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Title: |
Basis Theories and Principles of College Faculty Compensation Design |
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Source: |
International Conference on Engineering and Business Management 2012(Part 1 Enterprise Operation and Management（1）)
(pp 699-702)
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Author(s): |
Qian Li, School of Humanities and Law, Northeastern University, Shenyang, China;School of Management, Jilin Normal University, Siping, China
Wanbing Shi, School of Humanities and Law, Northeastern University, Shenyang, China |
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Abstract: |
College faculty’s compensation system becomes more and more important to support the strategic objectives of college. Based on the demand and supply theory, efficiency wage theory, human capital theory, equity theory and related research put forward the strategic, equitable, competitive, incentive principles of compensation design combined with the college faculty’s characteristics such as high educated and high invested, complex work, work is difficult to calculate, with strong innovation, diverse need hierarchy and so on.
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