Financial Director Su Su, Vice President Guo Meng, and HR Director Chen Xiaoli entered Mr. Qiu's office together.
Secretary Zhen said that Mr. Qiu had something to ask them to come in.
The reason is that Mr. Qiu wants to know the current cash flow situation of Baofu Group. Simply put, has the money been spent? If not, please make more efforts to spend it.
Manager Su said that due to the establishment of subsidiaries and daily group expenses, there is still 5 million yuan left.
He thought about it and remembered that what the system said at the time was that if it was less than 1 million, or 10%, he could get 1 million, right?
He felt so annoyed. This broken system had so many rules.
The reward is so slow, why not just give me the money directly?
System, system, let me repeat the regulations regarding the bankruptcy of Baofu Group.
The system screen displays: After Baofu Group's funds exceed 10 million, normal expenditures are reduced to less than 10% of cash flow. The company can be directly regarded as bankrupt without changing its name. The host will receive a reward of one million. The system will continue to inject capital and start the recognition of a new cycle.
After looking at the requirements, it is correct.
Ten million means less than 1 million, but the amount of funds recognized at the beginning is already more than 10 million, so I will reduce the working capital to about 500,000, there should be no problem.
"Vice President Guo, Director Su, Director Chen, whether we are a group or a subsidiary, we must maintain a high capital turnover in the future."
"It's like saying that you don't need that much money on the books, and it doesn't matter if you take it all out."
Mr. Qiu thought about it and decided that it would be more reasonable to give a reason.
"Because our group wants to develop, we cannot have so much idle money. We need to make the money valuable, otherwise it will become numbers or waste paper."
Manager Su had never been like this before when he worked in finance at other companies. Everyone was afraid that the company would encounter unexpected difficulties, so they would keep a lot of liquid funds in the company.
What's more, in previous school studies, teachers taught us that high capital turnover or too little working capital can lead to company bankruptcy.
So she expressed confusion about this.
Mr. Qiu continued to explain, “A company or group will not fail, not because of a lot of money, I hope you can remember this firmly.”
“It’s technology, it’s concept, it’s courage, it’s humanity”
“This is the most important thing”
"Theory is theory, the key lies in practice. You can ask those economists to start a company and see how long it can last."
“Running a business requires taking advantage of the situation and moving forward in big strides, because what we want to do is to be a great group.”
After Mr. Qiu continued to give the three people a boost,
The main event of the day has begun, which is how to spend the money and make the group spend all its money.
Of course, the prerequisite is to convince these two, so I said so much before
Change their mindset
“Do you understand the problem of wage inversion?”
Human Resources Manager Chen said that the current salary of the group company is still relatively reasonable, except that the basic salary of some secretarial and delivery positions is relatively low. However, with bonuses and other subsidies, it is still good overall.
In addition, all the new employees are receiving quite high salaries. There are indeed some individual cases of salary inversion, but they are only isolated cases.
Mr. Qiu is very happy. Is this still the case?
Now that it exists, we must solve it.
Mr. Qiu did not let them discuss this issue any further, and spoke directly:
“The issue of inverted salaries can actually lead to very serious consequences. Maybe you’ve worked in other companies before and feel that the whole industry does this, so it’s okay.”
"But in my opinion, this is very relevant and problematic, and I don't want this phenomenon to happen."
"Is it really reasonable that someone who came later than you gets paid more than you? I think the salary inversion is very rude. It will seriously damage the interests of old employees and dampen their enthusiasm for work."
"Other companies do this because they don't take old employees seriously, or they just treat employees as money-making tools for the company. They use the method of salary inversion to pass on pressure, intensify internal competition in the company, force some old employees to leave, and then improve the so-called efficiency."
HR manager Chen Xiaoli was a little confused and asked Mr. Qiu what to do. In fact, whether it was Chen Xiaoli, Guo Meng or Su Su, they were all confused. No company they had worked for would pay attention to this issue, let alone talk about solving it.
Mr. Qiu raised his head and continued:
"We should adjust the salary system, attach importance to the cultivation of talents, and pay more attention to the needs of employees for salary increases. Even if employees do not ask, our group will take the initiative to increase their salaries."
"Employees' salary increases and the company's interests should be a two-way street."
“First, adjust the basic salary ratio of employees’ salaries, and increase salaries on a quarterly or annual basis. Don’t link it to market performance, but to project completion.”
In Mr. Qiu's opinion, a good employee is one who can complete the task. He doesn't need to do too well, as doing too well will result in losing money!
“Secondly, clearly measure employee contributions, which is reflected in helping others, which can bring a good spiritual cycle and transmission to the group.”
Mr. Qiu doesn't want his employees to contribute so much to the group, for he's afraid that the company will be dragged down and end up losing money. But he can't say it directly, so he can only ask his employees to be nice to others.
“Finally, more incentive mechanisms should be set up. Simply put, these are rewards and benefits given to employees, which also counts as part of the salary package.”
The last point was something that Mr. Qiu had specifically thought of, as a means of spending more money so that his subordinates would think more and reduce the burden on himself.
"Okay, now that the issues have been clarified, we will arrange the first salary increase immediately. Supervisor Chen and Supervisor Su will study this issue in more detail and implement it as soon as possible."
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