The Optimal Design For ABC Bank’s Private Bank Wealth Adviser Remuneration Management System

In the environment of global economic integration, as the main force of China’s financial sector, commercial banks face more intense competition. In there, owing to historical, institutional and other reasons, the state-owned commercial banks lack of management of human resources. So it should be targeted for reform and improvement. Meanwhile, with the accumulation of social wealth, and wealth management to enter the Chinese private banking business in China has a huge space for development, and actively explore the development of private banking has great significance for the development of China’s financial industry and the economy as a whole. Outstanding wealth advisers,who bring banks stable, loyal customer flow, will provide private banking much-needed talent, stability. Therefore, for the increasingly competitive but are crippled state-owned commercial banks, it is crucial to establish an effective management system for wealth advisers pay for the bank to attract, retain and motivate professionals. and for the bank building and maintaining core competitive, successful implementation of the strategy according to their actual situation.This article is through over compensation management theory and commercial banking private banking developments, ABC Bank is a state-owned commercial banks to analyze their positions reform and pay reform implemented in recent years, through interviews with ABC Bank wealth advisers survey, analysis and evaluation of the status of the ABC Bank private Banking wealth Advisers remuneration management, come to save the salary management system deficiencies and defects, and put forward a new design concept of private banking wealth adviser compensation management. Combination of existing state-owned commercial banks in private banking development, compensation management system design, setting goals based on the development of strategic and operational plans of the state-owned banks, and the unity of the Bank’s long-term interests and sound risk management principles, the use of the design theory based on the ability to pay, determined mainly based wealth advisory capacity and ability, performance, position, supplemented by the trinity of remuneration design concept as a basis for design optimization of the private banking wealth adviser remuneration system. I hope this article initiate the development of the private banking business in the future, contribute to a wealth advisers talent stable increase in the rate as a consultant in the private banking wealth of state-owned banks.