human capital, among which the appearance of its “intellectual” quality is possible. The scientific and practical significance of the provisions of the article is to concretize the subject “field” of further discussion related to the study of intellectual capital in the modern economy.

Annotation: The article presents a brief analysis of new types of macroeconomic indicators that are directly related to the level of consumption. Calculations were made and official and unofficial data on the “Big Mac index”, “Borscht set index”, “Olivier index” were presented. А new version of the calculation of existing indices is proposed, a new system for a comprehensive assessment of inflation, incomes and living standards of the population of Russia based on a differentiated approach to different groups of the population.

Annotation: The aim of the article is to study the role of development and identify the main directions of solutions to environmental and technical problems of the Northern Sea Route in the economic activity of the Russian Federation. The article reveals the main strategic ways to promote international cooperation and highly efficient provision of national, regional economy and foreign economic activity. The article analyzes the development of the Arctic transport system, which will not only meet the needs of cargo transportation within the country, but also form a transit corridor between countries. The project of the transport system of the Northern Sea Route (hereinafter the NSR) development and its implementation, which has important geopolitical and economic importance for our country, is studied in detail. Since Russia has access to 3 oceans and 12 seas, thus connecting our country with many countries of the world, and due to the growth trend of international container shipping, there is a need to improve the technology of cargo transportation. The actual problems connected with realization of transit potential, with complicated ice conditions, shallow waters and insufficiency in hydrographic survey of the seabed structure, which do not allow the vessels to move along any routes convenient for them, are considered. The article concludes that the problems of the Northern Sea Route require new, technological solutions to reduce risks and increase the effectiveness of the NSR.

Annotation: The author analyzes the main economic approaches to measuring corruption in her study. The relevance of the topic is due to the fact that one of the threats to economic security is still the criminalization of society, including existing corruption ties. The main purpose of the study is to analyze the main economic approaches to measuring corruption in the system of economic security. The object of the study was the existing economic approaches to measuring and evaluating the corruption of foreign scientists-economists. Corruption was defined through four categories: public administration, government revenue, and human development. This led to the conclusion that the unifying feature and the main cause of corruption is the satisfaction of “selfish interest” and the derivation of benefits. The study of various economic approaches to measuring corruption led the author to the conclusion that it is necessary to create such a model of anti-corruption monitoring in the regions, which would identify the areas most susceptible to corruption.