Research On Compensation Incentive System Of HJS Financial Staffs

The financial management staffs are playing an increasingly important role in the development of enterprises.The work of the financial management staffs is the key to success of the enterprise.The capital allocation,cash flow,risk prevention and control those all affect the performance of the enterprise.Only by inspire the potential of financial management staffs and improving the work efficiency of financial management department,can financial management play its duty.In this way,the work quality and work efficiency of financial management staffs are improved,and their passion for work is encouraged to make greater contributions to the development of the enterprise.This paper is based on the systematically reviews about the existing literature of compensation management and employee incentive.Using the theory of comprehensive compensation system,broadband compensation theory and differential compensation management theory,we analyzed the related problems of the enterprise ' s compensation incentive effect.The results show that in Jiao Shui Jian Group(here in after referred to as HJS group)compensation positioning is non-market,pay structure is not reasonable,long-term incentive effect is not ineffective and compensation incentive regulations lack of creation.The main reason is that HJS group neglect the significant role of financial management work,lack of effective human resource management practices,and lack of clearly compensation strategy.In view of these problems,the improvement countermeasures proposed are :(1)improve the regulation basis of compensation management system,(2)to update the compensation strategy of the enterprise,(3)to optimize the financial work and compensation model,(4)to strengthen the implementation of the compensation performance.These measures aim to optimize the compensation incentive system of HJS group for financial management staffs and to promote the transformation of financial management.While this article is based on the specific situation of HJS group,considering the HJS group belongs to the first group transformed from state-owned assets,there are common problems encountered in the reform of state-owned enterprise.These countermeasures have important referent significance for other enterprises of the same type to motivate employees and improve the management of financial management.