The Design Of Phantom Stock Incentive For The Senior Management Team Of The New BU Of ZHONGDA Company

Equity incentive is a commonly used in motivating employees in modern enterprises,It not only can improve the structure of salary system,but also stimulate employee's creativity,enthusiasm,improve they performance,reduce the risks of operational,and make enterprise's development tied with employee' s benefits.The development of new industries is a process from scratch,it has various difficulties and uncertainty,this has raised a high demand for the team capability,so the incentive of new industrial management team is important and necessary.This paper research for the incentive of new industry business unit management team,It base on consulting literature and theory of incentive scheme design,combining with the characteristics of enterprise management that lack of medium and long-term motivation and the new industry which has high risk and uncertainty.based on various ways of incentive and research,this paper summarizes the problem of incentive system,such as not timely,unreasonable salary structure and incentive system,.The reason for this is the base of state-owned,the disadvantage of geographical and enterprise culture it compare and analyze various schemes,such as stock appreciation right,profit sharing and profit unit,finally,the virtual equity incentive scheme is chosen the scheme includes the ratio,payment and alteration of virtual equity,and the background condition,key control points and safeguard measures.This paper will help ZHONGDA to stimulate new industry management team actively promote the business performance at the same time to control the risks and uncertainty,it will also improve the pay structure of executives,strengthen the sense of belonging,stimulate vitality,realize the win-win of enterprises and employees.It also provides references for other business unit in the company.