TITLE:
A Payment Optimization Model Based on Social Insurances and Housing Fund
AUTHORS:
Han Cui
KEYWORDS:
Compensation System Optimization, The Social Insurances and the Housing Fund, Labor Cost of Company, Employee Motivation
JOURNAL NAME:
Journal of Human Resource and Sustainability Studies,
Vol.5 No.2,
June
28,
2017
ABSTRACT: Payment optimization has been a concern of the corporate and academic. This article discusses the four conditions of the social insurances and the housing fund as a kind of benefit. The goal is to maximize the employee’s benefits. And the cardinal factors of compensation, such as monthly salary and the year-end bonus, are took into account as an entire. This paper takes into account the impact of social insurances and the housing fund on labor cost. It makes labor cost as a constraint to construct the compensation optimization model. And this paper takes the actual data of M company as an example. This paper makes up for the deficiency of social insurances and the housing fund in the field of tax planning. It has instructive points in the controlling of labor cost and incentive.