Chapter 878 Incentive System
"Mr. Lin is here!"
"Mr. Lin, I'm finally looking forward to you!"
After noon, the Ministry of Electronics Industry of China and his party had a look at the canteen of the New Venture Electronics Group, what is called the world's famous chef, gathered in the kitchen.
However, the group came to Hong Kong because they wanted people, and after eating and drinking, they were still a little uneasy when they didn't see Lin Qi for a long time.
Now after seeing Lin Qi come over in person, the group from the Ministry of Electronics Industry couldn't help but feel a burst of excitement.
After Hu Weiwu introduced Minister Hu and his entourage from the Ministry of Electronics Industry to Lin Qi, Lin Qi shook hands with Minister Hu and others one after another.
After that, Minister Hu did not rush to ask Lin Qi for help, but asked, is it really necessary for Lin Qi's group headquarters to offer such a high salary to people?
"This is necessary!" Lin Qi said, "Only if you have enough money can you be qualified to squeeze out the potential of talents." Moreover, the role played by the top talents of the pyramid will be 100 times 1000 times higher than that of ordinary mediocre talents. In particular, the role of top talent in the cutting-edge technology industry is crucial. In the process of competition, even if you have millions or tens of millions of ordinary people, if you don't have the most elite geniuses who contribute creative wisdom and innovation, you won't be able to play much. ”
Subsequently, Lin Qi briefly talked about the management and incentive system of the employees of the headquarters of Xinxin Chuangye Electronics Group after continuous changes.
Although Xinchuang Electronics Group provides employees with top benefits and returns, it is not easy to become the core employee with the highest rate of return for the company.
The headquarters of the new venture electronics group will not be a nursing home. For new employees, the company has a probationary period of 3 months and a monthly salary of 3000. At the beginning of the formal establishment, only a two-year contract was signed, and the first two years were a threshold, and employees must make certain achievements and contributions within two years, break through the 20,000 yuan cap monthly salary, and get equity. Employees who do not receive equity in the company during the first two-year contract are considered non-core employees. After that, there will be three options to encourage employees to start a business, the company will invest a certain amount of money according to its project, and send the former employee away. The second option is to leave the new venture electronics group company and enjoy being recommended to be arranged to the corresponding positions in the subsidiaries and affiliates, and become an employee of the subsidiaries and affiliates, rather than the core employees of the new venture electronics group. The third option is to resign naked, employees who have not received equity incentives within two years and are not shareholders of the company, if they are only satisfied with the company's basic company and benefits, and do not want to forge ahead and obtain equity, I am sorry...... The staffing of the group company is valuable and will not be retained by those with mediocre qualifications.
This screening mechanism ensures that the mediocre talents who cannot shine will not be able to occupy the valuable establishment of the group company for a long time because of the cruel mechanism.
In addition, even if the employee receives the equity, the group company will sign a ten-year employee agreement. If the individual's contribution is less than the reward return received by the individual within 10 years, then the staff establishment of the group company cannot be retained after the end of the 10-year contract. The choice of arrangement is the same as before. However, there is an additional procedure, that is, when the employee leaves, the equity held will be repurchased by the company in cash in accordance with the aforementioned agreement.
This kind of system will make some elders feel restless. Because, the veterans basically hold a large amount of equity in the group company, and the return on equity dividends is even more amazing. This also means that the more you need to contribute to match your shareholdings.
Of course, this system also leaves a certain amount of leeway, for example, some veterans hold too much shareholding, and at the same time, the contribution cannot keep up with the return from the company's equity dividends. It is possible to reduce the shareholding to the company, so that the shareholding ratio can be reduced, and the assessment requirements can be reduced in disguise, so that they can continue to become the core employees of the company.
However, there are also some veterans who can tap some capable newcomers and new projects if their personal contributions are not enough. In this way, by participating in the new projects of those geniuses who have risen like a comet, you can accumulate more contribution amount for yourself, so that you can meet the conditions for continuing to become a company boss.
Basically, it is impossible to treat the new venture electronics group as a nursing home. The high returns, and the staffing of only 20,000 people, means that the quality and creativity of 20,000 people will be continuously upgraded every year, and on the whole, the ability to maintain the core employees of the headquarters far exceeds that of the subsidiary.
Of course, Lin Qi is not hard-hearted, for the old people who can't keep up with the company's ability, regardless of whether they live or die, but have launched more and more new homes and new choices for the old people who don't have the ability to continue to stay in the headquarters.
Quite a lot of ability and contribution, the old people who can't keep up with the growth of the new venture electronics group, basically, can choose to be recommended to a subsidiary or affiliated company to take up a position. Most people have just changed jobs, and the golden rice bowl has become a silver rice bowl and a copper rice bowl.
In addition, a large number of projects are divested every year, and some old people who can no longer retain their positions within the group company will also be considered to serve as senior executives of subsidiaries, and the equity held by the parent company will be replaced by the equity of independent operating subsidiaries. In this way, it is equivalent to letting some old people hand over the equity and establishment of the parent company, but they may get new development achievements outside.
All in all, Lin Qi will not be merciful, looking at the contributions of the past, he has been conniving at the old employees, making them treat the company as a nursing home, and their contributions and abilities are no longer as good as those of later employees, and they get more remuneration than those who come after them. But it's not cruel and ruthless, leaving no way to live. In fact, it has been given a way to live, but it is just to reduce the gold content and treatment of the establishment.
The world's top treatment is always for the most elite talents.
And the old waves of the Yangtze River push the previous waves, and a new generation beats the old, this is basically the law. For example, Newton may have been a genius, but scientists who have learned more physics in the future stand on Newton's shoulders and have higher achievements than Newton. If the knowledge level and ability of the juniors are not as good as those of the predecessors, the field of science and technology will not change with each passing day.
In addition, Lin Qishen knows that if he manages everything, he may not be able to manage anything. Therefore, the company is more about delegating power to talents and teams, and the company is only supervising, and these people will not be corrupt and squander the company's property.
As long as it is not excessive, then a large number of capable teams and subsidiaries of the new start-up department can do what they want to do, and only need to notify the parent company, but do not need approval.
"I see, it's a pity...... It is impossible for enterprises in the system to be managed in this way!" Minister Hu couldn't help but be a little disappointed. Enterprises within the system, because of this, are not able to offer higher wages. If the enterprise is profitable, it needs to pay dividends to the state, which will be used to supplement the treasury and support some relatively poor enterprises. First of all, it is impossible to engage in this kind of incentive.