Analysis of the Compensation and Benefit Management System of Chinese Enterprises Before and After COVID-19—Taking Huawei as an Example

Research Article
Open access

Analysis of the Compensation and Benefit Management System of Chinese Enterprises Before and After COVID-19—Taking Huawei as an Example

Heyuan Fang 1*
  • 1 University of Shanghai for Science and Technology    
  • *corresponding author SBC-20-0021@sbc.usst.edu.cn
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/20/20230209
AEMPS Vol.20
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-83-6
ISBN (Online): 978-1-915371-84-3

Abstract

The purpose of this paper is to analyse Huawei's approaches to compensation and benefit management before and after COVID-19 through an analysis of past literature, combined with Huawei's actual compensation and benefit adjustment measures, focusing on how Huawei responded to the epidemic and dealt with the positive impact conveyed by its compensation and benefit management system. The main contents include the motivations for Huawei's payroll payments, the restructuring of its performance appraisal system and incentives before and after the epidemic. This study found that Huawei continued to improve its compensation and benefit management system before and after the epidemic, not only to maintain the level of employee benefits, but also so that the compensation program remained effective and did not pose a risk to employee benefits. In addition, Huawei's strategies for managing compensation and benefits have important implications for other internet communication companies.

Keywords:

Huawei, COVID-19, compensation management; incentives

Fang,H. (2023). Analysis of the Compensation and Benefit Management System of Chinese Enterprises Before and After COVID-19—Taking Huawei as an Example. Advances in Economics, Management and Political Sciences,20,294-299.
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References

[1]. Balkin, D. B., & Werner, S. (2022). Theorizing the relationship between discretionary employee benefits and individual performance. Human Resource Management Review, 100901.

[2]. Zhang Y. (2016). Analysis of the design and research of the remuneration management system. Modern SOE Research, 2, 73–74. https://kns.cnki.net/KCMS/detail/detail.aspx?dbcode=CJFD&dbname=CJFDLAST2016&filename=XDGQ201602059&v=

[3]. Froese, F. J., Shen, J., Sekiguchi, T., & Davies, S. (2020). Liability of Asianness? Global talent management challenges of Chinese, Japanese, and Korean multinationals. Human Resource Management Research and Practice in Asia: Past, Present and Future, 30(4), 100776.

[4]. International Monetary Fund. (2023). Population and unemployment rate of China. IMF.

[5]. National Health Commission of People’s Republic of China. (2022, December 26). Notice on the issuance of a general programme for the implementation of ‘Category B’ management of COVID-19 infection.

[6]. Career International. (2020). Career International 2020 Talent Market Insight and Salary Guide.

[7]. National Bureau of Statistics. (2023). Average monetary wages and wage index of employed persons in urban units.

[8]. Hong, P. (2017). The Literature Review on Compensation System Design. Modern Economy, 08(09), 1119–1128. https://doi.org/10.4236/me.2017.89077


Cite this article

Fang,H. (2023). Analysis of the Compensation and Benefit Management System of Chinese Enterprises Before and After COVID-19—Taking Huawei as an Example. Advances in Economics, Management and Political Sciences,20,294-299.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN:978-1-915371-83-6(Print) / 978-1-915371-84-3(Online)
Editor:Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.20
ISSN:2754-1169(Print) / 2754-1177(Online)

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References

[1]. Balkin, D. B., & Werner, S. (2022). Theorizing the relationship between discretionary employee benefits and individual performance. Human Resource Management Review, 100901.

[2]. Zhang Y. (2016). Analysis of the design and research of the remuneration management system. Modern SOE Research, 2, 73–74. https://kns.cnki.net/KCMS/detail/detail.aspx?dbcode=CJFD&dbname=CJFDLAST2016&filename=XDGQ201602059&v=

[3]. Froese, F. J., Shen, J., Sekiguchi, T., & Davies, S. (2020). Liability of Asianness? Global talent management challenges of Chinese, Japanese, and Korean multinationals. Human Resource Management Research and Practice in Asia: Past, Present and Future, 30(4), 100776.

[4]. International Monetary Fund. (2023). Population and unemployment rate of China. IMF.

[5]. National Health Commission of People’s Republic of China. (2022, December 26). Notice on the issuance of a general programme for the implementation of ‘Category B’ management of COVID-19 infection.

[6]. Career International. (2020). Career International 2020 Talent Market Insight and Salary Guide.

[7]. National Bureau of Statistics. (2023). Average monetary wages and wage index of employed persons in urban units.

[8]. Hong, P. (2017). The Literature Review on Compensation System Design. Modern Economy, 08(09), 1119–1128. https://doi.org/10.4236/me.2017.89077