Study On Pay System Based On Human Capital Property Right

Along with the development of science and technology, knowledge economy arrives. Notthe financial or capital problem but human resource has been the most important thing thatmodern enterprises confront. Human capital plays a decisive role in economic development,and human capital of high quality become scarce resource. As an important mean to bringhuman value to play and create, pay has been critical and core content of human management.From the development trend of pay, in line with the human capital value is the direction ofpay theory. Initial pay system is based in post and later based in skill and performance. Recentyears, form of human capital participate in the distribution of surplus emerges. All of thesereflect on importance of human capital and encouragement of enhancing personalvalue. Constructing pay system based on human capital right can realize property of humancapital fight and improve stuff's enthusiasm to a large extent.This article first defined the human capital, its property right and pay. Analyzed pay-related theories such as human capital theory, efficiency wage theory and profit sharingtheory.Then recalled the evotion history of Chinese enterprises pay system. To deal with theproblems, put forward inevitability of human capital participating in surplus distribution. In thelatter part of this article, discussed how to measure the value of human capital, built paysystem based on human capital property fight, put forward human capital property wage whichis human capital's share in surplus enterprise distribution. It followed priciple of distribution bykey elements and truly realized the human capital property right. Finally, from both governmentsupport policy and enterprise system analyzed external environment and internal machnismthat needed by building pay system based on human capital property right.