YA Company Compensation System Design Study

A company's success depends not only on advanced technology, good equipment, sufficient money, quick information change etc but also on high quality talent, who can make good use of these resources. How to attract and keep high quality talent has become an important of company human resource strategy. Salary level decides a company's competitiveness in HR market and its product's competitiveness. Salary level setting up is faced by both employees'requirement of high salary and company's requirement of lowering the HR cost. Salary strategy setting up contributes to solving these two problems. A strategic, reasonable salary system helps company development, contributes to attracting and keeping good employees, increase staff satisfaction and improves company performance. Designing a salary system linking with company strategy, optimizing HR management with limited resources and improve company's competitiveness of keeping talents. The writer has been working in YA company HR for years from company construction, commission and development. Meanwhile, the writer's been thinking how to connect HR strategy with company development strategy, how to setting up a company salary strategy, build up company core competitiveness and use salary to attract and keep talent. This article to analyze salary system design theory, take a view of domestic / foreign company current salary system implementation situation to analyze YA company's business strategy and salary strategy, and design its salary system based on salary strategy. During theory study, the writer focuses on how to match salary strategy with business strategy, split business strategy into proactive type and conservative type and matches them with organic type salary strategy and mechanic type correspondingly. During the salary design, the writer analyzed position assessment, salary investigation, salary level setting up, staff capability assessment, staff salary setting up, salary system implementation etc and designed YA company's salary system. Summing up, after studying the salary design theory and designing YA company salary system, the writer thinks the company salary design should change when needed to match the changed business strategy, so as to use reasonable salary design to set up a salary system that work efficiently for the company and maintain company's competitiveness of keeping talent.