Research On The Relationship Between Managerial Power Andgeneral Staff Salary

Since the reform of government granted enterprises have more power and allowed them to keep a bigger share of profits, enterprise’s worker salary decisions expand unceasingly, the influence of managerial power for the general staff salary is also growing. In state-owned enterprises, because of the condition of transforming system and the internal factors of poor governance performance, managerial power is likely to override corporate governance mechanism,while in non-state-owned enterprises, managerial power exists in natural, so the managerial power can influence and even determine the general staff salary as being in their own interests.Existing literature shows that the more education a worker receive, the more they inclined to equality and freedom, their consciousness and ability is high, and have higher bargaining chip negotiate with the management. Obviously they will cause a certain degree of impact on the managerial power, and according to the theory of salary negotiation, increasing the proportion of high degree employees in the enterprise will cause a certain degree of impact on the managerial power, and ultimately affect the average worker pay.In this paper, I choose4330data in A shares of listing Corporation of our country from2006to2012as sample, based on managerial power hypothesis, through empirical research methods, analysis of the impact of managerial power to ordinary workers compensation, and through the analysis of the academic structure of the enterprise employees, and further explore the relationship between employees and managerial power through cultural structure, the results showed that:(1) In our country there is a significant positive correlation between managerial power and average worker pay overall.(2) In the state-owned enterprises, because of the owner absence and existing executive compensation control, the management in order to seek more selfish, tend to pay higher wages, it manifested that in the state-owned enterprises, managerial power and general staff wages have a significant positive correlation, while, in non-state-owned, because of clear property rights, management objectives is single, the market as the guidance to pay wages, enterprises according to their own economic efficiency and the capacity to pay and decide wage. No forced restriction of compensation regulation, so in non-state-owned enterprises, the management rights and general staff wages have a significant negative correlation.(3) There is a significant positive correlation between degree structure of staff and general staff salary.(4) The more education a worker receive, the more they inclined to equality and freedom, they have higher bargaining chip negotiate with the management, it is more easy for them to form a joint force to combat unfair salary management to balance the management power, therefore in non-state enterprises, the increasing of proportion of high degree employees in enterprise, significantly weaken the negative effect of managerial power on common employees’ remuneration.This article research the relationship between managerial power and the general staff salary from the enterprise level is helpful to enrich the literature about managerial power, equity nature and compensation decision mechanism, it also provides new evidence for employee compensation effect factors. At the same time, this paper further studies the relationship of employee culture structure and managerial power, staff salary, and provides certain theoretical and empirical support for our degree-level education.