Oppo to improve its share incentive system

On October 25, Oppo’s intranet “Hio” published an internal paper on wage reform titled “Future-Oriented, Value-Creating, Tony on Total Salary Reform” (Tony is Oppo’s founder Chen Mingyong).

According to the internal letter, Oppo will improve the remuneration system used for many years and introduce “performance stock” into the employees’ compensation framework, specifically for employees above the O16 level (Oppo’s employee level, 16 is of medium-scale), and the stock will become their remuneration. an important part of it.

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Going by the report, although it is not listed, Oppo has always had an independent stock settlement mechanism within Oppo, which internal employees call a “black market”.

An insider who is still working at Oppo reported (via) that Oppo is currently guiding pay reforms for employees in batches: “The PPT that HR publicized on the spot reflects the company’s future prospects. Will also talk about the listing plan.”

There are many other independent sources both inside and outside Oppo that showed that Duan Yongping, the key businessman behind Oppo and chairman of BBK Group, has also returned to China from his longtime home in the United States, and his return may be related to this round of OPPO’s listing.

Oppo has been established for 16 years and currently has over 30,000 employees. According to data from the global smartphone market in the third quarter of this year, overall shipments declined by 6% compared to the previous month, due to global chip shortages. Oppo ranks fifth on the list, and Samsung, Apple, Xiaomi, and Vivo are in the top four.