Compensation and Benefits Management

Author: Zhou Wen Huang Baoming Fang Haofan
Publisher:
Publish Date: 2005-08-01
Features: Whether you are a manager or an employee in the Human Resources Department, you will encounter the following issue: Just because the company regularly increases salaries or benefits every year, it does not necessarily lead to better employee engagement. In human resource development and management, compensation and benefits management is an important component. Whether the compensation system is scientific and reasonable, and whether the benefits provided to employees meet their satisfaction, not only concerns the personal interests of employees but also directly affects the efficiency of human resources and labor productivity in the enterprise, thereby further impacting the achievement of the company's strategic goals. Therefore, almost all enterprises pay great attention to the design of the compensation and benefits system. Despite this, we still hear many complaints about compensation and benefits, and the satisfaction of employees with their compensation and benefits has not reached the level expected by the company. In this book, from the perspective of professional consultants, we will first start with the employee motivation theory of the compensation system, and then gradually explore aspects such as the design of the compensation system, compensation management, labor-management relations management, and benefits management. We will also combine cases from our experience in management consulting and practical operations to delve into the essence of compensation and benefits, with the hope of providing new insights and solutions for our human resource managers to resolve compensation challenges.