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The Research On Compensation System Optimization Of N.J Health Club, A Small Beauty Company

Posted on:2014-04-18Degree:MasterType:Thesis
Country:ChinaCandidate:S ChenFull Text:PDF
GTID:2269330425471099Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Based on the research on compensation system theories,the best compensation system for all types of company does not exist.The thesis studied many compensation theories including the compensation strategy,the youth staff and women staff reward preference as well as the characteristics of beauty service industry.It concludes that a proper compensation system should be adapted with the developmental stage and strategy,the industry characteristics as well as the staff reward preference. Beauty service industry depends highly on the human resource,which compensation strategy should not only be regarded as the finance cost but also as a kind of strategy investment.The importance of the thesis is to optimize the compensation system of NJ Health Club in according with the development stage and the industry characteristics.Firstly,the thesis put forwards six principles of the compensation strategy,which includes the fairness principle,the incentive principle,the competition principle,the strategy orientation principle,the coordination principle and the economy principle.Secondly,the thesis is tring to establish a compensation risk management philosophy, paying attention to all aspects of system risk control.Thirdly,it tries to establish a performance compensation model mainly around corporate strategy, improving post design and performance assessment system, as well as enhancing operability.Fourthly, it is to simplify the compensation structure, reduce the risk of a fixed salary, enhance salary flexibility, strengthen the salary budget management, and establish a financial security for implementation of the welfare system.Finally,the thesis suggest to develop a market-leading pay level and improve the long-term incentive mechanism for core positions.This paper also discussed protection measures for this optimization,and implementation results and risks were predicted.
Keywords/Search Tags:Compensation system, Beauty service enterprise, Performancewage, Beautician
PDF Full Text Request
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