Research On Compensation System Of Wfm Fashion.,LTD

As the wage system reformed, the establishment and improvement of the modern compensation management system has been gradually in all kinds of industrial and commercial enterprises, also made the results to attract people’s attention. But in twenty-first Century, the reform of compensation system of China’s enterprises are facing new opportunities and challenges, especially in the clothing industry.Most enterprises have not yet set up the compensation idea of modern enterprises, compensation system is relatively single, unreasonable structure, lack of incentive effect, already can not adapt to the requirement of modern enterprise management. Thus it can be seen that, incentive compensation has attracted widespread attention, has gradually become a trend of incentive compensation system, it has an important practical significance of current research and incentive compensation.At present, WFM fashion in the fierce market competition environment, coupled with the small garment enterprises are also increasing year by year, the leaders of WFM realize that the beaten track management and development model has been unable to adapt to the current development,so they research and analysis of the competitiveness of the industry and development of new strategy. And of course compensation management will be imperative to adapt to the new strategy. However, the compensation management of the company has not formed a scientific and effective system, the current compensation system are more traditional, can not adapt to the long-term development of the company.Take the middle-level managers of WFM Fashion Co., Ltd as an example, using the strategic human resources management theory, the compensation management theory, incentive theory study methods, study the main problems of the compensation system, and point out the causes of the problems, and then design to implementation of compensation system on the existing problems and puts forward some countermeasures in the paper, and the implementation of security measures. This paper thinks the first WFM Fashion Co. Ltd. will want to do is simply the traditional personnel management into human resource management, the wages into compensation management system, according to the compensation strategy, job analysis, job evaluation and the weights of the implementation based on post compensation system based on the comprehensive compensation design, proposed the development of360degree performance appraisal method, the assessment of middle managers, do internal organizational guarantee, the construction of enterprise culture and improve the performance management system, pay attention to non-economic compensation consistent spirit.This paper is divided into five parts:the first part is introduction which mainly introduce the background and significant of the research, and also the current situation of the research at home and abroad including the methods and viewpoints of this article; the second part describes the theories which refer this paper; the third part analyses the current situation and the existing problems of WFM fashion co.,ltd and makes an attributive analysis; the fourth part optimizes and designs the Strategic compensation management of WFM fashion co.,ltd faced to the existing problems; the last part is the research conclusion.