Abstract: The regulation mechanism of total compensation and performance compensation in state-owned enterprises is important in the new economic situation. Human resource management needs to analyze and judge the quantitative relationship between key indicators such as labor cost，revenue and profit according to the changes of enterprise strategy and objectives, and achieve a relatively dynamic balance between enterprise business objectives and human capital investment through strategy formulation and dynamic regulation of indicators. This paper is to explore a control mechanism that can reasonably determine the total salary and performance salary of the enterprise according to its own economic situation，continuously improve the enthusiasm of employees，strive to achieve the sustainable development goal of the enterprise.

Key words: labor cost, total salary, total compensation, performance salary, new economic situation