Research Article
Research of Medium and Long-Term Incentive Based on "Six Determinations" Model
@INPROCEEDINGS{10.4108/eai.17-6-2022.2322823, author={Huangrong Xia and Wen An and Fuzhen Niu and Ruchao Zhao and Wei Wang}, title={Research of Medium and Long-Term Incentive Based on "Six Determinations" Model}, proceedings={Proceedings of the International Conference on Information Economy, Data Modeling and Cloud Computing, ICIDC 2022, 17-19 June 2022, Qingdao, China}, publisher={EAI}, proceedings_a={ICIDC}, year={2022}, month={10}, keywords={medium and long-term incentives; state-owned enterprise reform; performance commitments}, doi={10.4108/eai.17-6-2022.2322823} }- Huangrong Xia
Wen An
Fuzhen Niu
Ruchao Zhao
Wei Wang
Year: 2022
Research of Medium and Long-Term Incentive Based on "Six Determinations" Model
ICIDC
EAI
DOI: 10.4108/eai.17-6-2022.2322823
Abstract
In recent years, as market competition has intensified, the attraction and retention of core staff have become an important issue and challenge for state-owned enterprises. Medium and long-term incentives, as an incentive mechanism that associates the future compensation and benefits of the incentive object with the business performance goals of the company, will provide solutions for the above issue. Under the vision of deepening the reform of state-owned enterprises, the Beijing Institute of Space Long March Vehicle (referred as BISLMV), has built a research model of "six determinations" incentive system. This article introduces the "six determinations" model in detail, and summarizes the incentive effect through data analysis, in order to provide a reference for the implementation of medium and long-term incentives for state-owned enterprises.