What Are the Different Types of Payroll Qualifications?
Salary types are generally divided into 1, fixed monthly salary, 2, monthly salary, 3, daily salary, 4, hourly salary, 5, piece rate, and 6, annual salary.
Salary type
- Salary types are generally divided into:
name | Salary structure | Evaluation Object | Value quantification | Mechanisms that translate into compensation | Salary increase | Managers' focus | Employee concerns | program | advantage | Disadvantage |
Job-based pay structure categories | Based on work done and market | Remuneration element | Weights of reward element levels | Points awarded reflecting standard pay structure | Promotion | Employee-to-work matching, promotion and configuration, controlling costs through work, compensation and budget | Seek promotion for more pay | Job analysis, job evaluation | Clear expectations, a sense of progress, pay based on the value of the work done | Potential bureaucracy, lack of flexibility |
Skill-based compensation structure | Based on proven skills and markets | Skill section | Skill levels | Skill certification and market pricing | Acquisition of skills | Effective use of skills, provision of training, cost control through training, skills certification and work arrangements | Seeking improvement in skills | Skill analysis, skill certification | Continuous learning, flexibility, streamlined staffing | Potential bureaucracy and high demands on cost control |
Competency-based compensation structure |
| ability | Ability level | Proficiency certification and market pricing | Capacity development | Ensuring capabilities add value, providing opportunities for capacity development, controlling costs through competency certification and work arrangements | Seeking improvement | Ability analysis, ability certification | Continuous learning, flexibility, horizontal mobility | Potential bureaucracy, cost control required |
Different salary types
- Different salary structure: The salary range of the post salary system and the level salary system is different: The ratio of the difference between the salary of the corporate boss and the salary of the ordinary grass-roots employees is about 1: 20 ~ 1: 100. Pay policies should be formulated according to market needs. How can salary management have an effect and serve the purpose of serving the company's operating efficiency? The practices of some domestic and foreign enterprises are worthy of our study and reference.
Common types of salary
- Basic work goals / basic work methods / basic work content The basic work goals are to get employees paid, and at the same time to motivate employees to serve the business benefits of the enterprise. Human resources experts believe that if the company's wages deviate from this, it will not be a company in the modern sense. The basic working methods and work contents are not much different, and there may be some differences, but the basic work contents such as wage policy, salary policy, and overall structure design are the same in modern enterprises.