DEVELOPING INNOVATIVE EMPLOYEE INCENTIVE PROGRAMS FOR STATE-OWNED ENTERPRISES: INSIGHTS FROM H WATER CONSERVANCY ENGINEERING COMPANY
Keywords:
state-owned enterprise, employee incentive mechanism, talent, big data era, salary system, performance appraisal, welfare systemAbstract
State-owned enterprises (SOEs) are essential lifelines and pillars of the national economy, and their
success or failure depends primarily on the quality of their talent. With the advent of the era of big data, the
development models of various sectors of the social economy have changed, and more market opportunities
have emerged, accompanied by competition and challenges. In this context, the need for SOEs to establish
sound and continuously optimized incentive mechanisms has become increasingly critical. Drawing on a case
study of the employee incentive mechanism of H Water Conservancy Company, this article identifies existing
problems in talent incentives in SOEs and proposes targeted incentive mechanism optimization plans. The
study underscores the importance of the application of different incentive theories while considering
enterprise development and practical aspects. To attract and retain talent, SOEs must improve the salary
system, optimize the performance appraisal mode and establish a flexible welfare system. However, the
soundness and standardization of incentive mechanisms are key to the competitiveness and development of
modern enterprises.
