Xiaomi has always been famous for its low wages and high work intensity. However, ironically, executives are holding a huge annual salary. According to the statistics, the top five executives' annual salary per capita in 2017 will reach 40 million yuan, and 2016 will be even more. It reached a level of 56 million yuan, which corresponds to a yearly salary of less than 170,000 yuan per employee in 2017.
Xiaomi executive team photo with Xiaomi executive team
The millet IPO is arguably the most sensational event in the Internet circle since 2018. There are endless discussions on its valuation, business model and other issues. Some of them are straightforward, but there are also many examples of rumors that have once made the outside world aware of Xiaomi. There is confusion.
Sina Finance carefully studied more than 500 pages of the mill's prospectus, trying to find a lot of details scattered in the corner, from a more perceptual perspective to read such a monster, and will publish a series of valuable original reports.
Today is the first piece of the Xiaomi series. It focuses on the wages of Xiaomi’s ordinary employees, employees’ shareholdings, and executive compensation, and other issues that are vital to the interests of employees. What are the employees enjoying in the fast-moving super unicorn?
The average annual salary of employees is only 167,300 yuan
Millet IPO brings many myths of wealth. The most typical are the following two:
First, the value of Lei Jun and other founding executives.
According to the data, Lei Jun through a variety of complex design, holding a total of 31.41% stake in millet; co-founder, President Lin Bin holds 13.33%; co-founder, brand strategy officer Li Wanqiang holds 3.24%.
These three are the core and soul figures of Xiaomi. The ratio of holdings is also the largest among senior executives. This millet was successfully listed. If it is calculated at a valuation of 70 billion to 80 billion US dollars, Lei Jun’s personal value is directly in the range of 20 to 30 billion US dollars. 3. Lin Bin and Li Wanqiang also successfully promoted the ranks of billionaires.
The second is the problem of the employee's worth. Xiaomi has long implemented three methods of salary settlement, that is, he can choose 2/3 of the compensation + equity; can also choose 1/3 of the compensation + equity; or all cash. Provide equity incentives. The threshold is not set very high. For example, if the customer service staff has worked for more than half a year and has performed well, he will give options.
At the time of disclosure of Xiaomi's prospectus, more than 5,500 of the 14,513 employees of Xiaomi have chosen to hold shares. Therefore, it is reported that the top 1,000 employees of Gongxiao have become a member of the family because of equity incentives.
This situation is certainly true, but the figures have exaggerated components. Sina Finance is more concerned with such a large number of employees. What happened in the past 8 years? How did they get paid during their work at Xiaomi?
According to the information shown in the prospectus, Xiaomi’s employee wages, salaries and bonuses totaled RMB 2.428 billion in 2017. If the number of employees was calculated as the number of 14.513 million employees on March 31, 2018, the average salary per employee was only RMB 167,300 ( Here we will not consider the influence of the number of new employees in the first three months of 2018.)
The average annual salary is 167,300 yuan, and the monthly salary per capita is also tens of thousands of years old. It is a somewhat distressing figure. The super-good welfare in the Internet circle Tencent, the data released in the 2017 annual report is the monthly salary per capita. 6.5 million yuan, converted to adult annual salary of more than 700,000 yuan.
Five executives earn 40 million yuan a year
Without comparison, there is no harm, and a set of data estimates Millet's employees are even more uncomfortable.
Although Xiaomi’s average annual salary is very low, the executives are very high. According to the disclosure of the top five highest-paid individuals, the total salary in 2017 reached RMB 196 million. This is still the salary after compression, the highest in 2016. Up to 282 million yuan.
This means that the top five executives in 2016 had an annual salary of RMB 56 million per person. Although some of them were reduced in 2017, they are still close to RMB 40 million.
Intimate millet also lists the distribution scope of the salary of the five executives. One of them has an annual salary of RMB 1-150 million, and it is one from three years from 2015 to 2017; the annual salary is RMB 30 million - There are 2 executives between 100 million; in 2016 there is still a person with a salary of 10 million yuan or less, which rose by more than 10 million yuan in 2017, which means that five senior executives collectively jumped more than 10 million yuan.
The income of this executive group is indeed higher than that of the industry. According to the latest 2016 A-share Chairman's salary rankings, Lin Chung, assistant to the general manager of Haitong Securities, the highest paid salary, earns only 15.49 million yuan, and the overall financial industry in 2017 is high. the average salary pipe is only 23.16 million yuan, either whole or single-valued and millet are far worse than that.
In Hong Kong stocks, this salary is also very high. If you are not forgetful, the last time the executives of Hong Kong stocks raised a lot of money was Yang Yuanqing, whose annual salary in 2015 was as high as 118.96 billion yuan, the highest price of Chinese shares in Hong Kong stocks. ', known as China's most famous 'employees'
However, Yang Yuanqing's performance in these years has been very obvious, not only bad, but also recently being kicked out Hengheng shares, high wages and bad performance form a humorous contrast.
Judging from the current data, which of the millennium executive team surpasses 100 million yuan in high-paying people will have a higher probability of listing more than Yang Yuanqing's income. I don't know if this is a good or a bad thing.