Journal of Humanities, Arts and Social Science

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Article http://dx.doi.org/10.26855/jhass.2024.01.004

Research on Incentive Mechanisms for Employees in Private Enterprises Based on Psychological Contracts

Xing Liu1, Liping Zhao2,*

1School of Economics and Management, North China Electric Power University, Beijing, China.

2School of Business, Guangxi University, Nanning, Guangxi, China.

*Corresponding author:  Liping Zhao

Published: February 5,2024

Abstract

Talents are the core competitiveness of enterprises, and constructing effective employee incentive mechanisms is crucial for their success. H Enterprises, as a successful private enterprise in China, has implemented certain practices that have yielded positive results, providing valuable insights for similar enterprises in terms of geographical and cultural contexts. Based on the psychological contract and related incentive theories, this study analyzes the issues and causes of incentive mechanisms for employees in private enterprises at the four stages of psychological contract formation. From the perspective of maintaining a stable psychological contract between the enterprise and employees, this paper proposes incentive strategies in employee recruitment, training and development, performance evaluation, compensation management, and organizational culture innovation. The findings provide important practical implications for optimizing employee incentive mechanisms in private enterprises.

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How to cite this paper

Research on Incentive Mechanisms for Employees in Private Enterprises Based on Psychological Contracts

How to cite this paper: Xing Liu, Liping Zhao. (2024) Research on Incentive Mechanisms for Employees in Private Enterprises Based on Psychological ContractsJournal of Humanities, Arts and Social Science8(1), 23-28.

DOI: http://dx.doi.org/10.26855/jhass.2024.01.004