The Study Of Salary Management Improvement For Hunan Bochang Steel Trade Co.,Ltd

Salary is the corresponding compensation that employees gain from their labor,as well as an important guarantee of employees’ survival and development.Not only can it determine the living standards and status of the employees,but also can determine the profitability and level of firm.As one of the important issue of human resource management,salary management not only plays the role to deliver material but also to deliver organizations’ culture.Meanwhile,it shows the attitude of the company to their employees’ diligence,and whether the company can treat their employees fairly and if the firm can maximize its’ concern on employees’ expectation.Therefore,the establishment and improvement of the salary management system is a very important issue for the company and it needs to be highly concerned.The study takes the salary management improvement of Hunan Bochang Steel Trade Co.,Ltd as the research object.Based on salary design theory,combined with the characteristics of the enterprise and steel industrie,the paper analyzes industries,business operation,strategic management and the current salary management system,especially focusedon the issues such as: salary management and control disorder,large difference in salary level,unreasonable salary structure,the lack of employees’ perception of justice and low employee satisfaction.We choose the Job Performance-based payment system as a breakthrough point,build scientific post grade system based on job evaluation,expand salary adjust range through broadband salary,and narrow the salary gap between different post th rough adjusting post salary structure.At the same time,further systems like internal professional title assessment,star rating and salary adjustment system will be established.After the plan is formed,the presentation towards employees,the submission of plan and the approval of the annual budget will be implemented step by step.In order to smoothly implement the improved compensation management system,the support from enterprise leaders,clear corporate strategy and establishment of performance appr aisal system are necessary.When this program is carried out,it is expected to reduce employee turnover,motivate employees to improve work performance,and enhance employees’ internal sense of fairness.The conclusion of the study provides guidance for i mproving the salary management level of Hunan Bochang Steel Trading Co.,improving the job enthusiasm of employees,enhancing employees’ sense of belonging,fairness and gain,realizing the control of labor costs and expenses,and supporting the realizatio n of corporate strategy.It also provides the salary management practice of enterprises in the same industry.