Function-based salary design

Author: Rao Zheng, Ouyang Hui
Publisher:
Publish Date: 2003-02-01
Features: This book presents a salary management system developed by consultants of Hejun Venture Research & Consulting Co., Ltd. through long-term management consulting practice. The functional salary system is based on the competency framework and salary point system, oriented towards employee career development, and allocates salaries, bonuses, and benefits based on responsibility and performance outcomes. The main content of this book includes: Basic issues of compensation, Compensation system—Position-based or competency-based; Functional salary design methods; Functional salary design cases. The book systematically elaborates on the principles and methods of functional salary design, as well as how to use the allocation adjustment techniques in the functional salary system to adjust the interests of various employees according to corporate strategic requirements. It also explains how to use various payment forms of functional salary to motivate employees' enthusiasm and performance. Additionally, it provides detailed descriptions of the basic structure of functional salary, as well as the payment forms of salaries, bonuses, and benefits. This book is suitable for various large and medium-sized enterprises, especially high-tech and rapidly growing companies, in salary management. The target readers are mainly human resource management professionals, management consultants, human resource theory researchers, management professionals in universities and colleges, senior undergraduate students, graduate students, and MBA students. It can also serve as a training textbook for corporate management personnel.