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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. Introduction Overwhelming evidence indicates that research on labor cost management has been at the vanguard of attention for international and national enterprise efficiency. Despite fairly mature international study of labor cost management since R.OWEN, China has exerted continuous effort to develop theory of labor cost management, meanwhile experience multiple study objects, from simple salary to a combination of salary and bonus, later staff motivation etc. Hence, an enormous study potential in labor cost management needs to move on. Hebei Southern Power Grid (hereafter referred to as HSPG), shoulders power responsibility across ten cities owning 15,800 square kilometers and 10,500,000 people. With the grid of 35 kV substations 152 and power transmission capacity of 10.71 million KV, gross electricity sales reach 15.236 billion kwh, accounting for year-on-year growth of 2.86% at the top of performance appraisal comprehensive rankings in provincial grid company. Currently, HSPG has achieved the goal of monitoring of total amount, structure optimization and improvement of efficiency due to the overall manufacturing regulation rigidly and the universal PDCA system, i.e. accounting system, budgeting system, efficiency warning system and outcome assessment system[1-2]. Labor cost management is critical for the compatibility between salary growth and enterprise's efficiency, meanwhile the regulation of enterprise behaviors of income distributions to guarantee scientific development [3-4]. In this context, this paper takes a further note of the sound labor cost system of regulation under the empirical observation of subsidiaries, which is linked with the requirement of State Grid and combined with the management pattern of HSPG. Section 2 provides an overview of the main modeling process of TOPSIS method logically. Continuously, section 3 discusses performance evaluation of HSPG using TOPSIS approach, including yearly index system, data processing, rewards and punishments. Eventually, this paper concludes with a discussion of policy recommendations that derived from conclusions and discussions in section 4. Methodology This paper presents a specific application of TOPSIS method in labor cost performance measurement, which has more advantages in multi-objective-decision-making. Based on, TOPSIS 1 International Conference on Management Science and Management Innovation (MSMI 2015) © 2015. The authors Published by Atlantis Press serves to obtain optimal and worst schemes respectively represented by optimal and worst vectors, then calculate the distance of evaluation objects from optimal and worst schemes. Subsequently, figure out relevant closeness from evaluation objects to optimal and worst schemes, regarding it as the base of assessment [5]. The modeling process is proposed as below. Firstly, the translation of decision-making matrix A into normalized decision-making matrix Z. The elements of Z is calculated as Z ` ij.

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