|Project Title:||Research on the Salary Incentive Mechanism of GT Company
|Author:||Mr. Yin Huagen
|Advisor:||Dr. Zhang Li|
|Degree:||Master of Business Administration|
The 15th National and International Academic Conference “Creating Shared-Value and Innovation for Sustainability” 18-20 January 2023
Yin, Huagen. (2022). Research on the salary incentive mechanism of GT company. (Master’s independent study). Bangkok: Siam University.
The objective of this study was to survey the satisfaction level of compensation characteristics for front-line staff at GT Catering Management Co., LTD. compared to other positions and to solve the performance salary issue to ensure employee team stability and enhance the core competitiveness of enterprises by developing the incentive system. The results found were related to compensation theory at home and abroad. Using the relevant theoretical knowledge of salary, combined with the interview results and the salary satisfaction of front-line employees’ survey, the existing front-line employee compensation system of GT Company was analyzed using mixed methodology. The quantitative primary used data from a questionnaire to analyze satisfaction with compensation. The qualitative utilized secondary data from the company to survey job analysis and evaluation solutions. The results found that the front-line staff of the company in the compensation system were at a low level of satisfaction with every prospect of compensation in the company. For future growth and development, the outcome would depend on optimizing the salary system of front-line employees from the aspects of salary structure, post salary, performance salary, and a welfare plan. Aline it with the environment of high-quality development of group meal enterprises. This would effectively ignite the enthusiasm of front-line employees, improve work efficiency, and ensure the quality of service and food quality. Then, to a certain degree, improve the service and management level of group meal enterprises.
Keywords: compensation system, optimization, evaluation, human resource management, salary.
Research on the Salary Incentive Mechanism of GT Company
Master of Business Administration (International Program), Siam University, Bangkok, Thailand