Research On Staff Incentive Mechanism Multi-National Corporation

With the advent of China's economic integration in the world today and after its accession to the WTO in the past decades, China's enterprises are now facing increasingly fierce competition. Competition of the past that relies on new products, new technology is slowing being replaced by competition of human resources. Corporate employees as invaluable human potential have become key factors in determining the success of enterprises. People, especially the excellent staff, represent the soft power of enterprises and enterprises should tap the potential of employees by stimulating enthusiasm in their work. The percentage of highly educated talent will increase along with the overall rapid economic development in China. The top priority of China enterprise is to be able to mobilize this highly educated group of people, to stimulate their enthusiasm in work and to allow them to achieve their highest potential in their working environment. Understanding staff incentive system in multinational companies has not only important theoretical significance but also practical values. A renowned French management guru, Fayol once pointed out that "incentive creation for staff is undoubtedly the core of a management system". Staff is the soul of an enterprise, especially the good employees whose efficiency in work is highly valued. The ability of employees of multinational companies to adapt to non-native environment should be encouraged. Although multinational companies have large size, the efficiency of the employees still has room for improvement. Many domestic multinational companies do not place high value of importance on staff and thus, the enthusiasm of the employees discouraged. This only shows that the multinational staff incentive system is still imperfect and lacks concerns for employees. To strengthen employees' sense of belonging, to stimulate their creativity, regulations of the countries where these multinational companies belong to must also be bold and innovative, based upon people-oriented principles. There is still substantial room for development of domestic multinational staff productivity and potential under the backdrop of global economic integration, which has not been given due consideration and attention. This paper investigates various incentive principles and exams multidisciplinary aspects of research work on how to motivate employees. Studies rested upon the current multinational companies'structures, comprehensively summarize the experience of success in these companies as well as identify the problems and shortcomings of multinational companies in the employee incentive system. Taking Internship Company as an example and gathered from extensive consultation with industry experts and views from senior people in the industry, pointers of innovation of the multinational staff incentive are listed below.