Compensation System Optimization And Employee Motivation

The compensation reflect value of human resource directly,That Compensation system matchs corporation developing willhave important effect to satisfy and motivate employee, Thearticle discuss relation optimize compensation system andemployee motivation with example of Delphi Parked ChangChunbranch(DPCC). Copensation is reward of employee output, It have somefuntion of motivation,gurantee,accommodation and increment,Copensation system have deferent forms ,example of annualsystem,structure wage system,deduction system ,fastnesssystem,piece rate system,agreement system. Deferent companyor deferent condition should haved efferent compensation system.Design compensation system should follow someprinciples ,example of dispassion and efficiency,motivation,competition,low cost,legitimacy. Compensation system of DPCC was implemented in October1996. It include annuual system of salary people and structurewage system of hourly people. With the company developing,Theabuse of old compensation system have appeared,In order tomotivate employee,DPCC innovated old compensation system inmarch 2003. All salary people implement annual system befor march 2003in DPCC, Including MD , opration manager , departmentmanager ,department supervisor and engineer. Annual systeminclude basic salary and benefit salary. Basic salary have fourkinds and four grades, Deferent salary people have deferentgrade. Benefit salary=(annual profit*rate/total salary people)*post modulus*assess score%, Rate is 5%, Assess score will begiven by supervisor according to Personal Business Plan. Benefitsalary was provide in the end of year. Annual system of all salary people in DPCC have someshortages, Include that it do not incarnate deferent requirementï¼›It have no long motivation; The key metrics are not logical.Accounant report forms will not be ensured authenticity. DPCC bring forward self-compensation idea according toshortage of old compensation system. Self-compensation is thatemployee can choose deferent forms compensation.Self-compensation include that basic salary,premium,welfare,allowance and so on. Basic salary can gurantee employee basiclife. Premium will be provided when someone create profits forthe company. Welfare can provide gurantee for employee in thefuture, Its cost will be taken on by company, for example medicalinsurance , unemployment insurance , provide for the agedinsurance and so on. Eyployee may choose deferent combinationof welfare.ï¼›Job things allowance include computer,mobile,carand any tool is used in working. Premium allowance include freeflat,luxury saloon car,special repast room,the first cabin ofairplane,trip with consort,amusement allowance. Compensationmotivation have not only material element but also inspiritelement, for example self-developing,mind earning,quality of life,These are important to younger people. Self-compensationprovide chance for employee choose deferent forms, it havemobilized activity maximumly. DPCC belong to labor compression company. It have a lot ofhourly employee, hourly people is very important to company.In order to motivate hourly people, DPCC optimize compensationsystem of hourly people. DPCC old compensation system of hourly people is structurewage system and fastness wage system. Old compensationsystem apply to all hourly people. Old compensation system=basic wage+aged wage+station wage+profit wage. Basic wageis 330 yuan. Aged wage include society aged wage and companyaged wage, society aged wage is 5 yuan per year, company agedwage is 20 yuan per year. Station wage amount basiac wagemutiply station rate. Profit wage distribute according to stationrate and total profits of company. Fastness wage system applyto driver,waiter,typist,cleaner,policer, It was put out accordingto fastness standard. DPCC old compensation system have some shor...