JRK's Salary Design

Located in the Yangtze River Delta, JRK Company is a typical private enterprise specialized in manufacturing all kinds of surgical dressings. In recent years, the company has enjoyed steady growth and a leading position in production technology, but its internal management is relatively backward. As business develops, industrial competitions become increasingly fierce with higher customers’ demand, and the company management level and human resources training speed have been unable to meet the needs of corporate development. Although the company’s wage level is slightly higher, staff turnover is still high, with frequent losses of key personnel.To solve the aforesaid problems, this paper, based on foreign and domestic research on salary and salary design, adopts literature analysis, behavioral event interview, questionnaire surveys and other methods, performs analysis and research on the problems present in the current compensation system of JRK Company, and rebuilds a compensation system suitable for JRK’s current development.This paper makes researches mainly from 6 aspects. First, it performs predictions based on research background and application prospects, and determines the content and methods. Second, it generalizes and analyzes the existing compensation-related theories and research status at home and abroad, and summarizes conclusions of previous studies. Third, it uses questionnaires, interviews and other methods to analyze the status quo of the compensation system of JRK Company. Fourth, it puts forward the optimal design solution for the compensation system of JRK Company. Fifth, it proposes a package of measures designed to match the optimal design solution. Finally, it makes conclusions based on systematic illustrations, and elaborates the gaps and future outlook.This paper aims to analyze the existing compensation system of JRK Company, and studies how to implement design techniques for the compensation system in a reasonable manner under the legal framework of policies and systems and to take into account both fairness and efficiency, thus give better play to compensation, so as to on one hand improve staff satisfaction towards compensation and work efficiency, attract, retain and motivate talented employees; on the other hand reserve talents for in-depth and steady development of JRK Company and enhance its overall competitiveness.