Huawei technology Shenzhen is well-known for its incredible high job pay ranges and job wage averages among the many IT companies in Shenzhen and even the whole China. Last weekend, Huawei for the first time exposed to the media the Huawei salaries statistics.
In the first half of 2011, their grassroots workers’ wages have raised by 11.4%. This portion of employees is about 40 thousand which occupies around 36% of the total number of employees of Huawai corporation. In the later half of 2011, the middle-level and high-level workers in Huawei company can expect a salary increase from 5% to 10%.
Financial report reveals that Huawei’s sales revenue in 2010 was 185.2 billion, which is 24% higher than the year before. Their labor expenses was 30.6 billion in 2010, which increased 23% compared to 2009. Average annual salary in Huawei was nearly 280,000 RMB which is 30% higher than nationwide average salaries in China.
Furthermore, more than half employees of Huawei are share holders, normally can get very high bonus each year.
Huawei Technology VS Ford Motor
1914，Jan 5, Ford Motor Company in United States announced 8 working hours per day, it was nine hours before. Meanwhile Ford Motor Company announced a wage jump from $2.35 dollars to $5 per day with an increasing rate more than 100%. The media reported ‘Gold Rush’ is started by Ford’s $5 Offer at that time. Many people misunderstood Henry Ford at that time. Ford’s annual revenue was just a bit higher than 10 million dollar at that time, but the salary adjustment would cost about 10 million dollar each year. Economists accused Ford for his misplacing of the spirit of the Bible in the industry. The critics claimed it was Ford’s hypocritical. However Henry Ford claimed it was not philanthropy or charity to raise the workers’ salary, but a serious problem about efficiency. Are Ren Zhengfei and his Huawei Compary doing the same thing in China?