Chapter 576 - 369 Loss
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Just a few days away from the last month of 2017.
Chen An’an was still thinking about taking some time to play on the super yacht from Xiangjiang for a couple of days.
Chen Pingsheng had no objections, and neither did An’an.
Only Chen Lu, who was just over three months old, sat by the side staring with his big eyes and clapping his little hands to express that he too wanted to join.
Without hesitation, An’an covered his ears, "Dad, we can’t let Little Third go, right?"
"Yeah, if he retains even a little memory of the super yacht, Dad, your act as a middle class could hardly go on."
The sisters rarely agreed on something.
They definitely knew their family was not middle class, but born into luxury.
Little Third was different; great responsibilities are given to those who are expected to endure much suffering first.
He... must go through hardships.
"Alright, then let his grandmother take care of him for a couple of days, and I’ll take you both this weekend."
He definitely had no classes on the weekend, and lately the Tengying Group has also been busy dealing with the aftermath of the recent layoffs of senior managers.
A two-day getaway was perfect to take the two little ones out to sea.
It had been quite some time since their family went out to have fun together.
The neighborhood group even posted a little announcement, meaning to set up an entertainment group for the elderly.
Asking all those retirees over sixty to join, so they could hang out together.
Traveling, playing mahjong, square dancing, anything would do.
The community was not only home to many young people from out of town but also a considerable number of elderly residents.
Chen Pingsheng suggested that Peng Ying join too, as she was learning stock trading from Liu Fen.
Relying on insider information to make money, these two years they have both managed to lose a lot by their own efforts.
Liu Fen herself no longer mentioned being the stock master of the Liu family, as the stock market trend has been very depressing these past years, resulting in losses in whatever they bought.
Even her son-in-law stopped trading stocks, so for her to continue didn’t make any sense.
The key point was they no longer made money. @@novelbin@@
So now that there is such an elderly activities group, Liu Fen was quite interested and pulled Peng Ying in with her.
Another weekend came in the blink of an eye, and Chen Pingsheng drove to the yacht center.
His family owned two yachts moored there, one worth fifty million and relatively small.
There was also a forty-eight-meter-long midsize super yacht.
Just the mooring fees cost over two million a year, not to mention the hundreds of thousands starting price for various maintenance costs.
Many yachts moored there are also managed by some rental agencies responsible for taking care of them, and they are rented out to clients when available.
Securing a certain economic return.
Of course, those that do this kind of business generally own smaller yachts.
For a midsize super yacht like the forty-eight-meter one, a week’s rental fee alone costs several hundred thousand.
Very few could afford to rent it.
Chen Pingsheng was not just taking his own family for fun, he also invited Chang Fu, Yang Qian, and Chu Qiuyan.
An outing with such a super yacht would require at least four or five staff members to serve.
Unlike the sweltering summer, the sea in winter was mostly biting cold winds.
Thankfully, the temperature in the large salon of the yacht was comfortable.
Chen An’an, who hadn’t been out to sea for a long time, had already taken An’an to the back to fish for sharks.
They didn’t catch any last time, but they wised up this time.
They even hired a professional master for guidance, hoping to enjoy a great sea fish caught by themselves for lunch or dinner, that would be awesome!
What an appetite for delight.
"Old Chen, Gao Hu probably hasn’t contacted you yet, right? The hot pot restaurant he set up in Sha City is about to open."
"He poached so many people from Fei Yangyang, didn’t even greet us, now why would he contact me?"
Chen Pingsheng indifferently said, "Fei Yangyang, besides those managers who were fired, also had many supervisors poached, followed by a big portion of the service staff, I’m afraid, who will walk out."
Chang Fu sneered, as brotherly as brothers are, when interests clash, faces change faster than anyone’s.
"Can he even afford to support so many people he dug up? Besides, the salary Fei Yangyang offers is already the industry’s peak, can he afford that high employee wage?"
"Even if he wanted to offer the salary that Fei Yangyang is paying, his investors would never agree to it."
Chen Pingsheng said, "You know the investors are willing to give him money mainly because of one thing, if Fei Yangyang is willing to cut employee income by half, the stock price would not be at the level of a hundred billion at least but also would have reached forty to fifty billion. So, from the start, Gao Hu had to ensure to get the financing that employee income could only account for up to 30% of operating costs.
"It couldn’t be as high as Fei Yangyang’s ratio of over 50%."
"With such a low percentage of wages, why do so many people go there to work for him?"
Chang Fu asked, puzzled.
Chen Pingsheng smiled and said, "Guess why he’s in such a hurry to poach people?"
"Are you saying he never promised these employees a salary?"
"Yeah, how could he promise? Those people only went because they thought he would pay as high as Fei Yangyang.
"Gao Hu is still the same as before, reckless in how he handles things, he can deceive people for a while but not for long. When those people realize, guess whether the service in the restaurants he opened will remain good."
Chen Pingsheng could think of everything, but he would not offer a warning.
Just like Gao Hu used Fei Yangyang as proof of his ability, using Fei Yangyang’s experience to ask for money from the capital market.
Little did he know that once he left Tengying Group, he had no status in the eyes of the capital market like he imagined.
Starting off by deceiving a large group of employees who believed in him, what would he rely on to stabilize these people later?
Let’s see, he didn’t even consider such a basic problem, nor does he have any strategy to address it.
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Relying solely on the spontaneous idea of heading straight to the ship’s bow to start a business anew.
This business venture was almost certainly doomed.
Times have changed, and we are no longer in an era of rough entrepreneurship, but a true era of the elite.
Such aggressive poaching has already caused Fei Yangyang’s stock price to plummet beyond recovery.
Most of their stores are also experiencing operational chaos due to a lack of staff.
When Zhang Wanyi reported this situation, Chen Pingsheng’s solution was simple and brutal.
If two stores are both short-staffed, then close one of them first.
If two areas are both short-staffed, then close one area first.
Concentrate the staff in another area to prioritize customer reputation.
Rather than allow customer reputation to collapse due to massive staff turnover,
it’s better to find an excuse to suspend business and shut down one-third of the stores, concentrating staff in the remaining two-thirds.
As for the stores that are closed, it isn’t that they won’t reopen.
It’s just a matter of hiring a new batch of staff and training them before reopening.
It’s nothing more than losing some rent for the storefronts; it won’t affect the all-important customer reputation.
Tengying Group is no longer a sapling but has long become a towering tree in the traditional field.
It’s simply not possible for it to collapse just because a co-founder of a company has left.
That would demonstrate a lack of ability to withstand risks.
He has the money and can rapidly recruit a large number of people.
With the industry reputation Fei Yangyang has cultivated over the years, as soon as they announce staffing needs, chefs and managers from a whole street would sneak over to secretly sign up.
Waiters work eight hours a day with an average income of seven to ten thousand.
They also have five social insurances and one housing fund provided by the company, not counted in their salary.
Not to mention the chefs’ income, with an average of over fifteen thousand, and the higher earners reaching annual salaries of two to three hundred thousand.
They could even earn several months worth of year-end bonuses.
If they can be easily poached by Gao Hu with such incomes, one can only say that these people truly lack social experience.
They think things will remain the same as before, not realizing that it’s utterly impossible.
The difference won’t just be marginal, and returning to Fei Yangyang will become even more impossible.
Chen Pingsheng must use this experience to tell all the grassroots employees in Tengying Group.
Once they leave, it’s impossible to come back.
As per the big boss’s instructions, Fei Yangyang has already shut down more than two hundred stores.
By merging these store employees into other understaffed stores,
they have solved the chaos caused by a large loss of staff.
Of course, Fei Yangyang has an excellent reputation both online and offline.
Countless people are spontaneously questioning why such a bustling store would close so abruptly.
Fei Yangyang’s PR department only responds to the public by saying it’s a phase of corporate training, and the specific reopening date will be set in a month.
That is to say, in just one month’s time, they would be able to train a batch of high-quality and excellent store employees according to standards.
Chen Pingsheng has always firmly believed that excellent employees are forged through high incomes.
There’s a shameless practice where companies constantly brainwash their employees to maintain a thankful attitude towards their job, working 12-hour days for a mere two thousand salary.
And to be grateful to the company, to the boss for creating that job for them.
And yet, Fei Yangyang and all its affiliate companies have a clear standard that prohibits training employees to be thankful to the company.
Of course, this also leads to another extreme situation.
Some only children or those born after 2000, who go out to work, don’t care about the income.
They just like those cultures that involve brainwashing.
If you ask them what their dreams are, it’s to make big money, to get rich.
If you ask them why they don’t work hard?
They would say, if I spend all my time on such boring work, what is the meaning of life?
For employees with such a fairy-like mentality, Tengying has only one approach.
We’re not saviors; fire one after the other.
So, no matter how good the company’s treatment is, there will always be some dissatisfied employees.
This is normal.
Although with more post-2000s joining the workforce, Chen Pingsheng still prohibits any of his companies from engaging in so-called mental attitude training.
High income is the true core element that drives everything.
Without it, those who only pursue happiness and ease at work must leave.
Even Chen Pingsheng himself doesn’t quite understand these people.
He always feels a severe generation gap with the post-2000s.
Isn’t the point of going out to work to make money?
To talk about happiness without the context of earning money, unless the boss is your parent, you’d probably be packing up and leaving.
And yet the reality is that such people are becoming more numerous.
Post-80s, post-90s, and even post-2000s who are slowly entering the workplace.
It’s truly three generations.
Sometimes, when some issues are summarized and reflected by the grassroots management, even he finds them quite incomprehensible.
What do you think?
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