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Quanzhou Clothing Enterprises Develop Stock Ownership Incentives For Ordinary Employees.

2011/3/2 13:38:00 178

Garment Enterprise Staff

  

stock right

Incentives for Quanzhou enterprises in pformation and upgrading are no longer new.

Listed companies,

Seven wolves

Anta, Phoenix Bamboo textile and PEAK, etc., have been attracting and retaining talents through equity incentive measures. In the unlisted enterprises, Xingye leather and other enterprises also have equity incentive practices or plans.


Ding Mingquan, chairman of Jinjiang gold knitting garments Co., Ltd., announced that 20% of the company's total capital will be donated to the whole.

Workers

As a bonus stock, 200 employees of the first batch of shares were awarded to the company executives, down to workers, cleaners and security guards.

According to Ding Mingquan, in the past year, the return rate of old employees of the company was only about 50%.

This year, due to the implementation of the share pfer policy, the rate of return to factory has increased to 70%.


The focus of equity incentive on front-line employees will be the trend of management innovation.

Heng An Group is the first company to employ ESOP in China.

Since its establishment, major shareholders have been diluting shares, increasing the shareholding ratio of management and technology business backbone, holding hundreds of employee stock ownership, many of which are excellent employees at the grass-roots level.


In 2007 and 2009, the Heng An Group implemented two employee option incentive plans to ensure that employees can share interests with enterprises.

The company has nearly 2000 employees who own shares and options.


Last year, PEAK announced the equity incentive plan, which will give a total of 13 million 85 thousand shares to more than 400 PEAK employees.

According to the briefing, PEAK will also launch the second round of equity incentive to distribute to the new PEAK employees who are outstanding.

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