The Study Of Designed To Compensation Management For Shanxi Private Enterprises

Private enterprise is an important micro-foundation of Chinese social market economy. Forover30years of opening up, great progress have taken place in private enterprises in Shanxiprovince. However, in the process of the compensation management, The design of thecompensation management programs is lack of scientific; focus on "external pay" and neglect"inherent pay"; The employee benefits system is imperfect; The salaries do not truly linked to theperformance. This problem is the most important thing which makes our private enterprises' paymanagement has great trouble. On the one hand,it lead to huge loss of business professionals, on theother hand, it increased the costs for the companies. Therefore, we should in-depth study andinnovate on the traditional compensation management programs, it has important theoretical andpractical significance to development of Shanxi' economic.This article using qualitative and quantitative research methods. Firstly, according to collectthe relevant data of the Statistical Yearbook, It analysised the overall level of private enterprises andcompared with other provinces, in addition, it also researched pay levels between the varioussectors differences. Secondly, It analysised the composition of the salaries and benefits, Pay fairnessand employee' satisfaction. In the result, It found that the salaries and benefits structure is single,the design lack of scientific, the compensation and performance is not linked and the lowsatisfaction of the employee in the private enterprises. Thirdly, To use SPSS16.0analysis thecorrelation of compensation and performance and the conclusion is unrelated. On the basis ofempirical research, it analysis the reasons of this problem. Then, Build a corporate salaryeconometric model and designed a compensation management programs which include basic salary,performance pay, overtime pay and benefits for Shanxi private enterprises. Finally, It described theimplementation of the remuneration package should take measures, which include build an openpay system, create a good corporate culture, pay attention to the Pay art and strengthen the ITconstruction. This article is aimed to provide a theoretical for Shanxi private enterprises.