Assistant Professor,
The compensation management in enterprises can directly affect the firm's performance. Compensation management is a core content in business management. Higher the staff's compensation satisfaction is, the more obvious its incentive effect is. And the staff will work harder and often receive more praise from the management; consequently they will get higher compensation and create a greater value for the firm. Otherwise, a vicious circle is likely to occur. Compensation incentive is to fully encourage and exploit staff's competence while ensuring their basic living expenses, and so as to improve the firm's economic benefits and market competitiveness. Compensation strategy for increased firm's performance involves the statistical analysis of employee, operational, financial, and marketplace data to determine the net effects of reward investments on human capital and business outcomes.
Compensation, Career, Employee and Performance
