I'm not really a god of rebirth

Chapter 437 Changes in Intraday Trading

In Zhao Tao's company, many traders are now ready to move.

Zhang Xiaojun, Xu Meng and the others were fairly moral, they didn't poach people from the company, and they didn't make a big deal of it.

However, the fact that Donglai raised the basic salary to poach people had already spread throughout the day trading circle, and the traders in Zhao Tao's company naturally knew about it.

Moreover, many of these traders knew Li Dong.

So there are more ideas.

Many people looked for Xu Meng and the others in private, and they also wanted to come to Li Dong.

Xu Meng and the others said that they had almost recruited people, and they would not be recruiting for the time being.

But those people would not give up easily, so they approached Zhao Tao, hoping that Zhao Tao would also give them a base salary increase.

At first, Zhao Tao thought that Li Dong was deliberately poaching him, and was very angry.

Talk to Zhang Xiaojun and Xu Meng.

Zhang Xiaojun and the others didn't hide anything from Zhao Tao, so they told Zhao Tao everything about the situation.

Knowing that Li Dong had specifically instructed them not to poach people from Zhao Tao, Zhao Tao calmed down.

But the problem is still not solved.

The traders in the company never forget the basic salary.

One of the things that Zhao Tao is most worried about now is how many traders Li Dong wants to recruit.

If Li Dong is only recruiting 35, then it's okay.

As long as Li Dong's side is fully recruited and there are no more recruits, then the matter of the basic salary can be suppressed slowly.

Anyway, Li Dong's side is not hiring anymore, and except for Li Dong's, other trading companies don't have a basic salary, so it's okay for traders to threaten to ask for a basic salary by changing jobs.

But I'm afraid that Li Dong wants to flex his muscles in the intraday trading industry.

Zhao Tao knew a little about Li Dong's wealth.

Among other things, just one Donglai and one Shenghai, how much are these two companies worth?

It is no exaggeration to say that as long as Li Dong thinks, he may really monopolize the entire domestic intraday trading industry.

If Li Dong keeps recruiting people, then in the end, it is guaranteed that no trading company can sustain it.

Either increase the basic salary with Li Dong, or close the business.

However, if the basic salary is increased, according to the current situation, it is no different from drinking poison to quench thirst, and it will not last long, and will eventually close down.

Zhao Tao didn't beat around the bush with Li Dong, and directly shared his concerns with Li Dong.

Li Dong said with a smile that he did not intend to develop into the field of intraday trading.

I don't have that much time to spare.

He just recruited a few traders, not many, one hundred and eighty would be enough.

Zhao Tao said with a long sigh of relief, that's good, that's good.

Li Dong laughed and asked Zhao Tao, are they really so afraid of him poaching?
Isn't that just an increase of [-] basic salary?They can also add ah?

Zhao Tao explained the stakes to Li Dong with a wry smile.

Li Dong suddenly realized.

Then he said to Zhao Tao earnestly: "In fact, I think that from the perspective of long-term development of day trading, traders should be given a basic salary. We are all traders, and we should all have a deep understanding of this. The industry of day trading , Income is unstable. When the market is good, you may earn tens of thousands a month, and those with a higher level may even earn hundreds of thousands or millions. But when the market is bad? Losing money, you can’t get a penny at the end of the month Yes. You said, staying up all night every day, exhausting to death, after a month, but not earning a penny, not to mention losing a lot of money, who can bear it? Especially for many newcomers For newcomers, it is very demotivating. Moreover, it takes at least three months, half a year, or even a year for a trader to be able to make a stable profit from the day he joins the company. After such a long time, he cannot make money , there is no income, how many people can persevere? So in my opinion, it is this that greatly limits the development of the domestic day trading industry. Now most of the domestic industry in this industry are It's because I like doing business, and because I like it, I can persist even if I have no income for a few months. But such people are a minority after all. The vast majority of people are looking for a job to make money, not to make money Who wants to do work? So, from the perspective of industry development, I think the basic salary should be paid. Even if it is a little less, 1000 or [-], at least so that traders will not be hungry when the market is bad and there is no profit , It also allows those new recruits to persevere."

Zhang Xiaojun said with deep emotion: "I think Brother Dong is right. Just say that our company is doing well. Mr. Zhao interviews newcomers almost every weekend, and there are dozens of newcomers a month. But these newcomers, most of them They can’t work for a month and leave. It’s one thing that they can’t stay up late and can’t endure hardships. On the other hand, the company has no basic salary. If you don’t earn money, you have no income. It makes people feel that the company is very informal. They really like this industry very much and want to continue working for a long time. However, they have no income for several months, and eating is a problem. How can they persist? The apprentice I brought up before, Liu Shankai, loves trading and can endure hardships. Moreover, I also feel that he is very talented in this industry, but he has been working for a few months, but he has been unable to make any money. In the end, he really couldn't keep going, so he changed his career and went to a securities company to attract clients. Before leaving, We had a meal together, and he told me that he really wanted to do this job, but there was no way, he had to eat, and he didn’t earn any money for a few months, and his family didn’t want it anymore. He said, when he was stable , I have a little savings on hand, so I will come back to this business. There are many people like Liu Shankai. If the company can pay them a basic salary, then they can stay. It will not be like this now, the company spends all day Recruiting newcomers, but less than one-tenth of them can really stay. It's exactly that kind of training newcomers like a big luck."

Zhao Tao sighed and said: "I understand what you said. But you all know how expensive it is to train a newcomer now. The software fee alone costs hundreds of dollars a month, and then it costs a few hundred dollars a month. Not to mention, a loss of $7000 would be close to $4, and $40 went in. On average, it took half a year to make stable money, and that was $10,000 to $[-]. It’s just one person. Generally speaking, one out of ten newcomers can be trained, which is equivalent to a cost of [-] to [-] yuan to train a trader. If the basic salary is added, it is [-] yuan per person, and training one person is equal to It’s an increase of [-] to [-] yuan out of thin air. In addition to the old employees of Baishihao, another [-]+ a month, the company really can’t afford it.”

Li Dong said: "So the problem still lies in the way of cultivating newcomers. Nowadays, these trading companies almost have no threshold when recruiting. As long as they are people with normal intelligence, they will give you an account to do it when they come. If you can’t do it, get out. To be honest, this kind of idiot cultivation method like casting a net is too backward, and the efficiency is too low. I have also learned about some foreign trading companies, how do they do it? What about it? First of all, the recruitment threshold is very high, and the educational background is basically a master’s degree or above, and it must be a master’s degree from a prestigious university. Then the entire interview process is also designed very rigorously and scientifically. Your IQ is tested. Your sensitivity to data also needs to test your personality. The interview alone has screened out many people. Then their training system is also very complete, scientific and efficient, with a three-month training period , is enough. In short, the efficiency of recruiting new recruits is very high, basically [-]% to [-]% success rate, and the cost is also low. But what about us? It seems to save worry and effort, but in fact we cultivate a qualified The cost of a trader is several times that of others, and they still pay a basic salary as soon as they join the job. So in the final analysis, it is the wrong model of our trading company, not a question of whether to give a basic salary."

After hearing this, Zhao Tao thought about it carefully, and said, "I have also understood what you said. How should I put it, in fact, it was not that no one adopted this model at the beginning. The earliest domestic transactions The company had very high requirements for recruitment at the beginning, and at least a bachelor's degree was required, as well as majors in finance, mathematics, etc. But gradually, it was discovered that these so-called high-achieving students may not necessarily do better than Those who graduated from high school and junior college are so good. Not to mention, these high-achieving students have high requirements. They sign contracts and require a basic salary. This and that, on the contrary, are those with mediocre education. They don’t have any requirements. If you are the boss, how do you choose? Do you want those high-achieving students or those with average education? And there is another problem. In our country, the social recognition of the financial transaction industry is still relatively low. In the eyes of many people In China, doing stocks is gambling and not doing business properly. This has also caused many high-achieving students to be reluctant to enter this industry. So slowly, it has become what it is now. Trading companies hardly set thresholds when recruiting. What education do you have, as long as you are not a fool. Then I have to say that many companies do not do well in terms of training. The main reason is that the bosses do not want to spend too much energy on training. Just stock up and let the old employees Bringing in new employees, if you bring them in, you will become a full-time employee, and if you can’t bring them in, just leave. It’s simple and straightforward, and the boss doesn’t worry. To put it bluntly, the national conditions are different between China and foreign countries. In foreign countries, on Wall Street, traders are all The elite of the elite, what about in China? Staying up late every day, like a night owl, many traders laugh at themselves as a hard worker moving bricks. There is no way, it is such an environment. Originally, everyone was doing this, and they could survive anyway, but Now you suddenly pay the traders a basic salary, and it’s [-] if you send it back, it’s like throwing a blockbuster. The traders can’t sit still, and they all ask the boss to increase their basic salary. Can those bosses not be here? Scolding you behind your back? Just read the posts on the forum."

Xu Meng smiled and said: "Don't tell me, many people on the forum are praising Brother Dong as a conscientious boss, but they are calling you bosses who refuse to pay the basic salary as Zhou's pickpockets."

Zhao Tao also smiled helplessly: "Traders must praise Li Dong, but you also have to see that there are still many posts posted by bosses on the forum, all scolding Li Dong, saying that Li Dong has destroyed the industry. The rules seem to be beneficial to traders, but if things go on like this, trading companies can no longer survive, they go bankrupt, and the entire industry is ruined, so aren't the traders the unlucky ones?"

Li Dong smiled and said: "Anyone who likes to scold can scold, I will pay my basic salary, and I don't care about other people. Even if the entire day trading industry is dirty, it will have no effect on me, and it will not affect my company's transactions." In fact, Mr. Zhao, I am not alarmist. If the intraday trading industry continues to do this, it will be over sooner or later. If you want to truly develop this industry, you must not break it. This model of trading companies must be changed. "

Zhang Xiaojun echoed: "Brother Dong is right. Let's just say that those who do business in China now are just doing small things, and earning [-] a month is already considered good. But look at others Those foreign traders each hold at least hundreds of millions of dollars of funds in their hands, and they are all doing big bands and big trends. How can we just know how to brush orders? Even if they trade orders, it is also an electronic program High-frequency trading. We are still too far behind, and the level of our traders is really incomparable with others abroad."

Zhao Tao was thoughtful.

Li Dong said again: "Mr. Zhao, let me tell you something heartfelt. As for me, I don't have the time to do intraday trading. Xiaojun and the others will follow me in the future, mainly focusing on trading. It has nothing to do with me. But on your side, if you really want to do well in this industry, you must make some changes. The first is recruitment, and you can no longer cast the net. We don't need to look at academic qualifications, but You have to look at your ability, you can’t draw everyone into the company. Then you have to put more effort into the training, you can’t just leave the newcomers to the old employees as before, the company has to formulate a sound and scientific system Training system. The most important thing is to have a basic salary. Newcomers can pay less, one thousand or eight hundred, in short, don’t make people hungry. After becoming a regular, you can increase it appropriately, two thousand, three thousand Thousands. If you do this, at the beginning, it will indeed increase the cost of the company, but believe it or not, within half a year, the size of your company will at least double. Many old traders, just for your basic salary, will also I came to your company. Moreover, you don’t have to worry about your peers scolding you, because I started it, and they scold me as well.”

Zhao Tao thought about it again.

Fang Lin next to her was moved, and said: "I think what Li Dong said is very reasonable. Li Dong started this. In the future, there will definitely be more and more trading companies that will pay their employees a basic salary. The sooner the salary is paid , the easier it is to attract a group of traders, and it will be too late when everyone else starts posting.”

Zhao Tao was a little moved, thought for a while, and finally made up his mind, and said: "Okay, after we go back, let's study the basic salary plan and pay the employees a basic salary."

(End of this chapter)