• ISSN: 2010-0248
    • Abbreviated Title: Int. J. Innov.  Manag. Technol.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJIMT
    • Editor-in-Chief: Prof. Jin Wang
    • Executive Editor: Ms. Nina Lee
    • Abstracting/ Indexing: Google Scholar, Ulrich's Periodicals Directory,  Crossref and ProQuest, Electronic Journals Library.
    • E-mail: ijimt@ejournal.net
IJIMT 2020 Vol.11(5): 142-145 ISSN: 2010-0248
doi: 10.18178/ijimt.2020.11.5.892

Research on Employee Compensation Incentive Mechanism

Shuxin Zheng and Zhongguo Zhang
Abstract— In this paper, based on the questionnaire survey results of employees in labor-intensive enterprises, it is found that the employee turnover rate and employee productivity are closely related to the hierarchical structure characteristics of employees and the salary distribution system. According to the hierarchy structure characteristics of the staff needs, a kind of differentiated, more suitable for the development of the enterprise and more flexible salary incentive mechanism and a remuneration reward system are designed, which better meet the needs of employees, and more effectively reduce the staff turnover rate, greatly arouse the enthusiasm of the staff work well. The applications of this study in a shipyard show that the salary incentive mechanism and the remuneration reward system mentioned in this paper have achieved good results: both of the working efficiency and enthusiasm of employees have been greatly improved, and the employee attrition rate dramatically declined in 2019 compared with that in 2017. Therefore, this study method and the incentive mechanism can be fully applied to large and medium-sized labor-intensive enterprises, and this research has good application value.

Index Terms— The differentiation of salary system, incentive, employee attrition rate.

Shuxin Zheng is with the College of Economics and Administration, Taizhou University, Taizhou, China (e-mail: 1121561926@qq.com). Zhongguo Zhang is with the College of Computer Science and Technology, Taizhou University, Taizhou, China (e-mail: 1429494288@qq.com).

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Cite: Shuxin Zheng and Zhongguo Zhang, " Research on Employee Compensation Incentive Mechanism," International Journal of Innovation, Management and Technology vol. 11, no. 5, pp. 142-145, 2020.

Copyright © 2020 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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