The "wage limit order" in the financial industry focuses on balance

  A few days ago, a "wage limit order" in the financial industry has attracted widespread attention after the incident of "showing wages" by the family members of CICC traders.

Recently, the Finance Department of the Ministry of Finance issued the "Notice of the Ministry of Finance on Further Strengthening the Financial Management of State-owned Financial Enterprises", which provides clear guidelines for the financial management of financial enterprises.

The "Notice" clarifies a series of regulations related to the remuneration of state-owned financial enterprises: reasonably control the difference in position distribution, effectively balance the income distribution relationship between the leadership team, middle-level cadres and grass-roots employees, and increase the preference for front-line employees and grass-roots employees; establish and improve Remuneration distribution deferral system and accountability and compensation mechanism; establish performance-based compensation recovery and deduction mechanism, etc.

  In fact, it is not the first time that the financial industry has issued a "salary limit order".

As early as 2010, the then China Banking Regulatory Commission issued the "Guidelines for the Steady Salary Supervision of Commercial Banks" to regulate the salary system of the banking industry. The Guidelines for Establishing a Stable Salary System for Securities Companies and the Guidelines for Performance Assessment and Salary Management of Fund Management Companies also regulate the compensation management behavior and incentive and restraint systems of the securities industry and fund industry.

  The reason why relevant policies have been promulgated one after another in recent years is that, on the one hand, the frequent occurrence of risk incidents and illegal and disciplinary incidents in the financial sector in the past two years has exposed the irregularities and imperfections of financial management and risk systems within the financial industry. On the other hand, it is also because the relevant departments attach great importance to the social benefits and sustainable development of the financial industry.

  In the past two years, due to the impact of the new crown pneumonia epidemic, domestic and foreign trade barriers, and geopolitics, the operations of many industries and enterprises have been affected, and the situation of the real economy is relatively difficult.

As the "blood" of economic development, the financial industry plays a self-evident role in the national economy. Ensuring the stability, continuity and risk control of the financial industry is not just a problem of the industry itself.

In this case, the significance of implementing a "limited salary system" in the financial industry lies in "balance".

The balance mentioned here is not only the balance of the internal structure of the industry, but also the balance between the financial industry and the whole society.

  When it comes to the internal balance of the industry, what I have to mention is the recent "Show Salary Incident". The uproar caused by it not only makes people feel that some financial enterprises have super high income, but also reflects the development level and income level of different industries. difference.

The difference in wage rates between different industries and departments is an important factor for the rise in wages and price levels. This is also the reason why the family members of CICC traders "showing wages" were finally dealt with as the husband of the person involved was suspended, and the entire industry was "silent". , requiring employees not to disclose the reasons for their compensation.

  Enterprises always believe that wages that exceed the average wage level can promote workers to improve labor efficiency, so they usually implement a salary incentive system, which is the essence of the current "basic salary + performance" salary mechanism.

However, the current "secret salary" system generally implemented in all walks of life reflects the difficulty of enterprises to balance efficiency and fairness on the other hand.

The highest efficiency usually belongs to a small number of corporate elites, while most ordinary employees are more sensitive to fairness. Therefore, rationalizing the income level difference is actually an important measure to stabilize employees' emotions, stabilize enterprise production, and stabilize economic benefits.

  We can see that several important measures of the "salary limit" this time, especially the deferred payment of salary, the mechanism for accountability and salary collection, and the heads of major business departments should purchase no less than 20% of the performance salary of the current year to be managed by the company On the one hand, it ensures the contribution of efficient wages to the economic utility of enterprises, and on the other hand, it also regulates the industry and company finance.

More importantly, in terms of social perception, relevant measures can also make the public feel the determination of relevant departments to maintain social justice.

  It should be pointed out that in recent years, many high-income industries have issued salary guidelines, including the "salary limit order" for artists, which shows that the current "salary" topic has become the focus of the public's attention.

How to make all the people feel the actual benefits brought by economic growth and achieve common prosperity will test the decision-making level of relevant departments on the distribution side.

The management of salary in all walks of life is not a simple "one limit", but should be based on the characteristics of the industry, taking into account fairness and efficiency, establish a reasonable distribution system, and grasp the control rhythm of salary incentives. Salary is not afraid of "basking" in the sun.

As long as the distribution of wealth in the whole society is fair enough, there will no longer be any industry that is afraid of "showing the wealthy", and the public will no longer need to be "jealous" to specific industries.

  (The author is co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Business School)

  Pan Helin Source: China Youth Daily

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