Medium and long-term incentives can increase the salary resources of most state-owned enterprises and are more suitable for key core talents.
At present, there are many policy tools for medium and long-term incentives of state-owned enterprises. How many weapons are there in the medium and long-term incentive toolbox? Let's have a look.
1, Overview of medium and long-term incentive tools
At present, the common medium-and long-term incentive tools of state-owned enterprises are mainly divided into three categories: equity, investment and dividends, including the following typical incentive tools:
2. The characteristics of various medium and long-term incentive tools
motivation model
Core definition
Conditions of use
Policy basis
Employee stock ownership
In state-controlled mixed-ownership enterprises, pilot projects of employee stock ownership will be carried out. Employees will buy shares of the company according to their own wishes and hold them for a long time, and the rights and interests of the shares will be distributed according to the agreement.
1. Mixed reform enterprises and non-public capital account for a certain proportion, and the board of directors has checks and balances; 2. More than 90% of the operating income and profits come from the external market of the Group.
133 "opinions on the pilot project of employee stock ownership in state-controlled mixed ownership enterprises"
Equity sale
In the state-controlled scientific and technological enterprises, the state-owned shareholders should sell the equity of the enterprise to the incentive object by agreement at a price not lower than the asset evaluation result.
It is applicable to state-owned scientific and technological enterprises, including: high-tech enterprises recognized by the state, enterprises in transformed institutions, scientific and technological enterprises invested by universities and research institutes, enterprises listed in the "National Information Database of Small and Medium-sized Scientific and Technological Enterprises" of the Ministry of Science and Technology, and scientific and technological service institutions recognized by the state and the province.
Interim Measures for Equity and Dividend Incentives of State-owned Science and Technology Enterprises No.4.
Equity reward
In state-controlled technology-based enterprises, the company's equity reward must be combined with equity sale, and the incentive amount for equity reward shall not exceed 65,438+05% of the net asset appreciation formed by accumulated after-tax profits in recent three years.
In addition to the identification of state-owned scientific and technological enterprises, it is also required that the net asset appreciation formed by accumulated after-tax profits in the past three years should account for more than 20% of the total net assets at the beginning of the past three years, and the undistributed profits at the beginning of the year are positive when the incentive is implemented.
Interim Measures for Equity and Dividend Incentives of State-owned Science and Technology Enterprises No.4.
Employee stock option
In the state-controlled science and technology enterprises, employees are granted stock options, the exercise price is stipulated, and the performance appraisal targets for the grant and exercise of stock options are agreed. If the incentive object pays the corresponding contribution in installments, it will participate in the profit distribution of the enterprise with the equity corresponding to the actual contribution.
It is only applicable to small high-tech enterprises, and large and medium-sized enterprises are not allowed to use stock option incentives.
Interim Measures for Equity and Dividend Incentives of State-owned Science and Technology Enterprises No.4.
Transformation of scientific and technological achievements into shares
Where the investment is based on the scientific and technological achievements of the post, the proportion of not less than 50% shall be drawn from the shares or investment proportion formed by the scientific and technological achievements.
Clear joint venture with external institutions, and evaluate the share price with the scientific and technological achievements of the post.
Law of People's Republic of China (PRC) Municipality on Promoting the Transformation of Scientific and Technological Achievements and Interim Measures for Equity and Dividend Incentive of State-owned Scientific and Technological Enterprises.
Restricted stock
The shares of the company whose rights such as transfer are restricted according to the conditions stipulated in the equity incentive plan. With the private placement model, the incentive object needs to raise funds to buy shares of the company.
listed company
Guidelines for the implementation of equity incentives for listed companies controlled by central enterprises and measures for the administration of equity incentives for listed companies.
the stock option
The listed company grants the incentive object the right to buy a certain number of shares of the company at a predetermined price and conditions in the future.
listed company
Guidelines for the implementation of equity incentives for listed companies controlled by central enterprises and measures for the administration of equity incentives for listed companies.
stock appreciation rights
The incentive object is granted the right to gain a certain amount of market value growth of the company's shares in a certain period of time, and it is agreed that when certain performance targets are achieved, cash rewards will be given to the incentive object according to the price growth of the company.
listed company
Guidelines for the implementation of equity incentives for listed companies controlled by central enterprises and measures for the administration of equity incentives for listed companies.
Virtual equity
The incentive object does not give physical shares, but enjoys equity income and equity appreciation by electronic bookkeeping, with only dividend rights and book appreciation rights, but no ownership and voting rights.
Enterprises with clear asset boundaries and independent accounting are not convenient to adopt entity equity incentives.
Detailed policy guidelines have not yet been released.
Project follow-up investment
For risk-oriented business, the project follow-up and investment mechanism is implemented with enterprise investment as the main body and core employees as participants.
State-owned enterprises to carry out related risk-based new business pilot, new model, new format and other projects; Key implementation conditions: the main business income is the external market of the group.
Detailed policy guidelines have not yet been released.
Project bonus
Taking the transformation income of scientific and technological achievements as the target, the project income dividend method is adopted. If the post scientific and technological achievements are transferred or licensed to others, the proportion of not less than 50% shall be drawn from the net income of the transfer or license of the scientific and technological achievements; If the scientific and technological achievements of this post are implemented by themselves or in cooperation with others, the proportion of not less than 5% will be extracted from the operating profit of scientific and technological achievements every year for three to five consecutive years after the transformation is successfully put into production.
Clear scientific and technological achievements transformation projects and income accounting.
Law of People's Republic of China (PRC) Municipality on Promoting the Transformation of Scientific and Technological Achievements and Interim Measures for Equity and Dividend Incentive of State-owned Scientific and Technological Enterprises.
After dividend
Taking the enterprise's operating income as the goal, the dividend standard is determined according to the importance and contribution of the post in the industrialization of scientific and technological achievements, and the post is rewarded.
In addition to the identification of state-owned scientific and technological enterprises, it is also required that the net asset appreciation formed by accumulated after-tax profits in the past three years should account for more than 10% of the total net assets at the beginning of the past three years, and the undistributed profits at the beginning of the year are positive when the incentive is implemented.
Interim Measures for Equity and Dividend Incentives of State-owned Science and Technology Enterprises No.4.
Excess profit sharing
It is stipulated that on the basis of achieving a certain profit target, a certain proportion of the excess will be extracted for three-year regular incentives.
An organization that fully competes in the field and directly creates profits. Key implementation conditions: ① commercial enterprises; (2) The business model is stable and mature, and the business term expires for 36 months; ③ The realized profit this year and the undistributed profit at the beginning of the year are positive.
Detailed policy guidelines have not yet been released.
3. Different types of enterprises apply different medium and long-term incentives.
The above is the medium and long-term incentive toolbox encouraged and allowed by current policies. Different enterprises, industries and development stages will naturally apply different incentive models. The medium and long-term incentive of state-owned enterprises needs to design different types of medium and long-term incentive tools according to different levels of organizations or different types of post personnel in the enterprise, and form a combined incentive model.
Medium-and long-term incentives are a major event, a major event and a new thing. Let's see clearly, understand and do it!
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