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Compensation System Re-designing of Xiamen HE Company

Author: WeiZuo
Tutor: ChengWenWen
School: Xiamen University
Course: Business Administration
Keywords: Pay system Compensation design
CLC: F272.92
Type: Master's thesis
Year: 2007
Downloads: 85
Quote: 1
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Abstract


With the formation of the strategic position of the talent competition for resources in the enterprise competition through remuneration designed to attract , retain and motivate talented people is the fundamental objective of the remuneration system . Xiamen HE as a typical old state-owned enterprises , the old system impact , original salary system , job skills wage system as a starting point , but did not reasonably evaluate and distinguish between the post value , with the administrative level , qualification linked to lack of a manifestation of the importance of the value of different jobs . Lack of internal fairness , external to the lack of competitive ability the low qualifications core backbone difficult to obtain pay increases will feel extremely unfair in this pay system , coupled with the widening income gap Ji wage income post contributions and staff capacity is not closely linked to changes in the external pay levels , resulting in the loss of key personnel , has seriously hampered the development of the company . The paper first analyzes Xiamen HE company pay system status quo , to dissect the original remuneration system in the presence of the main problems subsequently combined company the actual need , from perfect to post for the foundation of the enterprise basic remuneration system as a starting point , re- company post conduct assessment to determine the value of posts to re-establish the positions of the wage system , in order to reflect the internal fairness . At the same time , the use of the salary survey methodology for payment of remuneration competitive enterprise similar positions on the market , to determine the pay levels of the enterprise to solve the problem of the external competitiveness of the remuneration system . Trying to explore the establishment of a fairer and more competitive and incentive pay system , to maximize performance pay .

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CLC: > Economic > Economic planning and management > Enterprise economy > Enterprise planning and management decision - making > Corporate Administration > Personnel Management
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