Employee motivation in small and medium-sized private enterprises in China
The 21st century is the times of knowledge-based economy. Compared with the times of industrial economy, it attaches far more importance to talents. Competitions among enterprises depend more on talents than products and technology. How many talents there are in an enterprise and how talented they are jointly determine the development of the enterprise. With the current trend towards globalization in talent competition, attracting talents plays an essential role in the steady development of numerous private enterprises in China. A thorny problem in human resources management is how to attract talents to work in the private enterprises. The key solution is the establishment and improvement of employee motivation mechanism so as to attract, keep and encourage talents and improve the efficacy of the enterprises.