一、建立企业的利益共同体

1、 Establishing the interest community of enterprises

一般来说，企业的所有者与员工之间的利益是不完全一致的。所有者注重企业的长远发展和投资收益，而企业的管理人员和技术人员受雇于所有者，他们更关心的是在职期间的工作业绩和个人收益。二者价值取向的不同必然导致双方在企业运营管理中行为方式的不同，且往往会发生员工为个人利益而损害企业整体利益的行为。实施股权激励的结果是使企业的管理者和关键技术人员成为企业的股东，其个人利益与公司利益趋于一致，因此弱化了二者之间的矛盾，从而形成企业利益的共同体。

Generally speaking, the interests of owners and employees are not completely consistent. The owner pays attention to the long-term development and investment income of the enterprise, while the management and technical personnel of the enterprise are employed by the owner, and they are more concerned about the work performance and personal income during the working period. The different value orientation of the two sides will inevitably lead to different behavior modes in the enterprise operation and management, and the employees will often damage the overall interests of the enterprise for their own interests. The result of equity incentive is that the managers and key technical personnel become the shareholders of the enterprise, and their personal interests tend to be consistent with the interests of the company. Therefore, the contradiction between the two is weakened, thus forming a community of enterprise interests.

二、业绩激励

2、 Performance incentive

实施股权激励后企业的管理人员和技术人员成为公司股东，具有分享企业利润的权力。经营者会因为自己工作的好坏而获得奖励或惩罚，这种预期的收益或损失具有一种导向作用，它会大大提高管理人员、技术人员的积极性、主动性和创造性。员工成为公司股东后，能够分享高风险经营带来的高收益，有利于刺 激其潜力的发挥。这就会促使经营者大胆进行技术创新和管理创新采用各种新技术降低成本，从而提高企业的经营业绩和核心竞争能力。

After the implementation of equity incentive, the management and technical personnel of the enterprise become the shareholders of the company and have the right to share the profits of the enterprise. Operators will be rewarded or punished because of their work. The expected profit or loss has a guiding role, which will greatly improve the enthusiasm, initiative and creativity of managers and technicians. When employees become shareholders of the company, they can share the high profits brought by high-risk operation, which is conducive to stimulating their potential. This will encourage operators to boldly carry out technological innovation and management innovation, and adopt various new technologies to reduce costs, so as to improve the business performance and core competitiveness of enterprises.

三、约束经管者短视行为

3、 Restricting managers' short-sighted behavior

传统的激励方式，如年度奖金等，对经理人的考核主要集中在短期财务数据，而短期财务数据无法反映长期投资的收益，因而采用这些激励方式，无疑会影响重视长期投资经理人的收益，客观上刺 激了经营决策者的短期行为，不利于企业长期稳定的发展。引人股权激励后对公司业绩的考核不但关注本年度的财务数据，而且会更关注公司将来的价值创造能力。此外，作为一种长期激励机制，股权激励不仅能使经营者在任期内得到适当的奖励，并且部分奖励是在卸任后延期实现的，这就要求经营者不仅关心如何在任期内提高业绩，而且还一定关注企业的长远发展，以保证获得自己的延期收人，由此可以进一步弱化经营者的短期化行为，更有利于提高企业在未来创造价值的能力和长远竞争能力。

The traditional incentive methods, such as annual bonus, mainly focus on the short-term financial data, but the short-term financial data can not reflect the income of long-term investment. Therefore, the use of these incentives will undoubtedly affect the long-term investment manager's income, objectively stimulate the short-term behavior of business decision-makers, and is not conducive to the long-term and stable development of enterprises. After the introduction of equity incentive, the evaluation of the company's performance will not only focus on the financial data of this year, but also pay more attention to the company's future value creation ability. In addition, as a long-term incentive mechanism, equity incentive can not only make managers get appropriate rewards during their tenure, but also part of the rewards are delayed after leaving office. This requires managers not only to care about how to improve their performance during their tenure, but also pay attention to the long-term development of enterprises, so as to ensure their own deferred income, which can further weaken the managers The short-term behavior is more conducive to improve the ability of creating value and long-term competitiveness of enterprises in the future.

四、留住人才，吸引人才

4、 Retain and attract talents

在非上市公司实施股权激励计划，有利于企业稳定和吸引管理人才和技术人才。实施股权激励机制，一方面可以让员工分享企业成长所带来的收益，增强员工的归属感和认同感，激发员工的积 极 性和创造性。另一方面，当员工离开企业或有不利于企业的行为时，将会失去这部分的收益，这就提高了员工离开公司或“犯错误”的成本。因此，实施股权激励计划有利于企业留住人才、稳定人才。

The implementation of equity incentive plan in non listed companies is conducive to the stability and attraction of management and technical talents. The implementation of equity incentive mechanism can, on the one hand, enable employees to share the benefits brought about by the growth of enterprises, enhance their sense of belonging and identity, and stimulate their enthusiasm and creativity. On the other hand, when employees leave the company or do harm to the enterprise, they will lose this part of the income, which will increase the cost of leaving the company or "making mistakes". Therefore, the implementation of equity incentive plan is conducive to retaining talents and stabilizing talents.