Research on the Issues of Company A's Compensation Management and Proposed Solutions
DOI: 10.23977/jhrd.2024.060410 | Downloads: 25 | Views: 219
Author(s)
Mengyu Ni 1
Affiliation(s)
1 Business School, University of Shanghai for Science and Technology, Shanghai, China
Corresponding Author
Mengyu NiABSTRACT
With the rapid development of the market economy, human resource management has become increasingly important for enterprises. As one of its key functions, compensation management directly influences the efficiency and competitiveness of organizations. This paper takes Company A as the research subject, providing an overview of the company's profile and examining the current state of its compensation management. Through a questionnaire survey, several issues related to compensation management at Company A are identified, including the insufficient alignment between compensation management and employees' needs, the long-term goals of the company, and performance appraisal mechanisms. The paper then analyzes the underlying causes of these issues and proposes optimization strategies, such as refining the compensation structure, enhancing employee involvement in compensation management, and improving promotion channels. The aim is to improve employee satisfaction with their compensation, enhance the quality of compensation management, and foster the company's long-term development.
KEYWORDS
Compensation Management; Pay Satisfaction; Company ACITE THIS PAPER
Mengyu Ni, Research on the Issues of Company A's Compensation Management and Proposed Solutions. Journal of Human Resource Development (2024) Vol. 6: 66-75. DOI: http://dx.doi.org/10.23977/jhrd.2024.060410.
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