A Study On Effects Of Employee Compensation Fairness To Enterprise Performance

Along with rapid development of economy and society, China’s economy marketization and globalization levels continue to improve, which also mean that enterprises act as an irreplaceable role in the course of economic reform in China. In the process of reform, the enterprise not only are required to achieve its profit targets, but also be hoped to realize its corporate social responsibility by society and the general public. Based on stakeholder theory, the existing research is generally believed that corporate social responsibility include six aspects:the government, the shareholders, the customers, the employees, environment and sustainable development of resources, and the community. Studies believe that if enterprise aims to walk more far on the scientific developing road in 21st century, and aims to extend the enterprise’s life cycle under the background of harmonious China, we must insist to perform the duty of corporate social responsibility in all aspects and to disclose corporate social responsibility scientifically, reasonably and efficiently in order to accept social supervision and perfect the system of corporate social responsibility actively. From this perspective, the enterprise staff has a pivotal role on the way of perfecting the socialist market economy as the performance of the corporate social responsibility. As "Talent" is the most important resource of enterprise today, the employees will gradually turn its role by a simple employee into the "master" of the enterprise. Especially the knowledge workers, and its sensitivity to salary can directly affect employees’work behavior and their organizational belonging, which affect employee performance and the whole business performance. So the research on the employees’ compensation system is a hot spot and a difficult question in today’s academic study.Then, if knowledge workers try to establish a relatively perfect system of employee compensation? This needs us to set up the related topic and analyze the employee compensation system in a related industry. In recent years, the society caused a "financial", "accounting" hot trend, more and more students choose finance, accounting or other economic, management majors as their own major, so as more and more students in the tide in the financial industry after graduation, so if its salary can get fair treatment? The 2008 financial crisis is a wake-up call for the booming financial industry, in recent years, frequent financial sector staff operation accidents, staff suicide events due to the working pressure lets people work under the glamorous appearance, whether financial sector employees’salary is match their efforts? These are the problems demanding a prompt study.To sum up, this study will use Raquel Coefficient to measure financial industry enterprise employee compensation justice from the perspective of financial fairness, and gather the financial industry listed companies, a total of 41 enterprises in 2008-2012 panel data for hypothesis testing and the empirical analysis. This study used corporate ROA values to represent enterprise performance. The empirical results show that Raquel Coefficient of the enterprise performance inverted "U" type curve. This suggests that the pursuit of employee compensation fairness is relatively fair. In a relatively fair process, the Raquel Coefficient’s increase leads to the improvement of corporate performance. But blindly pursuing absolute fairness will lead to lower efficiency, and business performance will also decrease. Finally, based on the above research, this study puts forward some relevant policy suggestions.