The Redesign Of Compensation System Of Winnington Company

The compensation& Benefits management is one of the strategic methods that may be the major method used to attract employees as well as a way to try to motivate employees toward more effective performance .So it has been concerned by more and more enterprises now.Starting with the related compensation theories, this paper focus on the combing of the Compensation &Benefits management and the strategy of the enterprise, keeps an eye on the present need of the employees to achieve the internal equity, external equity and individual equity .The paper involves the entire process of the redesign. The aim of the paper is to put forward some recommendation for the establishment and management of the compensation system in similar enterprises.This paper firstly introduces the concept and related theories of the compensation, compensation &benefits management. Secondly, analyzes the present compensation system of the Winnington company .Thirdly, according to the research and combining the present condition of the company; The new compensation System of the company has been designed. Fourthly, discusses some issues in compensation administration. At last, carries out an evaluation towards the designed project.The new compensation system still have some problems and shortage, such as related assistant method is not enough, I will summarize the experience, find shortage and raise my own theories level and improve my ability continuously.