MINISTRY OF EDUCATION AND TRAINING HO CHI MINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION GRADUATE THESIS INDUSTRIAL MANAGEMENT MAJOR IMPROVING THE PERSONNEL REMUNERATION POLICY AT HOANG GIA EDUCATION AND TRADING JOINT STOCK COMPANY (ROYAL CHESS) INSTRUCTOR: HA NGUYEN MINH QUAN STUDENT: LE NGUYEN THAO NGUYEN STUDENT ID: 16124048 SKL 0 0 7 3 8 6 Ho Chi Minh city, August 2020 do an HO CHI MINH CITY UNIVERSITY OF TECHNOLOGY AND EDUCATION FACULTY OF HIGH QUALITY TRAINING GRADUATE THESIS TOPIC: IMPROVING THE PERSONNEL REMUNERATION POLICY AT HOANG GIA EDUCATION AND TRADING JOINT STOCK COMPANY (ROYAL CHESS) Student’s name : Le Nguyen Thao Nguyen Student ID : 16124048 Course : 2016 Major : Industrial Management Instructor : Msc. Ha Nguyen Minh Quan Ho Chi Minh City, August 2020 i do an NHẬN XÉT CỦA GIÁO VIÊN HƯỚNG DẪN ------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- Tp. HCM, ngày …tháng…năm…… Giảng viên hướng dẫn ii do an NHẬN XÉT CỦA GIÁO VIÊN PHẢN BIỆN ------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------- Tp. HCM, ngày …tháng…năm…… Giảng viên phản biện iii do an ACKNOWLEDGMENT After working at Hoang Gia Education and Trading Joint Stock Company, I have helped her to have a realistic view of the working environment in the business, and also helped me to concretize practical reasoning.
, contribute to improving their knowledge. In order to achieve such great results today, I would like to express my sincere thanks to the teachers and teachers for imparting valuable knowledge over the past four years. Especially, Master Nguyen Ha Minh Quan has guided me to complete this Graduation thesis with all the sense of responsibility and enthusiasm, helping me to be more confident when I come to reality. I would like to express my sincere thanks to the Board of Directors, the Accounting Department for facilitating me to collect data and Ms.
Tran Thanh Giang has enthusiastically helped me so that I could learn and exchange working and studying experiences. in the past. With limited time to work, so this thesis is inevitable. I look forward to the comments and further guidance of the teachers, the Board of Directors and the brothers and sisters working at Royal Chess.
Finally, I would like to wish our teachers, the Board of Directors and all the brothers and sisters in the company good health and success in life. Ho Chi Minh City, August 2020 Student Le Nguyen Thao Nguyen iv do an LIST OF ABBREVIATIONS Acronyms Description Royal Chess Hoang Gia Education and Trading Joint Stock Company HRM Human Resource Management ILO International Labor Organization FIDE International Chess Federation. S&M Sale & Marketing Dep’t Department v do an LIST OF TABLES Table 3.1 The human resource situation of Royal Chess in the period 2017-2019.2 Personnel’s educational background in 2019 .3 Number of personnel needed to recruit in the first three months of 2020 .3 Salary grade of the training department .5 Royal Chess year-end bonus table for 2019.6 Types of allowances at Royal Chess. Insurances pay rate for 2019.
36 vi do an LIST OF FIGURES Figure 1.1: Company Organization chart .2: Business performance of Royal Chess in the period 2017 –2019 .1 Basic expectancy model (Fred C.2 Dimensions of Equity (Jeffery, A.1 Components of Employee Remuneration (K.2 Influencing Factors of Remuneration (K. 20 vii do an TABLE OF CONTENTS NHẬN XÉT CỦA GIÁO VIÊN HƯỚNG DẪN. ii NHẬN XÉT CỦA GIÁO VIÊN PHẢN BIỆN .iv LIST OF ABBREVIATIONS. v LIST OF TABLES .vi LIST OF FIGURES.
vii TABLE OF CONTENTS. Aim of the study:. Scope of the study:. Method of implementing the topic:.
2 CHAPTER 1: OVERVIEW OF THE COMPANY .1 Introduction about Hoang Gia Education and Trading Joint Stock Company (Royal Chess) .1 The general information.2 Vision, mission and core values .5 The company's perspective on employees .6 Business performance of Royal Chess. 7 CHAPTER 2: THEORETICAL BASIS .1 The fundamental theories of motivation .1 Vroom’s Expectancy theory.1 Definition of remuneration .2 Components of Employee Remuneration. Factors influencing employee remuneration. 23 viii do an CHAPTER 3: ACTUAL SITUATION OF PERSONNEL REMUNERATION AT THE COMPANY .1 Human resource at the company .1 Labor situation of the company.2 Human resources planning .3 Recruitment and Selection .2 The actual situation of financial remuneration at Royal Chess .1 Direct financial remuneration .2 Indirect financial remuneration .3 The situation of non-financial remuneration at Royal Chess .1 Remuneration arises from the work itself.2 Remuneration related to the working environment .3 Remuneration relates to professional training programs .4 Overall evaluation of remuneration policy at the company.
42 CHAPTER 4: PROPOSED SOLUTIONS TO IMPROVE PERSONNEL REMUNERATION AT ROYAL CHESS .1 Solutions group of long-term nature .1 Improve business performance. Improve the professional qualifications of employees.3 Building corporate culture .2 Group of specific solutions .1 Salary and bonus solutions .2 Indirect financial Remuneration .3 Solutions for non-financial remuneration. 51 ix do an INTRODUCTION 1. Rationale Human resource remuneration is an important function of human resource management.
An enterprise with a reasonable personnel compensation policy will bring great effects in encouraging and using human resources effectively, contributing to the overall success of the company. Hoang Gia Education and Trading Joint Stock Company (Royal Chess) operates in the field of education. A specific area where the human factor is of prime importance, irreplaceable and greatly affects the success of the business. Human resources in this field are quite specific, mainly from former professional athletes.
Nowadays, with the strong development of chess movement not only in the world in general but also in Vietnam in particular, schools from private to public are gradually making chess appear in elective subjects or gifted subjects. With the strong development of the chess movement today, especially young tournaments, in the near future requires a considerable amount of work force in this field. However, a sad fact is that most people operating in this field for a long time are limited. Therefore, retaining employees as well as creating competitive advantages in the market requires the company to have good remuneration policies to satisfy employees and attract quality human resources in the current period.
During the time working at Royal Chess, I found that the compensation for personnel at the company has promoted some advantages, but there are still many limitations to overcome. Recognizing the importance of personnel compensation in the survival and development of the company, I decided to choose the topic "Improving the personnel remuneration policy at Hoang Gia Education and Trading Joint Stock Company (Royal Chess)" 2. Aim of the study: Systematize theoretical and practical basis for personnel remuneration Analyzing the current situation of personnel remuneration policies at Hoang Gia Education and Trading Joint Stock Company. 1 do an Proposing solutions and recommendations to complete the personnel compensation policy of the Company until 2023 3.
Scope of the study: Time range: The topic is studied based on data collected from field surveys and documents related to the topic from 2017 to 2019, taking 2020 as the year of analysis. Space range: The subject was researched at the human resources department of Hoang Gia Education and Trading Joint Stock Company. Address: 47 Ho Ba Kien, Ward 15, District 10, Ward 12 District 10 Ho Chi Minh The topic is also expanding the scope of space from the fact finding in some companies operating in chess industry. Method of implementing the topic: Data collection methods: - These are necessary information for research issues such as theoretical basis, basic information about Hoang Gia Education and Trading Joint Stock Company.
- Gather information from the Accounting Department: Income statement, payroll. - Gather information from human resources department: Organization structure, personnel situation, organizational structure. Methods of analysis: Analyze the data related to the topic and make comments based on the analysis results. Topic layout The graduation thesis report consists of 4 chapters: Chapter 1: Introducing overview about the company Chapter 2: Theoretical basis Chapter 3: Actual situation of personnel remuneration at the company Chapter 4: Proposing solutions to improve personnel remuneration at Royal Chess 2 do an CHAPTER 1: OVERVIEW OF THE COMPANY 1.1 Introduction about Hoang Gia Education and Trading Joint Stock Company (Royal Chess) 1.1 The general information • Head office: 47 Ho Ba Kien, Ward 15, District 10, Ho Chi Minh City.
• Abbreviation: Royal Chess. • Company's logo: • Phone: 028 6272 6182.vn Currently, with the success of Vietnamese chess in the international arena, this intellectual sport is gradually receiving much attention from the community. The training of chess has also become a matter of social attention and encouragement of development. Training a chess player to be a good player is not an easy task.
In addition, more than that, bringing the benefits of chess to the community is even more difficult. However, only when doing both of the above, will chess training be meaningful and truly become a need, a motivation for the development of thinking as well as human development. In addition, the chess playing fields at the provincial and city levels are very few; the community has not invested and cared properly. The events and social 3 do an activities related to chess are still lacking, not commensurate with the development of chess in Vietnam.
Therefore, with the motto "Creating passion, developing thinking, training personality", Hoang Gia Trading and Investment Joint Stock Company was born, in order to bring the benefits of international chess tissue to society, especially are children. With a team of enthusiastic staff and teachers, with many years of experience in the training of chess for children, Hoang Gia Trading and Investment Joint Stock Company brings the chess learning environment along with personality training, development people and create playgrounds, chess events useful for society. Not only wants to train good chess players, but also through learning chess to develop skills in logical thinking - creativity, analytical skills, planning ability, discipline, and confidence, independence in thinking. From there, towards perfecting the human personality.
Along with the development of chess subjects, the size of the company is growing and the entire company wants to cooperate with those who love chess, love children and desire to develop education through the intellectual subject.2 Vision, mission and core values Vision Become the leading chess event organizer in Vietnam and the popular and professional chess training company according to international standards. It is home to a diverse community of sports enthusiasts and a diverse and leading provider of chess-related products. Mission To popularize chess subjects, bring chess and the benefits of these intellectual sports to everyone, especially children and young people. To develop deeply and broadly the Vietnamese chess movement through appropriate and professionally organized events, thereby contributing to the creation of a team of dedicated and capable employees who bring services best for customers.
4 do an Core values • Chess training goes hand in hand with personality training, human development. • Always directing to the community and society. • Service is always available and quality guaranteed. • Development of human resources with the dedication to education as the foundation, work efficiency as a guide.
• Solidarity - Professionalism - Innovation.3 Educational system Training general chess: teaching chess by age, general curriculum, teaching methods to create passion and bring joy to learners. Gifted chess training: advanced teaching methods, combination of general and special curriculum, methods of practicing professional chess athletes. Teachers: Well-trained to complete the work to benefit chess subjects to students.4 Organizational structure • Have good professional qualifications. • Be mindful of educating people.
Board of Director Administration - Sale - Marketing Accounting Training Dep't Office Dep't Dep't Dep't Figure 1.