Research On The Impact Of Equity Incentives On Enterprise Innovation Performance Of Core Personnel

Innovation is the prerequisite for enterprise management mode and improvement of innovation level,and technological innovation is the foundation of enterprise innovation and development.As the main force of technological innovation,core personnel are crucial to the completion of innovation work.However,at present,the brain drain rate of China’s high-tech enterprises is very high,especially the core technical talents who have mastered more innovation and technical information of enterprises,so the equity incentive for core personnel can realize the use of equity to "lock" talents,fully mobilize the enthusiasm of human capital,encourage innovation to a greater extent,and improve innovation performance.Luxun Precision is a high-tech enterprise,mainly engaged in the research and development,production and sales of electronic components,ranking among the top in the market value of the industry,so it is of certain practical significance to study the equity incentive of the core personnel of the enterprise.In September 2015 and September 2018,the company carried out two equity incentive plans,and the incentive objects were mainly core talents and middle and senior management personnel.Taking Luxun Precision as the case object,this paper explores the impact of equity incentives of core personnel of Luxun Precision on the innovation performance of enterprises according to the idea of "motivation-action-results-evaluation".First of all,from the needs of enterprise development,industry development trends and market development needs,the necessity of implementing equity incentives for core personnel is explained.Secondly,the current situation of the implementation of two phases of equity incentives for core personnel in the case of this paper is explained.Again,combined with the assessment method of the incentive plan for the core personnel,the exercise of the incentive plan is analyzed,and the impact of the incentive of the core personnel on innovation is further summarized from the three angles of innovation input,innovation output and innovation efficiency,and finally implemented to the two points of stock price trend and profitability,and evaluates the effect of the implementation of equity incentives by the enterprise.The study found that the equity incentive of core personnel helps to increase the R&D expenditure of enterprises,expand the scale of R&D personnel and stabilize the technical team,and promote enterprises to invest in innovation;it helps to increase the number of patent applications of enterprises and enhance the innovation output of enterprises;it helps to enhance the enthusiasm of core personnel to increase per capita sales revenue and improve the efficiency of enterprise innovation.And in order to further verify the effect of enterprise innovation performance,the innovation performance of enterprises is verified and analyzed from two aspects: stock price trend and profitability.To this end,it is recommended that enterprises should seriously examine whether the establishment of stock options is fair and reasonable when carrying out stock options;improve the performance evaluation system of core personnel,and make it full and reasonable in system design,while taking into account the process and transformation of achievements;optimize the assessment indicators of unlocking(exercising rights)conditions,and the growth rate of the number of R&D patents can be used as a measure.This reflects both the value of the company and the work of the company’s core personnel.