My rebirth is different

Chapter 860
"This Facebook, relying on its own money, started messing around! Doesn't this kind of salary system attract the elites of the domestic Internet industry! Let us companies still survive!"

Mr. Lin of Sina was furious in the conference room, slapped the table and said.

"Yes, the number of employees submitting resignation letters has suddenly increased recently. Moreover, they are all the backbone of the technical department. It is conceivable that they all go to Facebook." The director of human resources said with a bitter face.

"You are not allowed to resign! Seeing that other companies are getting better treatment, they want to jump to another job. Have they forgotten how the company trained them? These white-eyed wolves!" Mr. Lin said angrily.

"Ah? Others have resigned naked, what reason should I use to keep them?" the human resources director said in amazement.

"Have none of the employees in these key positions signed a non-compete agreement?" Mr. Lin asked.

The director of human resources spread his hands and said with a wry smile: "Signing the non-compete agreement is to give employees corresponding subsidies. At the beginning, I..., and then I didn't implement it."

What he said was to save face for Mr. Lin.

Because at the beginning, he suggested to Mr. Lin that for employees in important positions, they should sign a non-compete agreement to prevent them from being poached and working in a competitor's company.

However, when Mr. Lin heard that the contract was signed and that there would be substantial subsidies for the employees, he vetoed it without hesitation on the spot.

The director of human resources still remembers what Mr. Lin said at the time, "Hey, why did you sign this thing? These employees are already very popular for being able to join our company, and they can't be driven away. Why do they want to change jobs? Where can they jump? Is there any better Internet company in China than Sina? Haha..."

Indeed, at that time, Sina was one of the earliest listed companies in the domestic Internet industry, and it was at its peak, becoming the number one portal website in China.

No wonder Mr. Lin has such confidence.

Unfortunately, things are unpredictable.

In just two short years, the banner of the king has changed at the top of the city, and Sina is still a good company in the domestic Internet circle.

But compared with several leading companies, it has already been thrown away by nine streets.

Facebook, on the other hand, exists alone.

The market value of the company is as high as tens of billions of dollars!

Comparing Sina.com with Facebook, it is like a little ant standing next to an elephant...

"Let's... Let's raise the salary too. Otherwise, we won't be able to recruit excellent employees in the future. Hey, this Facebook is really an industry killer!"

In the end, Mr. Lin still lowered his head and faced the reality helplessly.

…………

In fact, it wasn't just their company that was affected.

The upgrade of the salary system has had a relatively large and far-reaching impact on the entire industry.

Talent is a company's most valuable asset. This sentence is no longer just a slogan. Facebook has actually done this.

For any company, the loss of excellent employees, or the failure to recruit elite talents, to a large extent, it is because you have not paid enough money!

Many bosses chanted slogans loudly, but when they gave money, they searched and searched.

Such a company can fool employees for a while, but it will never fool them for a long time.

Employees also have to support their families, get married and have children. Everyone is not a fairy, and it is impossible to support them with ideals and passion.

Yu Wenfei has done a very good job at this point, and he is also very generous to his employees.

When Facebook was first founded, the treatment of this company made many colleagues envy.

With the development of Facebook and its listing until now, the treatment level of Facebook has been greatly improved again, and it can even be compared with developed countries.

Don't say that China is still a developing country, the salary standard can be lowered appropriately, and you can't compare with other foreigners.

However, Yu Wenfei believes that since he is determined to become a world-class company, he must have a global perspective and have an international perspective.

Not only in terms of requirements, it is on par with world-class companies, but in terms of remuneration, of course, it cannot lag behind.

Otherwise, how do you rely on to recruit top talents in the industry.

If you don't have top talents, you can use your head to become the world's top company...

…………

The "Genius Youth Project" of Facebook has indeed aroused great interest among students in several top universities in China.

Since he is a genius boy, it must be for students at school.

Of course, even undergraduates, basically the recruiters are PhD students, and they must be geniuses among geniuses.

That's 50 million US dollars!
400 RMB!

In China, when will you be able to get such a high salary just after graduating with a Ph. D.?

Not to mention domestic, even a doctoral graduate from a prestigious American university cannot get this salary.

To put it bluntly, the domestic academic leaders and academicians don't have this income for a year!

Therefore, it is conceivable how attractive this salary is to those doctoral students.

Many students who originally planned to go abroad have also begun to reconsider whether to try their luck on Facebook.

What if I get hired...

Isn't going abroad for a better future?

But even if you go abroad to study for a few more years, you may not be able to find such a high-paying job after graduation.

And this is in China, the price is much lower than abroad.

For the same $50, the purchasing power is several times higher than that of foreign countries.

In the United States, maybe your annual salary is 200 million US dollars, but you can’t live comfortably with [-] US dollars in Shanghai!
In foreign countries, if you want an annual salary of 200 million US dollars, it is also difficult in hell.

Those who dare to come to Facebook to apply for this project are definitely the geniuses of the geniuses, the elites of the elites.

Because everyone knows that this salary is ridiculously high, and the competition must be very fierce.

Everyone has self-knowledge, and those who are not as good as they are, don't waste time at all, and go for what you should do.

It is impossible to apply for a job at all.

…………

During this period of time, the Facebook headquarters office building in the Star Science and Technology Park was busier than usual.

They're all here to apply!

Everyone in the human resources department is extremely busy, screening out suitable candidates from countless resumes every day, and calling them for interviews.

As for the company's conference room, almost half of it is requisitioned by the human resources department, because there are many people who come for interviews every day.

Seeing this situation, Cai Congxin was a little terrified, because not adding a new employee means that the financial pressure has increased.

The employees recruited now are all technical elites, and their salaries are not low.

But he didn't say anything, because Mr. Fei had personally confessed that as long as the candidate was good enough, the door of Facebook would always be open.Don't be afraid of too many people. You are never afraid of too many talents, just not enough.

Keep hiring!

Yu Wenfei is not recruiting randomly, but the company really needs more talents.

Think about how many employees there are in Ali and Goose Factory in later generations, and you will understand.

(End of this chapter)