Study On The Human Resource Efficiency Of Enterprises Based On Strategic Compensation

In the era of knowledge economy, human resources have transcended the material resources, financial resources to promote social and economic development as the first elements and strategic resources, but also the source of contemporary enterprise core competitiveness. The role of human resources is mainly reflected by human resource efficiency. Human resource efficiency directly influences enterprise's performance and competitive ability. Salary is one of the most important inputs of human resources. It not only is a necessary as the productive investment like the material resources, but also is of attraction, compensation and motivation to human resources. So, it can affect human resource efficiency. However, in order to make the enterprise obtain the continued high performance and human resource efficiency and achieve the long-term development, compensation management must conform to the enterprise strategic objectives and implement strategic compensation. Therefore, this paper will study human resources efficiency and influence factors of Chinese enterprise through the theory and empirical analysis based on the strategic compensation, in order to provide theoretical references for improving enterprise's human resource efficiency.This paper is mainly divided into three sections:background research, theoretical study and empirical study. The first part of this paper mainly expounds the background and study purpose and meaning, analyzes the status of research at home and abroad, introduces the main research contents, framework and methods.The part of theoretical research sorts, analyzes and summarizes strategic human resource management theory, salary motivation theory and human capita theory, which makes a foundation. On this basis, it analyzes the function of strategic compensation, summarizes the influence factors of human resource efficiency on strategic compensation, and constructs the theoretical model of strategic compensation influencing human resource efficiency. Then, the paper proposes and analyzes the mathematical methods and models for human resource efficiency empirical research.Taking the Chinese paper listed companies as an example, the empirical research part selects research evaluation indexes from the perspective of strategic compensation, makes the empirical analysis of human resource efficiency with the data envelopment analysis (DEA) and the stochastic frontier analysis (SFA).Then, it makes the comparing analysis and correlation inspection between the results from the two methods, which shows that there is high correlation between the results. This paper gets the relevant conclusions through the empirical analysis:On the one hand, this study not only attains the objective to evaluate human resources efficiency, but also further proves that it is scientific and reasonable to research on human resources efficiency by comprehensive use of DEA and SFA, which provides a salutary lesson and reference for other enterprises to analyze human resources efficiency. On the other hand, it proves that the employee compensation, human resources quality (education degree of staff) and human resources training development is positive correlated with human resource efficiency. Strategic compensation can improve employees' positivity and optimize the structure of human resources through the motivation effect, separation effect and human capital effect, and promote human resource efficiency.