The Research On Human Capital Participating In Distribution Of High-tech Enterprise’s Income

Along with traditional industry times leaping to the knowledge economy times, as the organic combination of modern matter capital and human capital, the Hi-Tech enterprises arise at the historic moment and become one of the most vigorous economic organizations in the economic activities. Compared with traditional industrial, the high-tech enterprises’ sustainable development need the constant innovation of knowledge and technology, thus they rely on human capital more than before. Human capital has more and more role on the foundation of the core capability competence among the high-tech enterprises. The status and role of human capital in high-tech enterprises have become increasingly prominent. This certainly lead to the establishment of the status of human capital’s property rights in the corporation and letting the owners of human capital participate in the distribution of the enterprise’s residual income to a greater and broader extent. This approach can enhance the sense of belonging and responsibility of human capital owners and can better attract and retain good talents for enterprises. This is also a pressing matter of the moment for Chinese high-tech enterprises.This thesis chooses the human capital participating in the distribution of residual income which is the universal concern of enterprises in the era of knowledge economy as the main problem to research on, using the method of combining theory and case. At the same time, it also selects high-tech enterprises which make more contribution to the development of national economic development as the research object and selects a typical representative and leader of this industry——Zhongxing Telecommunication Equipment Corporation as a case study, in order to put forward the corresponding improvement suggestions according to the problems existing in the practice of human capital participating in the distribution of residual income in Hi-tech enterprises. Meantime, it researches on the most important two types of human capital of high-tech enterprise-entrepreneur human capital and technology human capital how to participate in the distribution of residual income. From the perspective of logic structure, this thesis can be divided into three parts. In the first part, it introduces the research background, purpose, related theory, and the research achievements of predecessors of human capital participating in the distribution of enterprises" residual income. It emphasizes the necessity of human capital participating in the distribution of income, and also makes the model construction consistent in logic, same in thinking and complete in structure. In the second part, it introduces and discusses the current status of Chinese human capital participating in the distribution of income of high-tech enterprises and the existing problems. And for these problems, it puts forward to construct a proper participation in income distribution model targeted to the entrepreneur human capital and technology human capital, taking equity incentive as the leading direction. These suggestions aim to have a certain theoretical guiding significance for the practice of human capital in Chinese high-tech enterprises to participate in the distribution of income. At last, in the third part, on the basis of theoretical analysis, this thesis analyzes the actual situation of the case enterprise——the ZTE Corporation of its human capital participating in its distribution of income. This is not only a proof of the theoretical analysis, but also putting forward some related improvement suggestions to the existing practice problems of ZTE Corporation.This thesis’s preliminary research is based on the previous research results. If there is any innovation, it is that standing in the residual claim right angle, in order to achieve better incentive effects, respectively raises two income distribution patterns aimed at the most two important human capital according to their different characteristics. Entrepreneur human capital uses the phantom stock option plan based on EVA and the technology human capital uses the model of technology appraised as capital stock. In addition, about the mode of technology appraised as capital stock, in order to keep long-term incentive effect, the thesis proposes that enterprises can divide the technology shares into two types. One type is the spot stock that employees can get when they join the enterprises.And the other type is the forward stock that employees can get the benefits of these forward stocks only when they achieve the goals enterprises set for them. These two models can better stimulate the enthusiasm and creativity of human capital owners, create value for the enterprise and enhance the international competitiveness of Chinese high-tech enterprises. Certainly, because the writer’s experience is still shallow and the professional level is limited, this thesis still has many shortcomings. The main research object of this thesis, human capital participating in the distribution of high-tech enterprises residual income, its research field is very large and involved many aspects, such as the measurement of the value of human capital and how to reflect the enterprise’s human capital in the book. These are all worth further research. Thus it is very difficult to achieve perfect without omissions. And the writer will also continue to focus on the new progress in this field.