The Art of Payroll Payment (Revised Edition)

Author: Zheng Daqi Wang Yanfang
Publisher:
Publish Date: 2005-06-01
Features: Comprehensive introduction to classic cases of successful company compensation, providing practical tips and solutions for compensation challenges! The same compensation system, when combined with different cultural contexts, language arts, environmental arts, and differentiation arts, can make compensation act like an "invisible hand," guiding your employees to sing a harmonious team song. From the employee's perspective, compensation is the process by which employees obtain fulfillment from the company. Through compensation, employees desire not only a certain quantity, quality, and structure of pay but also a sense of fulfillment (including satisfaction of material interests, satisfaction of human dignity, satisfaction of self-actualization, and emotional fulfillment, etc.). Through this process, employees make evaluations and choices—evaluating themselves, the organization, and the company, choosing their behavior, their work status, and whether to continue staying with the company. Compensation can be considered one of the most important yet most challenging practical issues in human resource management. This book introduces the most commonly used practical techniques and operational methods through cases of compensation from successful companies both in China and abroad. The book focuses on the two core issues in compensation: "How to discover what employees truly want and what is truly effective" and "How to be small yet efficient." Through vivid cases and detailed analyses, it summarizes the patterns of compensation and provides advice tailored to the compensation practices of Chinese companies at different stages of development, in different regions, and with different management levels, ultimately achieving the goal of maximizing the effectiveness of compensation.