Yuhua Group Employee Incentive Plan Design

This paper uses a combination of theory and practice to grasp the incentives are four basic principles, the use of the management and the hierarchy of needs theory to analyze Yuhua Industrial Group employee incentive, by contrast the current situation at home and abroad, and a typical enterprise, to identify YuhuaGroup of the problems and design to improve the program and the implementation of countermeasures to improve the effectiveness of the management of the level of staff motivation.First be defined to determine employees, incentive, incentives, the basic concept of employee incentives. Analysis of the status quo at home and abroad to find adapted to employee motivation, theory, analysis of a typical domestic and foreign companies and Yuhua Group to make a comparison to identify the problems with the Yuhua Group’s employee incentive. Secondly, the Yuhua Group of the status quo, to a good understanding of the group. Group Introduction, Figure and motivation of human resources framework of the status quo, Yuhua Group employees a sense of accomplishment and self-confidence to do very well. Description of the Group attached great importance to employees. Would also like to find out the problems and the reasons for Yuhua Group employee incentive. Questionnaire and analyze the needs of employees. Locate the Group drawbacks. Fish bone diagram, through the phenomenon of nature, to identify four issues, one, ignoring the incentive target. Difficult to stimulate the enthusiasm of the staff.2, focusing on the immediate and ignore the long-term. All the incentives around "money."3, the lack of execution. Failed to mobilize the enthusiasm of the staff.4, do not attach importance to the incentives. Mainly in personal feelings, do not attach importance to the system. Caused by the Group without power because of unfair rewards and punishments, salary is not balanced, single incentive, corporate culture is not perfect, ignoring staff differentiation, can not mobilize the enthusiasm of the staff. Again, Yuhua Group would like to change the status quo, to adjust the Group’s atmosphere, reduce the wastage rate, the design of employee incentive programs. The program’s guiding principle is "people-oriented", and the hierarchy of needs theory. The basic principles of the program is fair, open, and the principles of justice, the spiritual and material by combining a variety of incentives combined and differentiation. The program design is a combination of material incentives and spiritual incentives. Material incentives:reasonable pay and menu design, dynamic incentive system, the scientific performance appraisal system. Non-material incentives:career planning, communication mechanisms, models, honor mechanisms. Lastly, the implementation of measures to establish the corporate culture, the use of the material and the spiritual combination of performance and reward, differentiation, training, motivation, and create a good environment.Design Yuhua Group employee incentive programs, employee incentives are necessary in any business. Is very important in terms of practice and in theory, employee motivation related to the lifeblood of the entire manufacturing operations, not how it works, how to produce."People-oriented" enterprise management is the key. Motivate employees is necessary. The incentive mechanism is the main thread throughout the human resource management. In short, to establish a diversified staff incentive system, people-oriented is the key. Incentives to establish and perfect scientific management is necessary, scientific management and an art. Incentive mechanism, is the administrator of the art, using the most scientific means, more flexible system, to arouse people’s passion and enthusiasm.