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Shandong to reward talents in “top 10” industries and emerging industries

2021/8/19 15:53:00

In recent years, Shandong has witnessed ever expanding market scale and ever improving environment for innovation and entrepreneurship, further released market vitality, and greatly increased demand for cutting-edge technical talents. In May 2021, the General Office of Shandong Provincial People’s Government issued the “List of Policies for Implementing the ‘Stability on the Six Fronts’ and ‘Security in the Six Areas’ to Promote High-quality Development (Third Batch)”, stipulating that Shandong will implement a reward system to commend and reward high-tech talents in key industries. According to the policies, the provincial government will commend key enterprises with R&D expenses not less than 5 million yuan increased by more than 10% in the previous year and R&D front-line personnel with an annual salary of more than 1 million yuan in the “top 10” industries and emerging industries.

In order to effectively implement the policies, further strengthen the development of high-end professional and technical talents, increase incentives and rewards for cutting-edge technical talents in key industrial chains, recently, Shandong Provincial Department of Industry and Information Technology, Shandong Provincial Department of Finance, and Shandong Provincial Tax Service of State Taxation Administration jointly issued the “Measures for Rewarding Cutting-edge Technological Talents in Key Industrial Chains in Shandong Province”. The “Measures” consists of four parts, which respectively clarify the purpose and scope of the rewarding, the basic conditions and requirements that the applicant enterprises and individuals ought to meet, the application process and the method of rewarding, and the departments accountable for explanation and validity period. The "Measures" will come into effect on September 9, 2021, and will be valid until September 8, 2024.

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Sponsor:Information Office of Shandong Provincial People’s Government