Baq Company Remuneration System

Nowadays, under the trend of economic globalization, the circulation of the main economic factors enjoys more and more freedom. Human resources, as one of the main factors, also tend to circulate more frequently. How to draw on, preserve, and encourage talented persons, has already become the biggest problem faced by the enterprises all over the world. In the vehement market competition, the talented person is one of the key main factors that guarantee the enterprises' success.Among the development and management of human resources, the salary management is an. important content. Whether the salary system is scientific and reasonable and whether it makes the employees satisfied has direct influence on the labor efficiency and the productions rate; and furthermore affects enterprises to realize their strategic target. Therefore, at present the business enterprises of the whole world have all attached much importance to the design of the salary system. The thesis takes the salary system of BAQ, one of the world top 500 companies, as the research object. The author starts from analyzing the background of BAQ and then elaborates its conditions before the salary system was restructured, pointing out the advantages and disadvantages among it. The thesis has made an in-depth analysis, elaboration and deduction of BAQ's new innovative salary system, including the design principle, influence factors, design procedure, category choice, and the establishment of the innovative system. In the final part the author proposes an amendment scheme for the existing system by evaluating and analyzing its application. This article has brought forth the advanced concepts about salary management and the management methods with international standard for enterprises managers, career managers and salary administrators. It also helps the human resources managers to open minds and break through the habitual thinking method; provides an excellent module for domestic enterprises to evaluate, ameliorate and improve the design of salary system; and consequently lays a good foundation for talented persons development.Furthermore, the author hopes to contribute her own bit to make more and more Chinese brands worldwide known and to invigorate Chinese enterprises. The authorsincerely hopes that more and more Chinese enterprises can think globally and tend toward the world.