Chapter 860 Salary System Upgrade
(Defense.) Steal. chapters, read again in five minutes)
In this way, I think Facebook's original three employee systems of M, P, and T are a bit outdated. M is a management sequence, which can be continued without change. But P and T can be combined directly, and the letter P can be used to represent them. From P1 to P15, there are 15 levels......"
Yu Wenfei explained the changed employee system. Yu Wenfei explained the changed employee system.
According to the new system, M still represents the management sequence, and the level of the existing management personnel remains the same, but the salary package will be greatly improved.
It turns out that Facebook's treatment is the first-class in the domestic Internet industry.
At that time, Facebook still relied on burning Yu Wenfei's own money and venture capital, and the company itself had no revenue.
It is by virtue of its generous welfare benefits that Facebook has attracted a large number of technical elites to join the company, leading all peer companies in terms of technical strength.
But Yu Wenfei doesn't feel like it's enough!
According to the new system, M still represents the management sequence, and the level of the existing management personnel remains the same, but the salary package will be greatly improved.
It turns out that Facebook's treatment is the first-class in the domestic Internet industry. The hairy young man he found had an annual salary several times that of him, what did he feel in his own heart.
Of course, Lu Qi made it clear that he supported this plan.
............
After reading the plan, Yu Wenfei closed the document and pondered for a moment. But now Facebook is very different from before.
Facebook has been listed, raised a large amount of money, and has become the largest and most user-used social platform in China, and has even begun to go global.
Then, Facebook's corresponding management system and salary package will begin to be on par with the world's top companies.
Otherwise, where will the competitiveness come from?
With the development of the company, some things also need to change, otherwise, it will not be able to keep up with the development of the company.
In the early days of Facebook's creation, Yu Wenfei personally formulated the three levels of employees.
Managers are graded with an "M" grade, which will determine the remuneration package of employees.
Employees in technical positions are graded with "T", and the highest "T15" is capped, and employees in the T sequence are generally paid but Yuwenfei feels that it is not enough!
Because in the future, Facebook will face global competition, and if it wants to attract the world's top talents to join the company, then the corresponding benefits must be compared with the world's first-class technology companies. The management personnel correspond to the M sequence, from M1 to M6, a total of six levels.
The salary corresponding to each level has been greatly improved compared with the original.
In fact, this is also the promise made by Cai Congxin to employees when Facebook was first listed, and it happened to be implemented by taking this opportunity.
M1, which is the level of junior managers, corresponds to the position of "supervisor".
For managers at this level, the original salary was between 6K and 8K.
But in the new salary system, the salary starts at 10K! For senior managers, it can reach 12K. At that time, Facebook still relied on burning Yu Wenfei's own money and venture capital, and the company itself had no revenue.
It is by virtue of its generous welfare benefits that Facebook has attracted a large number of technical elites to join the company, leading all peer companies in terms of technical strength.
But Yu Wenfei doesn't feel like it's enough!
Because in the future, Facebook will face global competition, and if it wants to attract the world's top talents to join the company, then the corresponding benefits must be compared with the world's first-class technology companies.
It's Yahoo, Google, Microsoft, IBM, Amazon, these real giants!
In addition, Facebook now has a lot of revenue through smart advertising distribution.
It's Yahoo, Google, Microsoft, IBM, Amazon, these real giants!
In addition, Facebook now has a lot of revenue through smart advertising distribution.
There is also a large amount of money raised after the listing, and more than a billion dollars of cash are lying on the company's account. This is the most basic for doctoral students from world-renowned universities.
It is also required that the research direction must be required by Facebook, and it must have been prominent in the field of research, and have published influential papers in well-known academic journals. In the early days of Facebook's creation, Yu Wenfei personally formulated the three levels of employees.
Managers are graded with an "M" grade, which will determine the remuneration package of employees.
Employees in technical positions are graded with "T", with the highest "T15" capped, and employees in the T sequence are generally paid relatively high wages.
Employees in the market and support positions belong to the "P" sequence, with the highest "P13" capped, and enjoy the corresponding remuneration according to the level.
At that time, these three systems were developed in China, which were relatively leading in China, and the treatment of employees was also the most generous in the same industry.
But now Facebook is very different from before.
Anyway, the annual salary that starts at $500,000 is not so easy to get.
Facebook is certainly qualified to ask for such a high salary, because this salary, in any country, is a manager beyond this level, and the original salary is between 6K and 8K. It's Yahoo, Google, Microsoft, IBM, Amazon, these real giants!
In addition, Facebook now has a lot of revenue through smart advertising distribution.
There is also a large amount of money raised after the listing, and more than a billion dollars of cash are lying on the company's account.
This money should be spent!
Facebook has a remuneration committee, Yu Wenfei is the director of the committee, and Cai Congxin is also the secretary general of the remuneration committee.
According to Yu Wenfei's idea, a draft was finally drawn up.
The management personnel correspond to the M sequence, from M1 to M6, a total of six levels.
The salary corresponding to each level has been greatly improved compared with the original.
In fact, this is also the promise made by Cai Congxin to employees when Facebook was first listed, and it happened to be implemented by taking this opportunity.
But in the new salary system, the salary starts at 10K! For senior managers, it can reach 12K.
M2, this level is the level of small department managers, which is also divided into M2-1 and M2-2, which are deputy managers and managers respectively.
In the original system, the salary starts at 10K, and the cap is 20K, which is 20,000.
In the new system, salaries start at 15K and cap at 30K.
M3, Senior Manager, refers to the experience of a senior manager or core department.
The original salary started at 25,000 and capped at 40,000.
High salary.
Even technology giants such as Microsoft, IBM, and Amazon give new employees with the same qualifications, and the maximum is only about 100,000 US dollars.