Pay-For-Performance Program Designing For Senior Executives Of TJGS Group

With the extension of the span and depth of China's reform and opening up, the pressure of state-owned enterprises on responding the global competition is more and more tremendous. How to transform this pressure to the power of development is a troublesome problem faced by state-owned enterprises. The core element of this problem is how to make the staff fully enhance their own capacity and performance to be capable to help the company solve difficulties. And the work of upgrading the capacity and changing the philosophy of executives in state-owned enterprises is particularly important. How to design a pay-for-performance program for executives that meets the actual situation of state-owned enterprises is a major issue faced by state-owned enterprises in their reform. Therefore, this study on designing the pay-for-performance program of executives in the state-owned enterprise group named TJGS has important significance.Firstly, this study has systematically carded the researches on pay-for-performance and defined the concepts and ideas of designing the pay-for-performance program of executives. Secondly the study has analyzed current situation of TJGS which includes basic circumstances, chances and challenges and the existing pay-for-performance program of executives. Then aiming at the problems and combining the current situation, the study has designed the pay-for-performance program of executives of TJGS.The ideas and results of this study, has not only provided a foundation for the designing of pay-for-performance program of executives of TJGS, but also offered a reference for the work of incentive compensation in other state-owned enterprises. Certainly, this study also has some shortcomings and deficiencies, which need to be made up in the future.