MTL - Wall Street Legend-Chapter 333 rectification

  Chapter 333 rectification

  If the boss is in a company with a dictatorship, the employee turnover rate must be high, but this phenomenon does not exist in Facebook.

On the contrary, Ye Dongqing remembered that some people said that his companies were very attractive during the recent job fair held on campus, and that more than a dozen excellent interviewees could be received for a position, which showed that they didn't really dislike the company, but rather followed the company. There is a little gap between Google and Google. In addition, the equity incentive plan is also an important factor that has to be considered. There are some differences between receiving salary and equity reward. The former will always be a wage earner, and getting equity means becoming a company. Minority shareholders have become part of it.

Now that the "trade union leader" has put forward his opinion, he thinks it is better to deal with it first. After sitting down in the office, he read the content of the proposal carefully, and he was immediately happy, and said to Ma Xi: "You also have a look , These guys are really shameless, they think about all good things, and they don't mention overtime, responsibilities and the like.

If you want to be free, you can, but you must have wolf nature. I will make them regret asking me for higher demands, because I will also ask them more... Help me find the COO, come to my office, thanks. "

  COO, the abbreviation of chief operating officer, the main job is to formulate the long-term strategy of the enterprise, supervise the execution of the department heads, and be responsible for the daily operation of the company. You can directly find her for such work.

  Stayed in New York for a longer time, and the COO was recruited after moving to Silicon Valley, so Ye Dongqing rarely met this lady named Becky Moore, and the number of phone calls was not many.

Yes, the chief operating officer of Facebook is a woman who just joined his team in September last year. Of course, there are some considerations in order to avoid being accused of "pale chauvinism", but the main thing is that Ms. Becky Moore is better , graduated from Wharton School of Business, served as a soldier, and also has a master's degree in psychology. In her thirties, she once held a core position in McKinsey Consulting Company. Several HRs recommended her to Ye Dongqing.

Out of some considerations, Ye Dongqing also felt that it would be better for her to manage a group of male employees. Now Facebook has more than 3,000 employees and six overseas offices. The gender ratio of male to female employees is as high as nine to two. A strong and **** operation officer is easier to be accepted by the employees below.

When Ms. Becky Moore walked in, she saw Marci standing there at the first sight. She knew the **** character of this young Chinese boss. She didn't like it, but it was clearly written on her face. Rich people That's the way it is in his circle. It's not that he doesn't have female friends who love to hook up with handsome young men, so he has no reason to accuse him.

Ma Xi has no aura about her, and looks pretty and quiet, which makes Ms. Moore feel a pity. Influenced by the mainstream media, she has a little prejudice against Ye Dongqing's life style, but she has never questioned his ability and vision. Otherwise, I would not have jumped over from that consulting company, but I felt that I would have room for improvement, so I agreed to the olive branch extended by the headhunting company.

Ye Dongqing was not polite, and told straight to the point: "Some employees came to me just now, saying that our management methods and benefits are not as good as Google's, and they made demands for equity rewards. After thinking about it for a while, I think their needs are also reasonable. Moore Ma'am, please refer to the equity incentive plans of other companies and come up with one in our company. I will agree to implement it when the time is right.

The threshold is set slightly higher, and a stricter elimination system and a stricter unfair salary system are introduced. The more you do, the more you get. In addition, the salary and bonus are linked to the ability of the employees, aiming at teamwork ability There is also an assessment, which will be related to their bonuses. It is no longer that all employees can get the same amount of bonuses. They must have more wolfishness. Now we are facing a lot of external competition. "

"Understood, I can draw up a new salary and reward plan according to your requirements in the past few days. There are ready-made examples in other companies to learn from. In fact, we have been learning and improving." Ms. Key Moore was a little upset at the moment, and she could probably guess who it was. The Indian employee also came to harass her, but she didn't want to be interfered by the employee too much, so she ignored it.

Hearing the meaning of Ye Dongqing's words, if you want to get more, you have to pay more. In the long run, it is beneficial to the company. The elimination system can keep the company continuously vibrant and competitive. Although it is a bit unreasonable, life is not like this. Bosses give more because employees can help them earn more and enable the company to maintain long-term competitiveness.

If you want a relaxed and stable job, you might as well go directly to the U.S. Postal Service, which is under official management. It will not go bankrupt after losing billions of dollars a year. With the support of labor unions, who dares to lay off workers on a large scale? Do you want hundreds of thousands of votes? up? If relatives and friends are mobilized, there will be millions of votes, so that more and more benefits will be obtained, but no one dares to use it, and a large group of idlers will be raised.

   "Well, remember to send it to me for a look after it's drafted, so there's nothing going on in the company recently, right?"

Ye Dongqing saw that Ms. Moore seemed to have understood what she meant, so he didn't say any more. He hadn't considered how and when to implement the new salary and welfare policy for the time being. It is not too late to make an assessment, and the risks and benefits involved must be considered comprehensively. Managing a company with a market value of tens of billions of dollars is not the same as managing an ordinary small company.

Ms. Moore, the current COO of Facebook, shook her head after thinking for a while and replied: "There are some small troubles. As we expand to other overseas countries, the directors of many project teams told me that there is a shortage of manpower, but this month we can learn from major universities. A lot of interns have been recruited, and they will be able to come to work at the beginning of next month, which should relieve the pressure of shortage of manpower. After several months of observation and understanding, some of them will be retained, while others will be eliminated .”

"By the way, those interns shouldn't have a place to live, right?" Ye Dongqing suddenly remembered this question, and continued: "For the rest, you can wait for a while and discuss it with the Santa Clara City Hall. Buy a large piece of land by the seaside of San Francisco Bay, use it to build apartments, sell them at cost price or lower price, and you can also rent out some houses to them for a nominal fee..."

  (end of this chapter)