ABC公司长期激励计划研究

上海交通大学硕士学位论文ABC公司长期激励计划研究姓名：江丽申请学位级别：硕士专业：工商管理指导教师：唐宁玉20090111MBAABC2MBAABC3MBAABC4ABCABC,2006MBAABC54THERESEARCHOFLONGTERMINCENTIVEPLANINABCCOMPANY5ABSTRACTLongtermincentiveisthecoreofHumanResourceManagement,onlywhenstimulatingtheemployeesworkingmotiveeffectively,developingandmanaginghumanresourcerationallyandscientifically,fullyarousingtheenthusiasmandcreativityofenterprisesemployees,makingthebestpossibleuseofthetalentswecanattractandobtainmoretalentedemployeestorealizethestrategicobjectiveoftheenterprisebetter.SothefoundationofeffectivelongtermincentivemechanismbecomesthekeyofSUCCESSofoneenterpriseLongtermincentiveplanhasbeendevelopedalongwiththecreationofEquity-basedIncentivePlan,whichwastakenasoneeffectivemethodologyofreducingagencycost,embeddedthefeaturesofmaterialincentiveandspiritualincentive,ispraisedhighlyandpopularamongmanyhightechenterprises.Howeverrarelyin-depthstudiesunveilitsactualmotivationresult.Thisresearchistofillthegapstoinvestigatethemotivationresultofthislongtermincentiveplan,equity-basedincentiveprograminABCCompany.ThearticlefirstlyintroducesthereasonswhyABCCompanymanagedtochangepreviouslongtermincentiveplan,thewholerestructureprocessandfeaturesofcurrentplan.Throughthequestionnairedesignedbasedoncompressedtheoryofincentive,itcollectedthefeedbacksfromemployeesabouttheprogramitself,theirloyaltyattitudetocompany,andinputstoperformancemanagement,objectivemanagementandcareerdevelopmentperspectives.Basedonemployeefeedbacksandbasicmotivationtheories,itrecommendestablishingLongTermIncentiveSystemforABCcompanyandprovideredesignsolutionsatlongtermincentiveplandesignperspectiveanditsexecutionperspectiveaswell,includingaddingmorelongtermincentivemethodstosupplementcurrentequity-basedincentiveplan.Itproposesaddingvariablecompensation,trainingprogramandcareerdevelopmentplanMBAABC6accordingtoemployee’ssubstantialandimmaterialdemands.Besides,itrecommendenhancecommunication,objectivemanagementandperformanceappraisalmanagementtosecuresmoothexecutionoflongtermincentiveplan.Theresearchdoeshopetoclearlyexplainwhylongtermincentivemechanismcan’tworkbyonlyoneortwoprograms;insteaditrequireseverycriticalpartinwholelongtermincentivesystemeffectivelycollaborating.KEYWORDS:longtermincentiveplan,equitybasedincentiveplan,psychologicalcontract,andperformancemanagementMBAABC911.120501952PfizerABCABCMBAABC101.2ABCSPSS1.3ABC1.4MBAABC112ABC2.1ABCABC196840ABCABCABC464ABC2.2ABCABC1985ITABC16600045ABC200711ABCITABCABCABCABC25300ABCMBAABC12ABCABC70302ABC20084,ABCABCABCABCABCABCABC2.3ABCABC8(satisfaction)(commitment)(engagement)2.3.1ABC(1)(marketcompetitive)(2)businessperformance(3)(healthandwelfare)(4)mutuallybeneficial(5)(meritocracy)ABC1,MBAABC131ABC2.3.2ABC2.3.2.1(meritmatrix)2.3.2.2(1)MBAABC14100X(2)170.65X/2%4.5%X/75(3),2.3.2.3ABC(1)(2)(3)(4)(5)ABCMBAABC15ABC2.3.2.4(1),()(2),(3),,2.3.3ABCABC2--MBAABC162ABCABCtotalrewards)MBAABC173ABC3.1--3.1.1ABCPfizer1952351056392070ESOPBuck2006351471087250063(1)20048.6;200425.4%MBAABC1822004,320045232004-20065%10%23%95%90%77%0%20%40%60%80%100%120%200420052006BuckGlobalSurveyResult200632003200643.1.2123456MBAABC193.1.31(Incentivestockoptionplan)2(StockPurchase/Participationplan)153Nonqualifiedstockoptionplans4(phantomstockplans/stockappreciationrights)(performanceshare/unitstockplans)5restrictedstockunits3.2ABCABC20062006MBAABC20420064ABC20063.2.120062006ABCABCABC40%30%20%10%20067112MBAABC21Black-Scholes2512%2ABC3.2.220063.2.2.1(1)2006ABC2006ABCABCABC2005ABCABC“”“”ABCABC(2)MBAABC22ABC20ABC20051252001200670%17%10%5%1%0%10%20%30%40%50%60%70%80%90%100%21%7%3%12%7%13%1%1%4%2%3%1%16%16%16%16%18%18%62%76%76%70%72%67%2001200220032004200520065ABC20012006620007199972010068MBAABC232006201030UBSFinancialServices6ABCABC20012001200120004ABC2006ABCMBAABC243.2.2.220064100%40:30:20:10251ABC2ABC3ABC3.2.2.314004251001003030002020003112002525300305150020037.5MBAABC25237904455520100459002000100800553.2.2.411223MBAABC26,4ABCABCMBOITIT,11ABC1234532x1.5x.75x200RSUs150RSUs100RSUs75RSUs015%25%40%10%10%3.2.2.2MBAABC27(1)(2)(3)(4)ABCABC(5)ABCMBAABC28ABCABCMBAABC294ABC23ABC34.14.1.171233021731418MBAABC3042192259132722324RSUMBAABC3125262720204002820203002920205130123455678141516171819202122MBAABC329101112134.1.2100767474%33811%2128%/1115%1520%1926%2635%4865%202557%25303953%30402838%4023%1811%1279%243142%42838%1318%/4764%/1216%/23%2530280%200620064RSURSU/62%16%MBAABC334.226644.2.14.2.1.130”,23MBAABC34990%8””0102030405060708303%8%89%0%20%40%60%80%100%9234.2.1.2104246MBAABC35RSU11%46%42%0%10%20%30%40%50%10244.2.1.3231119%68%14%14%68%19%0%10%20%30%40%50%60%70%80%11234.2.1.426128692008220RSU,55200945525137510%MBAABC3686%4%9%0%20%40%60%80%100%12264.2.1.527292020400135734927.202040034%9%57%0%10%20%30%40%50%60%132720203004738151428.202030038%15%47%0%10%20%30%40%50%14282728P0.05,0.05MBAABC3755SPSSS-N-Kq614523145/6qMBAABC3829202051157729.20205177%23%0%20%40%60%80%100%15294.2.24.2.2.118,8,78,1617,“”,69%7.14%55%31%0%10%20%30%40%50%60%1607MBAABC398538.20%27%53%0%10%20%30%40%50%60%17081474.2.2.2ABCABC1418(1)MBO141715,,32(2)16