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Pay Satisfaction of A Bank’s Employee
|Publication Year :||2014|
Along with the thorough openness of China's bank authorization since December 2006, a large number of foreign banks came to China, which exacerbated the domestic competition among commercial banks. Bank competition is no doubt talent competition. How to attract first-class talent with first-rate compensation, and create first-rate competitiveness and performance with first-class talent, and then pay first-rate salary by first-rate performance? This issue is urgent and practical significance to every commercial bank. In recent years, the bank employees’ pay structure has become increasingly abundant, the pay gap is growing; Meanwhile, more and more frequent job-hopping employees, staff turnover increasing, mainly due to the reason provided by the bank salaries so that employees are not satisfied with the result. How to make banks gain more and get ahead through compensation management, which requiring more in-depth study in pay satisfaction. Banks can arouse the staff enthusiasm, initiative and creativity only after having a deep understanding of factors which affect employee pay satisfaction, maintain and meet the staff multi-level needs. And then banks can retain talent, compete in the expanding market and further enhance competition force.
Based on the theoretical and empirical experience of other scholar, this article made a research on the staff salary satisfaction of A Bank, which is located in Shanghai, analyzed compensation management problems of A bank, such as compensation level, salary calculation and payment, compensation system, etc., combined with A bank employee situation and the banking characteristics, make recommendations on how to improve pay satisfaction. The collected data were analyzed by statistical methods of descriptive statistics and analysis of variance. Also, this article further illustrated that the improvement of pay satisfaction is not a simple salary increase. Banks should pay more attention to management methods, the implementation process and the ultimate goal of compensation management.
|Appears in Collections:||臺大-復旦EMBA境外專班|
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