The Influence of Incentive Mechanism on Human Resource Management of Private Enterprises in China since Open Door Policy

Abstract

Motivation is mainly to stimulate the inner potential of human beings, triggering human intelligence, mobilize human enthusiasm and creativity. While our private enterprises have been developing over the years in China, they have been accumulating experience and lessons to make their businesses take shape. However, with the continuous development of the economy and society, the competition among enterprises has become increasingly fierce, and the survival of private enterprises are facing huge challenges. Increasingly fierce competition in the market is ultimately the competition of talent, the core of enterprise development is the talent pool, the good management in human resources mainly rely on the incentive mechanism and methods, only through an effective and perfect incentive mechanism can play the potential of talent, reserve better resources for the enterprise. This paper mainly discusses the importance of incentive mechanisms in enterprise human resource management and the related countermeasure analysis. The managers of private enterprises in China should learn to effectively draw on research methods, target to solve their practical problems and strive to make breakthroughs on the theoretical side. On the way of studying and constructing the incentive mechanism of private enterprises in China, we should constantly innovate and divergent thinking, and deeply analyze the success cases of different enterprises from the surface to the inside, to achieve the research objectives. And sum up a set of an effective mechanisms for employee incentives, which suitable for China’s private enterprises, to promote the vigorous development of private enterprises in China. This paper also discusses the construction of the incentive mechanism for employees in Chinese private enterprises. Attempt to motivate the employees in the company from different ideas and different perspectives. Employee incentive mechanism is a way to reflect the interaction between incentive subject and incentive object through the systematic and rational system, it is the connection that will transfer enterprise’s ideas into reality.