Research On Executive Compensation Improvement Of JM Group

JM Group,established in 2015,integrates fragmentary transport capacity through the power of Internet technology,to provides warehouse-to-warehouse logistics solutions of "the last 50 kilometers of urban distribution".In November 2018,JM Group completed the C round of 1.5 billion RMB financing and achieved a remarkable revenue increase of five times than the revenue in 2017.However,JM Group still has to face the difficult to attract and retain talents with high turnover rate based on the high-speed development.This situation mostly caused by the lack of human resources management philosophy and its shortsighted salary management & payment ideas in its early stage.This paper takes JM Group's executive compensation scheme as the research object.Mainly through the interview of executive compensation and quantitative analysis of actual salary data,the paper analyzes JM Group's salary strategy,executive compensation status,job evaluation,market competitiveness and other aspects.The paper puts forward and validates the improvement scheme of executive compensation in JM Group by using IPE international job evaluation system,comparative regression analysis of salary level and four-factor model analysis of salary strategy design.At beginning,this paper introduces the general situation and business model of JM Group.To clarify the current situation of executive C&B in JM Group gradually and the problems of why difficulty in attracting talents by the low external competitiveness and lack of fairness sense.And then,by the IPE job evaluation system,to evaluate JM's executive positions status,to build the possibility on the executive positions' salary scheme becomes comparable with the market salary data.Thirdly,using the four-factor model to upgrade JM's salary strategy with the purpose of attracting talents.Finally,to design a scientific and reasonable salary scheme on solving the problem of internal and external fairness to attract talents and transmit the positive concept of organizational value.To help whole executive managers to focus on helping organizations survive and develop in a competitive environment,broaden access to external talent,and lay a solid foundation for the Group's future D-round financing and listing.