If conditions permit, Xing Baohua also wants to establish a company jointly owned with senior executives.
This way, executives and talents will have no worries about bonuses.
Only financial resources can attract a group of high-caliber talents.
This also provides a kind of cover for the concealment of these people's assets.
On the surface, all you see are their transparent salaries and bonuses from the electronics factory, but behind them are shares in another company that nobody knows about.
Of course, if you want to check, you can still find it.
Xing Baohua's model has attracted a lot of attention, and people from various departments have come to learn more about it and whether it is worth learning and promoting.
Many companies are now undergoing restructuring and reorganization.
But employees remain employees, receiving fixed salaries and bonuses. Direct profit sharing is irrelevant to them.
So, is Xing Baohua's model good or bad? That's unpredictable; we can only observe it for a few years before making a judgment.
Therefore, it is worth paying attention to.
The atmosphere in the factory is very good right now, and the regular employees are highly motivated and working even harder.
This group of people has experienced a lot and has lived in a collective environment, but they are different from others.
As long as you work hard and contribute more to the factory, you'll earn more money when the business is doing well.
As for the kind of collective life of the past, it was impossible to find someone who would shirk their responsibilities or not contribute.
The factory has rules, especially performance-based rules, which effectively prevents people from slacking off.
If such a person is discovered, they will be dismissed after a few warnings.
The difficulty in getting expelled no longer exists.
The shareholding system in electronics factories also led to a minor drawback: those who knew about the company were trying every means to pull strings and use back channels to get into the factory.
There's no way around it, electronics factories are just too profitable. After being poor for so many years, everyone wants to get rich!
The personnel department reported to Xing Baohua that there were too many workers who had signed up to work at the factory, nearly two thousand.
Xing Baohua simply said, "That's it."
However, there are conditions: applicants must have worked for more than five years, have a high school diploma or above, and have no prior disciplinary record.
Only one hundred positions were opened up for trial workers to enter the factory.
To receive shares, one needs to have been a full-time employee for more than three years.
However, it takes two years to become a full-time employee.
That's the rule. If you're not satisfied, you don't have to come. Training a skilled worker takes time and money; they can't just stay for a year or two and then leave, can they?
Most employees thought it was stock, but it was actually dividends.
They can't take the shares; once they leave the company, they get nothing.
Many people are asking how much money the electronics factory made last year, how much it made this year, and so on.
I don't know who spread the rumor, but it's said that the electronics factory has over 20 billion in its accounts. Whether it's true or not, nobody knows.
But most employees believed it; there's no smoke without fire, and the rumors spread like wildfire.
Some say that Director Xing currently holds 5% of the shares, while Shangguzhuang holds 3%. The employee committee holds 92% of the shares.
Over 20 billion! Goodness gracious. Divide that by the current number of employees! How many people are in the electronics factory again? Hmm, maybe 2,000? No, let's say 3,000.
You wouldn't believe it until you calculate it; each person would have to receive seven or eight million!
I don't know who taught him math, but he just made random calculations, and quite a few people actually believed it, spreading it even more wildly.
This is a beautiful dream, and also a disease.
It's an illness that needs treatment, but I wonder what people will think after learning the truth. Perhaps some people who can read financial statements will be furious to find out they owe money to the bank?
Previously, Xing Baohua had helped the bank meet its loan targets in order to repay a favor and save face, which is how he managed to get some of it.
Back then, we certainly didn't lack money, and it came down quickly.
When they were really short of money, they stopped giving them loans.
If Xing Baohua didn't have two banks behind him, he would have had to use his working capital.
Every company has some debt to some extent; this is perfectly normal.
Otherwise, why would there be a balance sheet? When it comes to loans, the first thing banks look at is the balance sheet. If the balance sheet is too clean, it won't do; they'll be afraid!
Old Kong rode a bicycle with a broken chain towards the city.
The chain got damaged several times along the way. Not only were his hands covered in oil, but he also kept cursing, "They're not treating a scholar like a cadre at all."
He also harbored resentment towards Xing Baohua.
He glared at me twice, then messed up again. That's how things go wrong at crucial moments.
Having finally arrived in the city, I first got some laundry detergent from the gatekeeper and washed away the grease and grime in a basin.
Anyway, it can't be washed clean, it still looks black.
I didn't even feel comfortable using the towels from the gatehouse, so I just wiped my backside a couple of times. After registering, I went to find my superior.
By this time, the superior had already smashed two teacups.
Such a big thing at the electronics factory, and we only just found out about it here. We didn't even get a notification; we're in a very passive position.
What's even more infuriating is that the inserted nail wasn't reported in time, and several calls came in from above asking what happened.
Many people have received the news, and many are paying attention to it.
This immediately increased the pressure on the city.
When they met Lao Kong, they first criticized him, asking why he hadn't reported such an important matter in advance.
Old Kong had no choice but to suffer in silence; what could he do if people didn't include him in their meetings?
"Your position at the factory?" the leader asked.
Old Kong nodded; they were using his factory position to squeeze him out. Meetings wouldn't be allowed, he couldn't get into many places, let alone have a vehicle sent to him.
If you randomly pick a company the size of an electronics factory, the knowledgeable person inside will be the biggest.
What if they don't send a car?
Only an electronics factory could be this powerful! They even have public bicycles; look at how badly they've been ridden.
This time, I'll have a good chance to complain to my superiors.
"Isn't there a recommendation system at the electronics factory? Use your connections to contact those party members and get you promoted." The leader's words, spoken as if specifically requested, immediately made Old Kong's eyes light up!
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