In order to retain talent, a cross-border retail giant lets its employees become “bosses”?

In order to retain talent, a cross-border retail giant lets its employees become “bosses”?

At present, with the formation and maintenance of online shopping habits, the global e-commerce penetration rate has further increased. The Ministry of Commerce stated that in the first eight months of this year, cross-border e-commerce still maintained a very good growth momentum.

 
However, as the number of cross-border "participants" increases, corporate competition becomes more intense. In order to avoid homogeneity, boutique and branded operation routes have gradually become the mainstream of the market. This also means that cross-border companies have a stronger demand for high-level talents.
 
At present, in order to attract, retain and motivate core talents in key positions in this turbulent market, cross-border sellers, who are well aware that "talent is hard to come by but easy to lose", are racking their brains.
 


Big sellers increase investment in employee incentive mechanisms



 
It is learned that recently, the cross-border e-commerce giant Huakai Yibai announced the draft of its employee stock ownership plan. The company plans to implement an employee stock ownership plan, with the source of shares being the company's repurchased shares. The price of shares transferred under the employee stock ownership plan is 7.36 yuan per share, which is 50% of the average price of the company's stock trading in the 20 trading days before the announcement.
 
The picture comes from Huakai Yibai’s announcement
 
It is reported that the shareholding plan will cover no more than 15 employees, mainly core employees of the current subsidiary Yibai Network . The total number of shares to be transferred will not exceed 8 million shares, accounting for 2.77% of the company's total share capital.
 
Cross-border navigation
Video account focuses on cross-border navigation

For eligible employees, Huakai Yibai has also set up performance appraisals , with the appraisal years being 2022 and 2023, which need to be unlocked in two batches: the first batch requires Yibai Network's 2022 non-net profit to be no less than 270 million yuan, and the second batch requires Yibai Network's cumulative non-net profit from 2022 to 2023 to be no less than the target value of 600 million yuan or the trigger value of 570 million yuan.
 
In addition, Lejia Holdings and Jihong Holdings, which are also cross-border big sellers, have progressed their employee stock ownership plans to the second and third phases.


On September 29, Lechuang Holdings released the resolution announcement of the first meeting of holders of the second phase of the employee stock ownership plan, at which the second phase of the employee stock ownership plan was approved. In June of this year, Lechuang also released an announcement to provide financial assistance for employees to buy houses.
 
On October 10, Jihong Co., Ltd. issued an announcement on the third phase of the employee stock ownership plan: the company's shares repurchased by the company's special repurchase securities account (6,075,307 shares, accounting for 1.61% of the company's total share capital) will be used as funds for the third phase of the employee stock ownership plan.


The picture comes from Jihong Shares Announcement

So far, there are quite a few companies that have implemented employee stock ownership plans and have sold well.
 
This shareholding plan means that employees not only have the right to receive labor remuneration according to their work, but also can obtain the benefits brought by capital appreciation, thus establishing a deeper community of interests with the company. On the one hand, this can effectively help the company establish a long-term and effective talent mechanism and enhance the company's competitiveness; on the other hand, it can also fully mobilize the enthusiasm of the company's management and core backbones, and attract and retain outstanding talents.
 
Talents are sought after and left unsold. Nowadays, the cross-border e-commerce market is in a period of ups and downs and transformation. If cross-border sellers want to break through the shackles, gain growth and create differentiation, attracting and retaining outstanding talents is undoubtedly one of the keys to promoting the sustainable and healthy development of the company.
 
What do you think about this? Please leave a message in the comment area.

<<:  Discount reporting error on the day of the big sale! How can sellers deal with the profit "blocker"?

>>:  Revenue cut in half! Zebao "cuts off" from Amazon, Youkeshu's assets seized

Recommend

What is Affectiva? Affectiva Review

Affectiva is a startup dedicated to "emotion ...

What is Dick Smith? Dick Smith Review

Founded in 1968, Dick Smith is one of Australia...

What is Cotopaxi? Cotopaxi Review

Cotopaxi is a sustainable outdoor brand in the Uni...

What is AMZAlert? AMZAlert Review

AMZAlert provides 24-hour monitoring and various f...

Shein challenges H&M and Zara: sales to exceed US$58.5 billion in 2025!

After becoming the preferred store for Generation...

Check in seconds whether Amazon's competitors have S-order phenomenon

As an Amazon seller, you should not only pay atte...

What is Mada? Mada Review

Mada (The Mada debit card) is similar to UnionPay ...

What is EZPAYS? EZPAYS Review

EZPAYS is committed to being transparent about mer...