Wages And Social Capital Of Bankers In Modern Shanghai

Modern Shanghai Banking industry is in the process of transformation from the traditional social network to the new social network.The traditional social network pays attention to kinship and geographical relationship.With the fierce competition in the labor market and the incomplete establishment of the trust mechanism between labor and capital,the introduction and personal guarantee system have become popular.The social status of the introducer and the guarantor fully reflects the social capital and the social network behind the bank staff.This paper mainly studies the influence of the social capital of the staff in modern financial institutions on the wage level.Starting from the specific historical cases in the period of the Republic of China,it creatively adopts "the number of people who have been introduced by the introducer" and "the difference between the personal property and the actual property of the insured" as the proxy variable of the social capital,and holds that the introducer influences the wage level and the wage level of the staff through the mechanism of "human feelings" and "information" Growth,in which the "human relationship" mechanism will distort the labor market,is inefficient.After choosing a series of samples to return,it is found that for modern China,the "human relationship" mechanism still exists in the process of recruiting talents from banks.The "trust" mechanism influences the level and growth of employees' wages by influencing human capital.Specifically,this paper first reviews the concept and measurement methods of modern social capital,adopts the definition of social capital by Lin Nan,and focuses on the social capital of related people,and further discusses the social status of introducers and guarantors,the strength of the relationship with job seekers and the impact mechanism of wage level,which constitute the whole theoretical basis.Then,from the perspective of influencing the wage level,this paper makes a detailed explanation of the education situation,the salary treatment of the staff,the situation of the guarantors and the situation of the introducers,and puts forward that "the number of introducers who have introduced" and "the difference between the insured's family and the actual property" are used as the proxy variables of social capital,and makes a descriptive statistical analysis of the whole sample,analyzes the wage level and the distribution of the trainees And make a detailed analysis of the education,native place,guarantor and introducer.Finally,we set up a basic model,using the wage growth rate as the first-order difference,and put forward three hypotheses,the third of which is to explore whether the relationship other than the relationship between the introducer and the employee in the same hometown can affect the amount of social capital.In the second section,we made OLS regression analysis on the first two hypotheses,and found that hypothesis 1 and 2 are true,hypothesis 3 selects the introducer as the sample of non bank people,and hypothesis 3 is true That is to say,the introducer can influence the salary level and increase of the staff through the mechanism of "human relationship" and "information".The robustness test demonstrates the robustness through the branch sample and the sample with more than 2 years in the bank,and mainly selects the undergraduate sample to make the social capital of the staff unable to affect their human capital,so as to demonstrate that the social capital can independently affect the wage difference.