Research On Employee Compensation System Of LD Company In Jiangsu

In the past two years,affected by the global epidemic and local conflicts and crises,the market environment at home and abroad is unpredictable.While domestic traditional manufacturing enterprises are facing the bottleneck of industry development,the market development prospect is not optimistic.To enhance the market viability of enterprises and ensure sustainable development of enterprises is the core task of domestic manufacturing enterprise management.The modern human resource management theory points out that the establishment of a scientific and reasonable compensation system plays an extremely important role in consolidating the core competitiveness of enterprises,improving the staff’s job satisfaction,enthusiasm and organizational loyalty.The construction of comprehensive compensation system plays a very positive role in human resource management of modern enterprises.The establishment of a completely scientific and comprehensive compensation system can meet the expectations of employees,strengthen the incentive effect of the enterprise on employees,stimulate the work passion of employees,create better value for the enterprise,improve the core competitiveness of the enterprise,and also contribute to the career development and growth of employees.Therefore,in order to cope with the current severe market development situation,improve the management predicament of domestic private manufacturing enterprises,improve the scientific and rational management of employees’ compensation,and effectively promote the sustainable development and progress of enterprises,this paper,based on years of practical experience,objectively analyzes and introduces the comprehensive compensation theory to reset the employee compensation system of LD Company in Jiangsu.First of all,this paper uses qualitative analysis methods such as literature review to sort out and review relevant domestic and foreign literatures,basic concepts and relevant theories,such as compensation incentive,total compensation theory and enterprise compensation system construction,so as to determine the research direction and main ideas of this paper.Secondly,this paper goes deep into the front line of enterprise operation.With the support of the leaders of LD Company,this paper takes advantage of spare time to investigate the current operation situation of LD Company and the salary system of its employees,so as to preliminarily understand the salary model and salary structure of its current employees.Thirdly,on the basis of enterprise research,according to the information obtained and the research results of relevant literature,this paper uses the questionnaire and interview outline to further collect the details of LD Company’s employee compensation system and the problems existing in the implementation of the compensation system,including the lack of compensation incentive and the unsound welfare system.Unreasonable salary structure,narrow promotion channels and other reasons for these problems,such as the salary system and enterprise development strategy mismatch,the company’s senior management pay insufficient attention to salary,performance appraisal and salary is not closely combined,the lack of effective and reasonable performance communication.Finally,based on the theory of total compensation,from the perspective of employees’ extrinsic and intrinsic compensation,this paper not only fixed the positions and ranks of the company,but also optimized the setting of a new comprehensive compensation system for the current employees of LD Company,including direct compensation,indirect compensation,economic compensation and non-economic compensation,through work analysis and job evaluation and other preparatory work.And put forward the safeguard measures for the implementation of the new system,such as optimizing the company’s organizational system,strengthening employee participation and publicity,and winning the attention of the company’s leadership.Hope that through this paper,the problem analysis of the LD company employee compensation system,construct the comprehensive compensation system for the development of practical needs,the company to improve the employee compensation system,improve employee pay satisfaction and organizational loyalty,arouse their working enthusiasm,cohesion enhancing core competitiveness LD company provide positive help,At the same time,it also provides solutions for other domestic private enterprises in the current special period.