Academic Journal of Business & Management, 2023, 5(27); doi: 10.25236/AJBM.2023.052711.
Zhisan Zhu, Zuoxu Xie
Department of Personnel, Wenzhou Medical University, Wenzhou, China
Compensation incentives play an essential role in human resource management. They serve as a critical method for attracting and retaining outstanding talent while also effectively motivating employees and enhancing performance. This paper delves into the significance of compensation incentives in human resource management, along with the factors that impact the efficacy of compensation mechanisms in providing incentives. Additionally, it presents strategies for optimizing compensation incentives. The goal is to offer theoretical support and practical guidance for corporate talent incentive strategies, enabling companies to better attract, retain, and motivate talent, foster innovation and development, and strengthen their competitiveness and sustainable development capabilities.
compensation incentive, human resource management, optimization Strategies, enterprise performance
Zhisan Zhu, Zuoxu Xie. The Role and Optimization Strategies of Compensation Incentives in Human Resource Management. Academic Journal of Business & Management (2023) Vol. 5, Issue 27: 63-67. https://doi.org/10.25236/AJBM.2023.052711.
[1] Lu X, Jiao J, Zhu S. Ordinary employees' salaries,corporate size and growth:Evidence from the panel data of Chinese listed firms [J]. Journal of Tsinghua University, 2011, 51(12): 1908-1916.
[2] Wang Chunxiao, Wu Xiaoyi, Zhang Xiujuan. The impact of Pay Fairness on Employees’ Woek Attitudes and Behavior [J]. Nankai Business Review, 2006(06): 5-12.
[3] Lv Yongwei, Wang Zhenzhen. Empirical Study on the Incentive Effect of High-Skilled Talent Compensation: The Impact of Compensation Incentives on Job Satisfaction and Performance [J]. Journal of Industrial Technological Economics, 2010, 29(09): 84-88.
[4] Wang Hongfang, Yang Junqing, Li Ye. The Curvilinear Relationship and Mechanism Between Compensation and Employee Job Satisfaction [J]. Business and Management Journal, 2019, 41(07): 105-120.
[5] CHOI S B. The Compensation Gap between Top Management Team (TMT) and Employee, and Firm Performance: Moderating Role of Promotion Probability and Opportunity, and Satisfaction with TMT [J]. Journal of the Korean Society for Quality Management, 2021, 49(3): 313-326.