The Pay System Design Of BH Company

Pay management is an important part of corporate strategy and culture. Pay is not only an acknowledgement and repayment of staffs contribution, but also a precise action scheme which can help the corporate realize its strategy and value. It can also be used to help the staff to carry out the action scheme. What pay system concerns is the action and result. It includes pay plan, encouragement, distributing bonus way and the plan which is used to admit staff's contribution. The successful pay system can help the corporate attract the talents leave on the staff. It can also impact the staffs sense of responsibility and how hard they work.Shandong BH Company is a state-owned enterprise. The main product of BH Company are chemical products, caustic soda and thermoelectricity. In the year of 2004, BH Company realized EBO (Employee Buy- Out). This means the BH Company have established the modern property right system. Of course, it also means the state-owned pay system must be changed to accord with this reform.I make an investigation on the case of the Shandong BH Company's pay system by information collection and questionnaire method. Then I find that the pay system of BZ Company have some problems. Based on the BH Company's strategy and pay theory, I analyze and evaluate all the posts of BH Company and want to establish a new pay system which accord with the corporate strategy and modern property right system. I believe this system can help BH Company attract excellent persons and leave on the experienced staff. This system can also promote the staff to transform their knowledge to the productivity and improve BH Company's core competitiveness Besides this, it can also be used for reference by other companies.