The One Behind It All Chapter 66

Employees who work overseas for three consecutive months can enjoy overseas business travel subsidies, the standard is US$50 to US$70 per day, and the standard in Hong Kong is HK$300 per day. For employees stationed overseas, the subsidy standards are divided into several levels according to local conditions, generally 50 to 85 US dollars per day. The more difficult and dangerous the place, the higher the subsidy. In 2004, Huawei's overseas subsidies were lowered to US$30 per day after tax in most countries. The company will also pay social insurance funds on behalf of employees, which will be allocated at the rate of 15% of the monthly basic salary. Employees can withdraw it in one lump sum when they resign, with a 20% personal income tax deduction.

In Huawei's salary system, the number of year-end bonuses accounts for nearly 1/4 of all remuneration. Huawei has a very large-scale "red envelope" activity in July and August every year. At that time, almost all the company's top executives were dispatched to distribute bonuses based on employees' contributions, performance, positions, etc. The average employee was around 10,000 to 30,000 yuan. Generally speaking, the backbone of the marketing system and R&D system is the highest, while employees doing repetitive work such as secretaries and production line workers are the least.

The biggest reward Huawei gives its employees is generous equity. It can be said that a considerable number of college graduates gave up well-known companies such as China Mobile and Motorola and went to Shenzhen when they first chose their destination. A big reason was because of the equity interests of Huawei, which is well-known in the industry.

Just imagine, a newcomer who has only graduated from college for two years has hundreds of thousands of equity, and can easily cash out the money without any effort when he leaves the company. I believe that few people can withstand such a temptation.

With the above-mentioned high salaries and various welfare measures, Huawei has given its employees a lot of face and a lot of money. In a city like Shenzhen where the ratio of men to women is seriously imbalanced, there are many people who are willing to be matchmakers for Huawei's young men. Because in the eyes of outsiders, Huawei employees can afford private cars, and middle- and high-level cadres have set their sights on cars such as VOLVES80 and BMW.