Study on the Consensus Salary System for Modern Enterprises (eBook)

Preface 5
Contents 9
1 Introduction 12
1.1 Background of the Topic 12
1.2 Significances of the Study in Theory and Practice 16
1.2.1 Significance in Theory 16
1.2.2 Significance in Practice 16
2 Summary of the Salary Theory and its Relative Theories 17
2.1 Salary Theory 17
2.1.1 Marginal Productivity Theory of Wages 17
2.1.2 Equilibrium Price Theory of Pay 18
2.1.3 Collective Negotiation Pay 18
2.1.4 Distribution Based on the Productive Elements 19
2.1.5 Karl Marx’s Pay Theory 19
2.1.6 Income Distribution Theory Combining Work and Productive Elements 19
2.2 Human Resources Management Theory 21
2.2.1 Theory X2 21
2.2.2 Theory Y3 21
2.2.3 Theory Z4 22
2.2.4 Theory of the Strategic Human Resources Management 22
2.3 Theory of Labor Costs and Transaction Ones 23
2.4 Theory of Pareto Optimal State 25
3 Main Ideas, Research Approaches and Innovation of the Book 26
3.1 Outlines of the Book 26
3.2 Main Content of each Chapter 27
3.3 Research Approaches 29
3.4 Innovation and Issues to be Further Studied 30
4 Analysis of the Existent Salary System of Enterprises 31
4.1 Post-oriented Pay System 32
4.1.1 Structural Pay Institutions 32
4.1.2 Post-oriented Pay Institutions 34
4.1.3 Grade Pay Institutions 35
4.1.4 Post Skill Pay Institutions 36
4.1.5 Annual Salary System for the Manager 39
4.2 Ability-Oriented Pay System 40
4.2.1 Functional Pay Institutions 41
4.2.2 Strategic Pay Institutions 42
4.2.3 Expectancy Pay Institutions 43
4.3 Comparison Between the Post-oriented Salary System and the Ability-Oriented One 44
5 Institutional Background and Theoretic Foundation of the Consensus Salary System 47
5.1 Connotation of the Consensus Salary Model 48
5.1.1 Consensus to the Staff 48
5.1.2 Consensus to the Enterprise 48
5.1.3 Consensus to the Society 49
5.2 Institutional Background of the Consensus Salary Model 49
5.3 Theoretic Foundations for the Consensus Salary Model 50
5.3.1 Human Capital 50
5.3.2 Performance Management 56
5.3.3 Employees’ Career Development 63
5.3.4 Enterprise Management Benefits 66
6 Features of the Consensus Salary Model 68
6.1 Equity 68
6.2 Motivation 70
6.3 Competitiveness 72
6.4 Supervision 74
6.5 Strategic Adaptation 75
7 Decisive Mechanism of the Consensual Salary Model 78
7.1 Micro Decisive Mechanism 78
7.1.1 Human Capital Investment Decisive Mechanism 78
7.1.2 Encouragement Mechanism 80
7.1.3 Propulsion Mechanism 81
7.1.4 Dynamic Adaptation Mechanism 82
7.1.5 Post Evaluation Mechanism 83
7.1.6 Cost Control Mechanism 84
7.1.7 Income Distribution Mechanism Inside the Enterprise 85
7.2 Macro Decision Mechanism 86
7.2.1 Supply and Demand Mechanism in the Labor Market 86
7.2.2 Governmental Regulation 89
7.2.3 Market-Oriented Pay Negotiation Mechanism 94
8 Framework of the Consensual Salary Model 100
8.1 Framework of the Consensus Salary Model 100
8.1.1 Post Standard Pay 101
8.1.2 Calculation of the Total Post Pay 102
8.1.3 Calculation of the Aggregate Salary Level in the Enterprise 102
8.2 Process to Establish the Consensus Salary Model 103
8.2.1 Returns to the Human Capital Investment 103
8.2.2 Enterprise Performance Evaluation 114
8.2.3 Management Efficiency Measurement 118
8.2.4 Standard Salary Level Decision in the Market 120
8.2.5 Insurance and Welfare Level Decision 121
8.3 Consensus Pay Model Operation 121
8.4 Comprehensive Comparisons Among the Consensus Salary System, the Post Salary One and the Ability Salary One 122
9 Design of the Consensus Salary System for the Enterprise M 128
9.1 Initial Compensation System of the Enterprise M 128
9.2 Conception of the Consensus Salary System for the Enterprise M 131
9.2.1 Adjustment of the Grades in the Post and Compensation for the Enterprise M 131
9.2.2 Establishment of the Consensus Salary Institutionsfor the Enterprise M 132
10 Conclusion 137
Author Biography 141
Bibliography 142