Application and Practice Exploration of Total Compensation Strategy in the New Era

DOI

10.2991/978-94-6463-542-3_79How to use a DOI?

Keywords

Total compensation; external motivation; internal motivation

Abstract

The total compensation strategy is a compensation system in which enterprises comprehensively encourage individuals or teams who have made contributions in order to achieve organizational strategic goals. It focuses on actions, attitudes and achievements that help organizations achieve organizational goals, including not only traditional salary items, but also capacity-building programs and non-material reward programs that motivate employees. Total compensation is not only to pay wages, but also a strategic management tool, which can help enterprises achieve their business goals and enhance employees’ satisfaction and loyalty.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yunfei Xu
AU  - Hui Xu
PY  - 2024
DA  - 2024/10/15
TI  - Application and Practice Exploration of Total Compensation Strategy in the New Era
BT  - Proceedings of the 2024 2nd International Conference on Management Innovation and Economy Development (MIED 2024)
PB  - Atlantis Press
SP  - 691
EP  - 696
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-542-3_79
DO  - 10.2991/978-94-6463-542-3_79
ID  - Xu2024
ER  -