The Research Of The Salary System Of MD International School

With China’s reform and opening up, the deeply development process of foreign capital has attracted a large number of expatriates’moving into China. Thus, the education market demand for the children of expatriates (International School) is increasing dramatically. At present, China has opened more than100International Schools for children of expatriates’ and the number is still expanding rapidly. As a result, education for foreign students becomes an important part of China’s education.Peter Drucker, famous management master of United States, believes that the so-called enterprise management is human resources management at the end. Human Resources is now catching more and more entrepreneurs’ attention for its significant role in the entire social economy as the production element. In the human resources management system, a sound salary management system is a key tool to attract, retain, incentive and develop talented people. Therefore, in order to survive in the knowledge-based economy era, it is essential for enterprise to establish a scientific and systemic salary management system.The development of schools for children of expatriates has its own characteristics, which determines salary management cannot copy other schools’ completely. The salary system should adapt to schools for children of expatriates’ own characteristic and future development. So how to build a suitable employee salary incentive mechanism is one of the most important tasks for this kind of school at present.This paper analyses the salary management system of MD International School, and invests the school’s salary system situation. Through the careful analysis, the paper is going to put forward some basic method to the current problems according to the modern enterprise salary theory. At the same time, this thesis is also determining the school salary system design principles and final solution with the combination of the school development strategy and the actual situation, based on the compensation system design procedure. Even though, this new solution is not perfect, it offers some practical idea for the salary system of current schools of expatriates’ children.