PEAK Will Launch The Next Round Of Equity Incentive System

"We now have more than 400 cores.

More than 400 people enjoy equity incentive

Last year, PEAK announced its specific plan for equity incentive in HKEx.

According to the announcement, PEAK will give a total of 13 million 65 thousand shares to more than 400 PEAK employees, including the company's executives, administrative and production staff. Among them, the top 300 thousand won the equity incentive and the lowest got 5000 shares.

This is another Quanzhou enterprise that has implemented stock option incentives after the company has relayed the listed companies such as the seven wolves and Anta.

However, compared with the data of 22 companies and 38 executives of Anta after the seven wolves amend the equity incentive, PEAK's equity incentive is more extensive, including some grassroots cadres, and has also been included in the scope of equity incentive.

According to the analysis, equity incentive has been leaning from management to front-line staff, sinking the incentive mechanism that used to be used only for managers to front-line employees, so that they can feel respected, recognized, reasonable remuneration and good career development.

At the same time, it will also play a more advantageous role in the recruitment of PEAK, a shoe brand.

"We now have more than 400 core employees with equity and options, and we will continue to expand this range.

We have implemented this option plan since last year and incorporated our core staff into this plan.

We also went to factory publicity.

At the level of the enterprise to the supervisor, the factory enjoys the shareholding plan at the level of the team.

Next, the shoe brand PEAK will launch the next round of equity incentives to allocate new employees to PEAK.

Xu Zhihua said.

Perfect promotion mechanism

It is understood that PEAK group has a perfect internal promotion mechanism, including the development of technology development and management development, but also the use of internal competition for promotion.

Good career prospects enable PEAK to bring in and retain talent.

Over the past 20 years, more than 10 employees have worked in PEAK for more than 10 years.

Among them, the growth of Lin Bilian, the director of sales, is no doubt a typical one.

In 1989, when PEAK was founded, Lin Bilian came to PEAK to become a grass-roots employee of PEAK's production system.

"People must pursue, have goals, and embody their self worth in action". Lin Bilian, who is unwilling to mediocrity, has always adhered to his life motto.

After years of conscientious work in the production system, she realized that sales was a more challenging job, so she volunteered to apply to the store as a salesperson.

After several years of shopping in the retail store, Lin Bi Lian studied and did things while he realized that store sales were booming, from shop assistants to shopkeepers, and then to regional executives.

She not only knows the product information well, but also has mature and stable experience in the face of changing market economy.

She is responsible for the establishment of the clothing department and the company's overall sales with vice president Xu Zhi da.

From sales manager to sales director, she accompanied PEAK for 20 years, witnessing PEAK's growth and PEAK's dream.

"You have to have a standard, whether it is a standard for your family or outside people, to ask him, the same reward and punishment is a standard to ask your team.

Of course, if the family has excellent talents, we will not avoid him.

Therefore, there should be a standard for people.

In Xu Zhihua's view, it is because of the existence of such a standard and promotion mechanism that PEAK has made PEAK's development flourishing.

PEAK Business School

In 2007, PEAK set up PEAK Business School (PeakBusinessSchool) to provide systematic training for front-line sales staff, and also provided training for dealers on PEAK product knowledge and sales skills.

In the past two years, PEAK business school has held over 20 training camps, and the marketing department, purchasing department, distributors and front-line sales staff are highly involved.

"It should be said that PEAK business school is PEAK's effective innovation for dealer management mode," Xu Zhihua said.

It is understood that, according to the strategic objectives, the status of the channel and the status quo of the terminal merchandisers, PEAK has set up a "buyer training class" to train professional purchasers and orders for regional companies and distributors.

With the continuous development of the sporting goods market, the market requires the ordering personnel of the channel to be more scientific and professional.

During the reporting period, the PEAK terminal business school organized nearly 50 buyers from all regional companies in the country to take part in the national training course for buyers.

The training of buyers can help students fully learn and understand the basic conditions and abilities that buyers should have as a buyer.

On the other hand, relevant personnel from PEAK's commodity development and sales departments have conducted in-depth explanations of the new season products, laying a good foundation for dealers to have a better understanding of PEAK products.