Company EQ Pay System Redesign

compensation management is part of the corporate strategic management, the pay system design is the basis of the entire salary management. Pay not only involves the vital interests of the employees also affects the operational efficiency of enterprises. Therefore, it’s crucial how to design scientific, standardized pay system, enabling enterprises to survive and develop in a competitive market environment for enterprises.This article is based on the theory of compensation management, human resource management theory, with the status of the industrial sector and with the problem of compensation management of state-owned enterprises, a detailed analysis of the development strategy and pay status, pointing out that the EQ’s original pay system with fair insufficient, unclear job responsibilities, bad relationship between salary and strategic goals and job performance has not meet the needs of corporate strategy. To solve these problems, we redesign the company’s post value system with organizational behavior, labor economics, theory of modern compensation analysis, starting from the company’s strategy, reflecting a combination of compensation management and corporate strategy, drawing on successful domestic and foreign corporate human resources to design, optimize the objective factual circumstances in accordance with EQ’s salary distribution system. We establish incentive-sector jobs pay system, supplemented by the mode of pay for performance and ability. We consider individual and team performance as the basis of allocation. Innovation and the ability is important in the distribution. This system embodies the theory of the minimum wage and includs fairness and external competitiveness. It solves the talent shortage, bad innovation, pay equity issues and the enthusiasm of the staff. It’s obvious that it broadens the channels of different positions on staff career development and increases pay floating rate. This system will promote the sustainable development of the company effectively, and it can also provide experience for similar state-owned enterprises in pay system design.