A Study On Optimization Of Medium And Long Term Incentive Mechanism Of Shandong Iron And Steel Group Co.,Ltd

With the progress of the reform of mixed ownership of state-owned enterprises in China,the reform of state-owned enterprises has penetrated into many fields one after another,and the reform in the field of personnel distribution is an important part of it.The reform in the field of personnel distribution revolves around the general requirements of the reform of the "three systems ",and the implementation of medium and long-term incentives for state-owned enterprises is the concrete means to deepen the reform of the"three.systems "and an important way to realize the reform of the personnel system.Therefore,exploring the implementation of medium and long-term incentives for state-owned enterprises is the key measure to promote the reform of state-owned enterprises in this round,and it is also necessary to deepen the optimization of the medium and long-term incentive mechanism for state-owned enterprises.Based on the theory of motivation,principal-agent theory and so on,this paper studies the policy connotation and historical evolution of medium and long-term incentive in state-owned enterprises by using literature reading method,multi-case analysis method and interview investigation method,studies the concrete ways of implementing medium-and long-term incentive in state-owned enterprises,studies the advantages and disadvantages of different implementation methods,and puts forward some suggestions for improvement of Shandong Iron and Steel Group Co.,Ltd.The research shows that the post-dividend scheme is simple to implement,short cash cycle,strong incentive,and does not involve substantial change and real capital contribution.The equity sale scheme has the embryonic form of implementing the equity incentive governance standard,which is the mainstream equity incentive implementation mode at present,but this way involves the registration of industrial and commercial changes,the actual contribution of employees,and so on.The project and investment scheme is more mature and reasonable,which is suitable for large enterprises with many branches and key projects with stable profitability,but the project quality requirements are quite high,otherwise it may be difficult to solicit interested investors.This paper suggests that Shandong Steel Group should learn from each other's incentives.The dynamic evaluation mechanism is introduced to carry out equity incentive in the group company,to perfect the project and investment mechanism,to realize the diversification of incentive mode,and to explore the construction of the incentive system of "employee stock ownership multiple incentive project and investment".At the same time,the incentive funds of enterprises included in the medium and long term incentive pilot are listed separately in the total wage,which makes the medium and long term incentive become the beneficial measure of "making a big cake" outside the total wage,so as to better realize the preservation and appreciation of state-owned capital.