Abstract

State-owned enterprises are economic organizations in which the State owns the entire charter capital or has controlling shares or contributed capital, organized in the form of state-owned companies, joint-stock companies or limited liability companies. Compared to Private Enterprises, SOEs are often perceived as less efficient and less profitable. While private companies spend maximum profit for shareholders, SOEs are often socially responsible, work for the benefit of the people, are established to deal with the failures of the shareholders. economy. That leads to the fact that SOEs do not aim and do not need to try to maximize profits like private enterprises. In order to improve the operational efficiency and competitiveness of these businesses, the author of the article revolves around the issue of salary reform to retain personnel in this area to avoid the phenomenon of large-scale brain drain.