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On the Use of Incentive Pay in Chinese State-owned Enterprises.doc

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On the Use of Incentive Pay in Chinese State-owned Enterprises.doc

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On the Use of Incentive Pay in Chinese State-owned Enterprises.doc

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文档介绍:原文:
On the Use of Incentive Pay in Chinese State-owned Enterprises:
The Role of Hierarchy
Bodmer , Frank
1. Introduction
An important aim of Chinese economic reforms has been the improvement of the incentives in state-owned enterprises (SOEs).Before reforms, workers enjoyed almost absolute job were tied to a seniority system, and did not depend on effort. This system has been relaxed, and it has at least in theory e possible to dismiss workers, or to tie their salary to their prominently, pensation has been made dependent on results of enterprise activity such as profits or the attainment of output targets. Thus, incentives for workers to contribute effort should have been improved. Also, the role of the top manager has changed. While he was mainly a recipient of orders before the beginning of reforms, he has started to enjoy autonomy and responsibility for a variety of decisions. The evidence on the labor reforms is generally fairly positive. It has been found that bonus payments have a strongly positive effect on firm productivity and there is evidence for a developing labor market for top managers. However, it has also been found that the wage structure pressed at the end of the 1980s.
pressed wage structure is something of a puzzle if one
thinks that wages have e dependent on performance. In this case, one would rather expect an increa