For the vast majority of office workers, they would not be satisfied no matter how high their salary was.
Everyone's pursuit was the higher the better. There was no end to it.
But after Xing Hai Technologies proposed the "absolute salary" standard, the vast majority of office workers calculated their "absolute salary" according to this standard and expressed their heartbreak.
"My internship salary is $5,000, but after deducting rent, food, transportation, phone, and other expenses, my absolute salary is only $1,500."
"Damn, on the surface, my salary is $8,000, but after deducting all kinds of expenses, my absolute salary is only $2,800. I'm not even as good as an intern at Xing Hai Technologies!"
"This is heartbreaking. I've worked for five years and was quite satisfied with my monthly salary of $12K. But after deducting the absolute salary, my actual disposable income is less than $5,000. I'm not even as good as a junior employee at Xing Hai Technologies."
"I earn $20K a month in a first-tier city, but my absolute salary is only $6K!"
"I'm quitting! I quit! I've worked hard for my boss for two years, but I can't even save a penny. My boss can't keep me. I'm going to Xing Hai Technologies! "
Countless netizens expressed their desire to resign and work as an intern at Xing Hai Technologies.
There were also countless entrepreneurs, bosses, and entrepreneurs who scolded Xing Hai Technologies.
"According to this calculation by Xing Hai Technologies, in first-tier cities such as Shang Hai, Di Du, Shen Zhen, and Yang Cheng, the actual expenses of the enterprise will exceed $8,000 for an absolute salary of $3,000! This crosses the death line for most enterprises. If we use this standard, more than half of the small and medium-sized enterprises will die! "
"It's easy to talk. The well-fed don't know the suffering of the starving! Xing Hai Technologies is rich, you can pretend to be generous, but have you considered our life and death? The expenses in all aspects have already made us unable to breathe. Your Absolute Salary is another stab in our bodies that can't bear the burden. You're trying to kill us. "
"Xing Hai Technologies! Please don't casually throw out a new concept. You'll kill us! "
"Hua Yao announces that we'll abandon the original salary calculation system and adopt the 'absolute salary' system. At present, the average absolute salary of Hua Yao employees is $28400, ranking among the top in the country. We sincerely invite all talents to join us."
"Ali Technologies will also adopt the 'absolute salary' system. Our standards are similar to Xing Hai Technologies. Even for a new intern, the absolute salary will not be lower than $3,000. This will indeed increase the company's costs, but only in this way can the talents who join the big family of Ali have a real sense of gain."
"Baidu …"
The small and medium-sized enterprises were cursing and gnashing their teeth in hatred. The domestic technology giants were riding on this wave of popularity. They announced that they would follow Xing Hai Technologies' lead and adopt the "absolute wage" standard.
There was even a busybody who, according to the absolute wage levels of different regions and companies in the country, came up with a "Corporate Competitiveness Ranking List". This ranking did not look at the size or popularity of the company, but the average absolute wage of the employees. It was arranged from high to low, and it was clear at a glance.
As a result, the majority of netizens discovered that many well-known domestic enterprises were either not on the list or ranked very low. It was unbelievable.
The netizens said, "In the future, don't look at anything else when you look for a job. Just look at this competitive ranking list. If you want to find a job, go to those companies that offer a high salary!"
…
The introduction of the concept of absolute wages pushed Xing Hai Technologies to the cusp of the storm. Public opinion was mixed.
It also achieved a good effect of a wave of advertising.
The blueprint for Xing Hai Technologies' next step of expansion was also clearly presented in front of everyone. It was eye-catching.
He had set up 28 research and development centers in all provinces of the country and recruited tens of thousands of talents.
They were preparing to enter 11 key areas, namely —
Chip Design: Design a better CPU, design a more powerful and intelligent AI chip.
Chip Manufacturing: Begin research on chip manufacturing.
Supercomputer: Prepare to develop our own supercomputer to save the cost of purchasing supercomputers.
New Materials: Main research directions are graphene materials and nanomaterials.
New Energy: Begin research in the field of batteries.
Biomedicine: Conduct research on all kinds of incurable and difficult diseases and devote to human health.
High-end Medical Equipment: This is a trillion-dollar market. Currently, it is dominated by foreign companies.
Domestic Operating System: Prepare to create a completely independent operating system and establish our own software ecosystem.
Industrial Software: Develop domestic industrial software to enhance domestic industrial manufacturing capabilities.
Artificial Intelligence: This is Xing Hai Technologies' strength, but it still needs to be strengthened.
Robots: This is also Xing Hai Technologies' strength. It also needs to be strengthened.
There were a total of 11 areas.
All of them were high-precision areas. The threshold for each of these areas was extremely high. They had to invest a huge amount of money and go through a long research and development cycle in order to achieve a certain return.
The risks involved could be said to be extremely high.
Take the investment for example. The average construction cost of each of the 28 research and development centers was at least 3 billion!
Multiplied by 28, it was 84 billion! This was only the hardware facilities. There would be more investment in the future.
At present, Xing Hai Technologies had ample cash flow. It would not be a problem for them to fork out 10 billion in cash. However, the total assets of Xing Hai Technologies did not even reach 80 billion.
What if they did not have enough money?
They could only borrow from the banks and apply for bank loans.
As a high-tech company with zero debt, outstanding profitability, and unlimited potential value of various assets, Xing Hai Technologies did not need to send people to the banks to negotiate. Some banks, for the sake of performance, took the initiative to approach Xing Hai Technologies and asked if they wanted a loan.
Chen Jin found the Industrial and Commercial Bank of China, which had a more favorable loan interest rate, and obtained a loan guarantee of 50 billion. He could withdraw the funds from the loan at any time for the expansion of the company.
Even so, the 11 areas that Xing Hai Technologies entered were mostly high-investment and high-risk areas. Even if they invested 10 billion, they would not be able to make a splash. Therefore, it aroused countless doubts.
"Forget about chip design, you even dare to dabble in chip manufacturing? Have you eaten a bear's heart or a leopard's gall? You even dare to set foot in this field. If you don't invest tens of billions and produce results, consider it my loss. "
"Domestic operating system, independent software ecosystem? Xing Hai Technologies, are you dreaming? How many domestic operating systems have emerged over the years that boast 'independent intellectual property rights'? In the end, all of them are selling dog meat in sheep's clothing. How many of them are truly independent? How much market share do they have? I didn't expect Xing Hai Technologies to not give up and want to fail again. It's better to save money and do what you're good at! "
"I've always been very optimistic about the development of Xing Hai Technologies, but this time, they've really taken too big a step. It's not as simple as pulling the eggs. They're casting their nets randomly and catching fish randomly. They're really wasting a lot of energy and resources for nothing. They've already spent money to buy a lesson, yet they're buying another lesson.
Rich people can be capricious to the extreme. "In the comments on the technology circle and the internet, the vast majority of people expressed that they were not optimistic about Xing Hai Technologies' expansion plan.
There were also people who scolded Xing Hai Technologies for being stupid and rich.
Even the higher-ups of Xing Hai Technologies expressed certain doubts about the expansion blueprint of their young boss. They were not particularly optimistic about a few of the projects.
But after being slapped in the face so many times, they had learned their lesson and did not dare to raise doubts directly. Instead, they tactfully said, "President Chen, with so many projects, a success rate of 50% would be considered extremely high. A success rate of one-third would be considered very good. Isn't our business too big? Why don't we start with a few projects that we're more confident in? "
"A success rate of 50%?"
Chen Jin smiled and shook his head. "You're really looking down on your own company. If it's only a success rate of 50%, then it's a failure for Xing Hai Technologies!
Don't say that our business is too big. With Xing Hai Technologies' profitability, it doesn't matter how big our business is. The more we spend money on, the better! Holding so much cash on hand is the thinking of a miser. We still have to pay a corporate income tax. It's better to invest all of it and make more cakes. It's not enough to be content with a little bit of wealth, especially for a company like ours. To grow into a giant, our product line must be rich and our patent pool must be deep enough. We have to continue to expand! "
"Yes, yes, yes."
"President Chen is right."
"Indeed, we can't be content with the status quo. We should be determined to become a giant."
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