X Company Compensation System Redesign

Compensation system is the key part of human resource management.A reasonable and effective compensation system can arouse the staff's enthusiasm and the creation,Thereby improving enterprise's capability of competition and continuable development.Compensation system is the guide of the staff's personal action and the resource of the job motivation,therfore,which is also the key to determine the effective inspiration.So,compensation system effect and constrain the enterprise's business management.How to redesign and formulate a compensation system that complies with the development of the market economy,how to acquire the advantage in the increasingly hot competition for talents,and meet the needs of the enterprise's strategy and developments is an important task that faces enterprises especially the state-owned enterprises.In this article,we'll take X Construction Group,a typical state-owned enterprise, as an example.By the ways of information collecting,questionnaires and so on,we find and analyze some problems and deficiencies of compensation system existed in the company.Based on the compensation management theories and the practical situation of X group,we redesigned a new compensation system for X Group.We hope the thesis may be helpful for X Group's compensation management and the construction enterprises.