Bancassurance Business Line Office Staff Compensation Design Research

According to the China Insurance Regulatory Commission recently released data shows that in2011, under extremely difficult circumstances, the insurance market in China has maintained a steady development of the situation, and the whole nation has achieved premium income of1.43trillion Yuan, growing10.4%compared to the same period. In2012, although the regulatory environment has become more serious, it can not stop the rapid development of the whole industry. As one of the four largest listed insurance companies, the China Pacific Insurance Company is to strive in the new environment to maintain a good corporate brand image, in order to gain market share steadily growth. As an important part of the whole Pacific Life Insurance, there is no doubt that the Bank Insurance plays a decisive role in the operation of insurance company development. With the continuous development of enterprises, the increasing volume of business, coupled with the company demands high work on the staff, the company currently implementing salary system has not adapted to the new requirements of the development. Take Pacific Life Insurance Limited Company Sichuan Branch banc assurance business line office staff as an example, the current salary system has caused internal staffs frequent flow problems. Although the company is aware of it, relevant solutions have not been published because of various reasons.This article will focus on this problem, from the company current salary system to set out, through literature research and case analysis methods to find out the problems existing in system. It will follow the principles of salary design and introduce the broadband compensation theory to the salary design system. The new salary system will take staff positions for the foundation, bringing the staff more scientific and sustainable development by increasing the salary width, in order to resolve the current promotion difficulty caused by general staff enthusiasm is reduced, thereby causing the frequent movement of personnel problems.From the company’s development, broadband salary structure emphasizes that staff obtain more pay by enhancing their own ability.Therefore, it has certain simulative effect to further improve the effectiveness, and combine the development of other human resources strategic target.