The Designing Of Broadbanding Salary System In Private-owned Colleges

Human resources are the most important resources to companies’ existence and development, as the competition in the world of economic globalization is essentially talents competition. Compensation management is one of the most important aspects of human resources management in enterprises. Scientific and sound compensation system, the direct factor to stimulate the initiative and creativity of human power, can greatly activate the realization of business strategy and improvement of core competence. Since it is the essential condition to attract, keep and inspire talents, a scientific compensation system also lays a solid foundation for the long-term stability and development of enterprises.With the guidance of modern human resources management theory, this paper analyzes shortcomings in the process of compensation management and problems in compensation system in private higher institutions. To elaborate and analyze traditional compensation system, based on investigation and research, this paper tries to introduce a new pattern of system, i.e. broadband salary system. Compensation strategy is determined on the basis of strategic planning of the institution with scientific design principles and processes. Through the analysis of work content, the position evaluation system is established by the element method, thus to determine the broadband levels and interval distribution of broadband salary in DH Vocation Co llege with the integration of evaluation result and salary investigation data. Different salary proportion fluctuations are raised to reflect the differentiation of performances and abilities. It also presents some adjustment measures to the system. At the end of the paper, it evaluates the broadband salary system and analyzes its advantages and limitations. Meanwhile it proposes some preparation measures before implementation.With analyzing private higher institutions’ compensation management, this paper introduces the broadband salary system which is suitable to college strategic development and tries to solve several problems existing in the college compensation management. It can be used for reference to other private colleges when determining salary plan and management and provides certain guiding significance to domestic public colleges.