Salary System Of The Real Estate Business

The GDP growth rate of China is the highest in the world, and the growth rate of real estate is much more rapidly than the same period's growth rate of GDP in history. Consumer product criterions that required for housing was relatively low before, purchase requirements were hugely magnified, what's more, the loose monetary policy of banks has further promoted the market will supply situation, much higher than the world's average level of around 8%, and the dependence of local government's tax to the real estate and related industries is really critical. The situation that capital excessive inflow to real estate will restrict the normal development of other industries and it's vitally harmful to the orderly and healthy development of National Economy.Human resource management is an essential part in managing a enterprise, while compensation management is the central part of Human resource management, from which we can see the profound role of compensation management. In China, human resource management is at its initial stage, when the definition of human resource is vague. And even some enterprises have not established their human resource departments yet, which are substituted by the administrations or financial departments. All of these suggest the big progress we should make to catch up with the modern requirements. Nowadays our attitudes towards human resources are changing by the management ideas from the foreign world, and since then human resource management are considered as a vital strategic factor. In Japan, the head of human resources is the second in command besides the CEO, who plays a role in the strategic level of the enterprise, dealing with the enterprise's strategic approaches and the significant management decisions. However in China, the human resource department is simply regarded as an agency who deals with the recruitment and the personnel records management. This is evident enough to see the narrow perception of many enterprises in China, and the efforts we need to pay for a big progress in this area. Being in the central part o human resource management, compensation management has significant responsibilities to help establish a feasible system for human resource management.On the basis of reading lots of literatures on pay management in human resource management, this paper studied theoretical knowledge on compensation management and stressed the importance of compensation management in human resource management. Currently, Chinese scholars absorbed the salary system design thought from foreign scholars and the practical experience from corporations, and pay more attentions on reform of the income distribution system and concrete design of compensation types. Therefore, they did not take Chinese national conditions into consideration when they conducted salary system designs, which brings about that those design cannot be operated well in practical corporations management. Based on the study of salary system design, this paper analyzed the features of salary systems of real estate enterprises. Besides, setting GT as an example, this paper studied the salary system, explained the advantages and disadvantages of the human resource payment system from aspects of salary design principles. We hope that this study will help GT Corporation to improve their salary system and human resource management in human resource management level, and finally promote their management efficiency and operational efficiency. Furthermore, we hope that this paper will be beneficial to personnel training and developing high performance team.