Proceedings of the 2015 International Conference on Management Science and Management Innovation

Study on Labor Cost Management Efficiency Using TOPSIS: Evidence from Hebei Southern Power Grid

Authors
Lei Wen, Jian-Feng Weng
Corresponding Author
Lei Wen
Available Online August 2015.
DOI
https://doi.org/10.2991/msmi-15.2015.1How to use a DOI?
Keywords
Hebei southern power grid, Labor cost management, TOPSIS approach.
Abstract
Labor cost management and establishment of labor cost input-output efficiency system of subsidiaries are crucial for taking countermeasures against compatibility between salary growth of employees and enterprise's efficiency. An empirical research on labor cost management towards Hebei Southern Power Grid (subsidiary of State Grid) is then conducted via TOPSIS approach to implement annual performance review of ten subsidiaries. This study decomposes labor cost index system into eight indexes from perspective of static index and dynamic, then integrates the management of recruitment, compensation and relevant expenses, and simultaneously analyses the adaptability of labor cost variation trend and development level. Eventually, several scientific conclusions from the analysis are proposed, including the labor cost management rank of ten subsidiaries respectively and relevant incentives and disincentives.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
2015 International Conference on Management Science and Management Innovation (MSMI 2015)
Part of series
Advances in Economics, Business and Management Research
Publication Date
August 2015
ISBN
978-94-62520-90-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/msmi-15.2015.1How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Lei Wen
AU  - Jian-Feng Weng
PY  - 2015/08
DA  - 2015/08
TI  - Study on Labor Cost Management Efficiency Using TOPSIS: Evidence from Hebei Southern Power Grid
BT  - 2015 International Conference on Management Science and Management Innovation (MSMI 2015)
PB  - Atlantis Press
SP  - 1
EP  - 6
SN  - 2352-5428
UR  - https://doi.org/10.2991/msmi-15.2015.1
DO  - https://doi.org/10.2991/msmi-15.2015.1
ID  - Wen2015/08
ER  -