Research On Talent Incentive And Salary Strategy Of SMEs Based On Enterprise Life Cycle

Since the outbreak of the financial crisis in the world,the global economic system has actively adopted loose fiscal and monetary policies to stimulate the recovery of the domestic economy.However,with the recovery of the global economy,global inflation levels are rising,monetary policy is tightening,and the threat of trade friction is increasing.The impact of this series of events has made Chinese companies face enormous challenges.With the intensification of international trade frictions and domestic commercial competition,labor market flows have increased,and talent competition among enterprises has intensified.Many small and medium-sized enterprises(SMEs)in China have also been adversely affected by global trade frictions and increasing domestic competition,especially for SMEs whose products and raw materials are related to the recently released list of tariffed goods.In order to survive and develop,Chinese SMEs must be aware of the problems they face,and constantly reduce the production costs,management costs,and operating costs of enterprises in terms of technology investment,attracting talents,and strengthening management.Same as organisms have different growth characteristics at different stages of growth,the enterprises also have specific characteristics and development problems at each stage of development.Therefore,SMEs must formulate different talent incentive systems and compensation strategies in different business life cycles.In the economic environment where trade friction is severe and talent competition is intensifying,corporate management decisions,business decisions and development strategies will have a major impact on the development of enterprises,but the most important factor affecting the development of enterprises is the company's talents.Especially for small and medium-sized enterprises with relatively small numbers of employees.The different needs of SMEs in different life cycles determine the talent incentive policies and compensation strategies.It is very important to formulate talent incentive policies and compensation strategies that are suitable for enterprisedevelopment.Therefore,this paper analyzes the relevant theories of enterprise life cycle theory,talent incentives and compensation strategies.The dynamic talent incentive plan and salary strategy for the different life cycle characteristics of SMEs were studied and several examples were analyzed according to relevant theories.