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Reflections on the Improvement of the Method of Compensation Payment

Mao Jiayi

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Abstract

In view of the problems with the payment of compensation for cancellation of staff employment contracts,an analysis is made of the relationship between compensation standard and number of lay-offs.It is argued that compensation standards should be established in light of the length of time employed,the mandatory age for retirement (or lawful expiration of the employment contract),and the time for re-employment.As such,a mathematic model is established to improve the method of compensation payment.

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What this paper is about

In view of the problems with the payment of compensation for cancellation of staff employment contracts,an analysis is made of the relationship between compensation standard and number of lay-offs.It is argued that compensation standards should be established in light of the length of time employed,the mandatory age for retirement (or lawful expiration of the employment contract),and the time for re-employment.As such,a mathematic model is established to improve the method of compensation payment.

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Available abstract

In view of the problems with the payment of compensation for cancellation of staff employment contracts,an analysis is made of the relationship between compensation standard and number of lay-offs.It is argued that compensation standards should be established in light of the length of time employed,the mandatory age for retirement (or lawful expiration of the employment contract),and the time for re-employment.As such,a mathematic model is established to improve the method of compensation payment.

Key concepts: Compensation (psychology), Payment, Actuarial science, Business, Expiration, Expiration date, Accounting, Labour economics

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