Summary of the Salary Theory and its Relative Theories

Zhihong Li ()
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Zhihong Li: Jianghan University

Chapter Chapter 2 in Study on the Consensus Salary System for Modern Enterprises, 2013, pp 7-15 from Springer

Abstract: Abstract Salary is the remuneration to the service of the employee by the employer and a tool of payment in the form of currency. It includes the base and the auxiliary. The former refers to the foundation to determine various allowances, insurances and bonuses. The standards to decide the basic pay consist of the following factors: labor’s skills, work experiences, labor intensity, responsibility, work importance in the enterprise strategy, fields, conditions, work years, and diploma, etc. The latter includes allowances, bonuses, free working meals, housing subsidies, etc., of which the bonuses are the remunerations to the extra labor or contributions, and allowances are those to the special labor consumption or to the extra living expenditure in the special working conditions, for example, for the particular post, or positions, or labor time, etc.

Keywords: Labor Cost; Trade Union; Human Resource Management; Productive Element; Pareto Improvement (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-3-642-29837-0_2

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