Function-based salary design

Author: Rao Zheng et al.
Publisher:
Publish Date: 2003-02-01
Features: This book presents a salary management system developed by consultants of Hejunn Venture Research and Consulting Co., Ltd. through long-term management consulting practice. The Functional Salary System is a mechanism and method for allocating employee salaries, bonuses, and benefits based on the competency framework and salary point system, with a focus on enhancing employees' professional capabilities, and guided by responsibility assumption and performance outcomes. The main contents of the book include: Basic Issues of Compensation, Compensation System—Position-Based or Competency-Based, Functional Salary Design Methods, and Functional Salary Design Cases. The book systematically elaborates on the principles and methods of functional salary design, as well as how to leverage the allocation adjustment techniques within the functional salary system to adjust the interests of various employees according to corporate strategic requirements. It also discusses how to use the various payment forms of functional salary to motivate employees' enthusiasm and ability development. Additionally, it provides detailed explanations 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 primarily human resource management professionals, management consultants, and researchers in HR theory, as well as management faculty in universities and colleges, senior undergraduate students, graduate students, and MBA students. It can also serve as a training manual for corporate management personnel.