Research On Broadband Pay System Design And Implementation In XG Cigarette Factory

Nowadays, the compensation plans of state-owned enterprise employees in China consist of basic salary, bonus, welfare, allowance and others. With compensation levels often depending on the level of seniority and position promotion, here is the result:on the one hand, no matter how great their contribution for the enterprise is, the new enterprise staff with low position only get relatively meager salary, which is surely unable to effectively arouse the enthusiasm of their work; on the other hand, senior employees often lack continued motivation, since they can enjoy rich pay.It’s advised therefore to reform compensation allocation management, introducing broadband compensation system, which can ensure scientific, reasonable and standard salary allocation. To establish strategic oriented compensation system can give the fit people the appropriate salary incentive at the right time. By setting up a variety of "runway", through the effective combination of promotion, career development channel and remuneration with effective compensation system can upgrade enterprise management and talent development, effectively stimulating the enterprise vitality and the enterprise staffs work enthusiasm, creating a fair, scientific and perfect distribution system.On the basis of the related theories and methods of salary management, the concept and characteristics of broadband pay system, combined with learning the implementation conditions in broadband compensation system and analyzing the present situation and existing problems of pay system in XG cigarette factories, this article puts forward a broadband pay system design for XG cigarette factories, in view of broadband pay system design objectives, principles and processes.