Broadband Salary System: An Innovative Sight of Salary Mode
LU Sheng ying, JIA Fang fang
Abstract: The problem of*the effective motivation in enterprises human resource management' has recently attracted the attention of many researchers from industry and academia. This paper introduced completely innovative way to solve the above problem-the broadband salary system which based on performance evaluation. By analyzing the advantages and present application of the broadband salary system, this thesis explores the design flow of the broadband salary system, and then pointed out the problems needing attention in introducing this new system.
Keywords: the broadband salary system，human resource management ,performance1 Introduction
Along with the development of market economy and the impact of economic globalization. The challenges that the enterprises in our country face are increasingly severe. Among all those challenges, how to attract and keep employees especially core employees has become one of the most important questions. The most effective method to attract and retain the talents is a fair and rational salary system. However, the traditional salary system of which goal is to build an inner consistence allotment system and offer the currency support for the company staff that lack the long-term motivation. And could not stir up the enthusiasm of the employees. Therefore, developing an innovative mode of salary System which can encourage the staff to keep working with high- performance has become an essential subject for enterprises. The broadband salary system. which is a new kind of salary management mode. can be the improvement or substituting of the traditional vertical salary system and combine the interest of both the employees and the business together.2 Concept and Application of the Broadband Salary System
2.1 Concept of the broadband salary system
Broadband salary is a newly- -arising salary design system which is fit for the modem firms flat organization structure and the management pattern based on performance. According to the definition of the American Salary Management Society, broadband salary system means reforming the number and changing range of the salary structure, so as to establish a salary system which contains relatively less salary grades and wider salary changing ranges. Generally speaking, the change rate between the maximum value and the minimum value of the salary grades in this new system should be no less than 100%. A typical structure of broadband salary might have not more than four salary grades meanwhile the change rate in every salary grade may be 200% or even 300%. In the traditional structure however. the change rate usually is only 40%to 50% .The most important feature of the broadband salary system is to condense a large number of salary grades into a smaller number of bands with wider spans, thus form a new salary administrative system and operation flow in order to allow flexibility in managing Pay while maintaining market competitive pay opportunities. For example , before 1990s IBM used a 24- - grade salary system and merges into a 10 wider range salary grade later.
2.2 The advantages of broadband salary system
In the traditional compensation system. the employee s income always matches his administrative status or the grades in the organization, the higher he situate the more he gets. But under the influence of the worldwide revolution of fatting organizational structure. the grades of enterprises greatly reduced, so the job grade and the promotion chance is limited and the traditional compensation system cannot play an effective incentive effects. Compared with traditional salary, management mode the broadband salary system has the following advantages:
Firstly, the broadband salary system supports the flat organization structure. Since 1990s. many enterprises begin to replace the traditional Pyramid Organization Structure by the flat organization structure gradually. The flat organization structure reduced the number of the position in enterprises. And decreased the promotion chance accordingly, which influence the probability of salary increase. The broadband salary system. which broken the strict hierarchy maintained and strengthened by the traditional salary system, has just solved this problem.
Secondly, the broadband salary system can lead staff to pay attention to increase personal skill and improve self-ability. The broadband salary system can weaken the importance of position stresses the personal role and emphasizes tl le status of performance. The employees can obtain a big rising space in salary without promotion. For example, an excellent technical worker may probably get a higher payment than department manager who just takes office.
Encouraging the department managers to be involved in making compensation decision of the staffs is another advantage of the broadband salary system. In the traditional salary structure. except the manager of Human Resource Department. No one has the right to decide the wage standard. While in broadband salary system which based on the individual performance to a great extent. the department manager can give more suggestions about the salary of the subordinate employees in his sector or even make the final decisions.
Finally, the broadband salary system can enhance the team spirit of the corporation. Because the broadband salary could objectively weaken the individual discrimination and psychological imbalance of employees resulted by position difference. it help to stabilize enterprises to a certain extent. This is very significant to improve overall profitability of companies.
2.3 The application of broadband salad system
Nowadays, the broadband salary system was widely used in European and American countries as a kind of effective tool on salary management area. Take General Ele
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