Guizhou High-strength Fasteners Company Pay System Design

Management of salary has taken an important part in administration of enterprises gradually. Effective salary system can attract person , encourage them, realize value of themselves and make maximum benefit for the enterprise. What is management of salary for personnel ? It is a way to give determination, distribution and adjustment for paying standard, providing level and essence result for staff ' s salary that is from their management. Personnel is the key for modern enterprise management of salary. For the enterprise, the first is to establish the managerial goal . To realize organization goal , it depends on the encouragement for staff , and encouragement of salary is the best important way for it.Guizhou high strength fastener company is one of several state enterprises that still have normal run in the competitive engineering industry from begin to now. This trade has broad developing prospects . In recent years, it has been made considerable developments in technology and quality of products. Its trade structure has been changed from simple state enterprise to several economic forms , for example, foreign capital enterprise , local enterprise besides state enterprise. Guizhou high strength fastener company depends on its famous brand, technology, quality, equipment and takes a lead place in whole country. Its products get reputation and obtain the famous brand products in Guizhou province. But in recent years, this enterprise has lost their advantages in the competitive trade gradually. Besides this company is inferior in system of organization, fund, means of management ,etc, it has to face with problems such as unreasoning system of salary and structure, serious equalitarianism, lacking adjustment in salary system, lacking encouragement for staff with long—term and so on . These factors cause staffs with low initiative, low productivity, losing outstanding personnel, this is an important factor of losing competition.This essay begins with these problems, explains conception ,essence and structure of salary, function and classification of salary, theory basis , design principle and procedure of salary. According to staff ' s work properties and characters, this essay classifies staffs of Guizhou high strength fastener company into basic level managerial personnel, middle-high level managerial personnel, technical personnel, salesman and ordinary personnel, uses relative principle of management and provides reasonable salary design individually . It also supplies solutions to solve the salary problem of this company and looks forward to getting virtuous circle of salary management in the enterprise, attracting and remaining excellent personnel, encouraging staff to display more initiative, raising productivity and creating new glory for the enterprise.The creative point of this essay is that it analyses existing problems and designs salary system according to management.