Unicom changes year to year trend of employee turnover

Unicom changes year to year trend of employee turnover

Unicom changes year to year trend of employee turnover

Suo Han Xue

China Unicom, which lost a number of "generals" in 2017, has not stopped the wave of senior executives leaving in 2018. In early 2018, Han Zhigang, vice president of China Unicom and general manager of network development, left his post, while grass-roots employees were more mobile.

When China Unicom introduced strategic investors such as Alibaba, Baidu, Jingdong and Tencent to carry out mixed ownership reform, there were still people leaving their jobs and choosing to go to these Internet giants.

According to the "China Business News" reporter learned that the total wage limit, professional managers and other policies are still in the process of coordination and exploration.

Worry about staff turnover

According to the plan of Wang Xiaochu, chairman of China Unicom, "after the mixed reform, the annual rate of withdrawal from the post is not less than 3% in the first two years, and the rate of withdrawal from the enterprise is not less than 1%.

At the end of the first year of mixed reform, the outflow of Unicom seems to be on the trend. "Since the beginning of the year, three people have left our department, but in other departments, nearly half of them have left or transferred." Unicom branch insiders told reporters, "our department leaders have been transferred to other companies."

And internal hearsay is also very much, almost all related to leadership turnover at all levels. Reporters confirmed to some of them, but they all denied it. Until early 2018, Han Zhigang, vice president and general manager of China Unicom's network development department, left his post and became the highest-ranking senior executive in the tide of departures.

Subsequently, the reporter to the Unicom personnel department to verify whether there is a wave of resignation, the person said: "There are some people moving, but for such a large enterprise, the flow of personnel is normal." The reporter inquired about the employment direction of the former staff, the staff said, "Alibaba, Baidu, Jingdong, Tencent, these enterprises."

In August 2017, China Unicom announced the reform of mixed ownership. Wang Xiaochu announced the mixed reform plan at the performance conference, announcing that Tencent, Baidu, Jingdong, Alibaba and other strategic investors will be introduced to subscribe for China Unicom A shares.

Although Unicom announced deep cooperation with Tencent, Baidu, Jingdong and Alibaba, it did not stop the pace of talent flow. The aforementioned personage said that the employees who quit job had significantly improved their pay. "For a while, people who felt close to half the Department were gone, and then new recruits came up." However, this is not the case in all sectors, and the "profitable branch" will be much better.

Reporters learned that the reform of China Unicom's industrial system mainly includes "adhering to the efficiency orientation, improving per capita efficiency, encouraging the flow of personnel from the Department to small accounting units, personnel from traditional areas to innovative areas, and increasing the training of strategic personnel such as IP and IT."

Total wage restriction

The problem of employee turnover is currently in a dilemma. The most direct measure of Wang Xiaochu's series of mixed reforms is to break the "big pot rice", and to limit the total wages of central enterprises, but it is difficult to form an effective incentive for employees.

It is understood that the current wage mechanism for Unicom is the total wage and profit linkage. The total salary is limited, and the most embarrassing is the introduction of professional managers.

After the brain drain, in order to promote in-depth cooperation with BAT in important areas, "Unicom reserved 10% of the shares for innovative talents, and in the future to cooperate with strategic investors in depth, so we should leave shares for high-end talent."

Zhou Lisa, an associate researcher at the SASAC Research Center, told reporters that the introduction of professional managers and the limitation of total wages requires a policy coordination. High salary is an incentive for talents, but policy coordination is not yet in place.

While being capped by total wages and retaining talent, Unicom began to push ahead with its employee ownership plan. In August 2017, the China Unicom: Draft Restrictive Stock Incentive Scheme (draft) and Summary Notice of the First Grant Scheme (draft) pointed out that China Unicom will grant no more than 848 million restricted stocks to core employees in the first issue and raise no more than 3.213 billion yuan. The target group of employee stock ownership is "middle managers, core managers and professionals of the company".

In early 2018, Unicom awarded 794 million shares to 7 752 managerial backbone and core personnel. The reporter understands that the main shareholding personnel are leaders at or above the level.

According to the semi-annual report, in June 2018, China Unicom's semi-annual operating income was 149,105,188,927.00 yuan, an increase of 7.92% over the same period of the year. The net profit of shareholders of listed companies was 2,583,186,430.00 yuan, an increase of 231.84% over the same period.

Reporters through Kaixinbao inquiry, within a year, China Unicom and Alibaba Group only set up a registered joint venture company, mainly concentrated in the cloud business. No other joint venture has yet been inquired.

According to the semi-annual report, the effect of mixed ownership is mainly concentrated in "continuing to promote Internet contact cooperation with Tencent, Ali, Baidu, Jingdong, Di Di and other companies, and effectively reaching new users, especially the youth market, in a low-cost and thin subsidy development model." "Exploring the construction of new retail pilot stores, combined with Ali, Suning, Jingdong, Tencent and so on, relying on large data capabilities, rich store categories, strengthen online and offline mutual drainage, to promote business development has a significant effect."

Zhou Lisha, deputy researcher of SASAC research center, believes that the results of the mixed reform of China Unicom can not be judged only by the number of joint ventures. "The results of the mixed reform are the zoning contract of China Unicom, the excess profit distribution, the introduction of non-public economy by the board of directors, the reduction of fees and so on."


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