Employee Wages of Property Service Companies in China: Basis for an Improved Salary Structure

Abstract

Employees are considered as assets of an organization. Compensation and other benefits of employees can improve their performance efficiently and effectively. Formulation, Implementation and Evaluation of  employee wages  may  encourage  and retain  human  resources  as  important  talent  of an  organization.  Therefore this study was conducted  for  further  analysis  of  the  property  service  companies in China  to propose an improved salary structure for  service  property  companies. This paper aimed to propose an improved salary structure of property service companies. Through the questionnaire survey, it is found that property service company has salary  structure  in terms  of   system, policies,  performance  evaluation and  promotion  but  despite  of  many  branches  and  numerous  employees  to perform  different  work  assignment there are still certain problems occurring  in the companies  that  focuses  also on  system, polices, performance and promotion. Findings revealed that  improvement on  salary structure  and  other  benefits may be  considered  in order  to attract and  retain  employees.  From the  survey, observation  and interviewed  to  employees a  proposed  improve  salary  structure  may be  considered  in order  to  achieved  the  expected  performance  of  employees.