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Local state-owned property on behalf of the Remuneration System Change and Development Path

Author: ZhaoSiJue
Tutor: LiJing
School: Jilin University
Course: Administration
Keywords: Local state-invested enterprises On behalf of state-owned property Remuneration system
CLC: F272.92
Type: Master's thesis
Year: 2011
Downloads: 39
Quote: 0
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Abstract

Local state-funded enterprises are a dominant force in the local economy, and business managers is to promote the survival and development of the key factors, and ensure business continuity, rapid and healthy development of the key strength. At the local state-funded enterprises, state-owned property is representative of the general decision-makers and senior managers of enterprises, the ability to maximize their enthusiasm and creativity will directly affect the state capital value maximization goals. Therefore, the local state-owned property on behalf of its remuneration theoretical research and practical exploration, and social theorists have been the focus of attention. However, so far, the local state-owned property on behalf of the concept of theory and practical circles are not clearly defined, and its generation mechanism, identity, background, role function and other aspects of particularity, its remuneration is more complicated. Since the level of local economic development, income distribution policy, state-owned assets supervision and management system and other differences, on behalf of state-owned property around the remuneration system mode are not consistent, pay levels and incentive and restraint mechanisms there are also differences. But in general, the existing state-owned property on behalf of local businesses pay system strategic compensation system prevails choose to deviate from the objective of maximizing the value of state-owned capital, compensation management scope is not comprehensive, remuneration measurement basis is not clear, the salary structure is irrational, performance appraisal unscientific, supervision and restraint is not in place, as well as pay the pricing process and implementation of the results did not fully reflect the efficiency, equity, legal and ethical requirements of the general principles and other issues. Therefore, how to effectively analyze and solve local businesses pay issues on behalf of state-owned property is a more urgent issue to study how to create a fair, reasonable, objective and transparent local businesses pay on behalf of state-owned property formation mechanism is of great significance. Therefore, this article attempts to representatives from local state-owned property changes and Analysis remuneration system start, the focus on the remuneration system to study the problem and will be extended to the general case of exceptional circumstances in order to draw conclusions on the universal significance. Papers with local state-owned property on behalf of the special role of the starting point for the study, from the local state-invested enterprises special agency relationship departure, the use of the basic theory of public management, new institutional economics theories, through the local representative of state-owned property Study of the Transition pay system reached a relatively centralized system of state-owned assets supervision and administration on behalf of state-owned property to help local businesses pay systems improve and enhance the effectiveness of incentive pay conclusions. Zhuhai City and other places and then relying on empirical case studies, focusing on the state-owned property on behalf of the workers gradually widening income gap, monetary compensation executive pay than other ownership enterprises is relatively low, other correlations generally not included in total remuneration in return control carried out Investigation and analysis. After the conclusion, on behalf of the local state-owned property in the internal consistency is pay the initial pricing is unfair, compensation management on behalf of some state-owned property rights exist \reflect the priority to efficiency, taking into account the principle of fairness; state-owned property on behalf of executive remuneration results deviate from the objective of maximizing the value of state-owned assets. And through the establishment of a relatively centralized state-owned assets supervision and management system, improve the system of external oversight bodies of Supervision, the process of determining adequate remuneration disclosure of information; reasonably determine business performance for different positions on behalf of state-owned property compensation degree of influence; fully assessed other related rewards In total remuneration weights; powerful serve to enhance supervision and restraint system better incentive effect, state-owned assets to improve operational efficiency, optimize resource allocation role.

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