Chapter 636: Chapter 457: The Inheritance Rights at Ho
So worries are just like that, painful yet with a tinge of pleasure.
If possible, Lin Qiunan, along with many people in the group, would like to introduce so relatives from their hotown to work at Water Cloud Space.
Unfortunately…
d lead to a drastic decline in stores’ performance data.
After all, spending at Water Cloud Space is not as simple as won gritting their teeth to spend a few months’ salary on an LV bag.
l to his wife, Song Yanxi, Chen Pingsheng roughly made so decisions.
...
Water Cloud Space clearly won’t be hiring, but Antler Coffee and Bobo Milk Tea could still recruit a lot of people.
And these positions don’t require too much training—three months is enough.
The inco, although not comparable to Water Cloud Space, is still much higher than other milk tea brands and coffee shops.
An average monthly salary of about nine thousand is definitely considered a high wage in the milk tea industry, which doesn’t involve much technical complexity.
Chen Pingsheng also called Chu Qiuyan and Yang Qian, attempting to set the recruitnt plan for rural girls for this sector.
They could also be given so additional benefits.
Rather than letting a few shareholders make money, he now preferred to spend the money on these employees.
Although this may not be entirely fair to the stock price and shareholders, it still fulfills his responsibility as an entrepreneur.
This era should have so bosses who truly care for their employees.
After all, the wealthy are already rich to the point of excess, like himself.
And like so boss who can’t afford to give employees a raise.
If judged by the reform slogans of the eighties, it was at that ti encouraged to let a portion of people get rich first.
o assist the boss with his work, and the secretaries hired are either campus beauties or academic prodigies.
Mainly because Tengying Group can provide such anities.
Take the top secretary by his side, Bai Xin, for example.
She is already akin to a number two executive in Tengying Entertainnt.
Using Tengying Group’s networking resources, Bai Xin also found herself a high manager from a delivery group study abroad.
Her prospects are limitless.
And another busty little secretary, Zhang Wanyi, is now the number one beauty CEO in the internet celebrity circle.
As for the campus beauty secretary Lin Qiunan, aside from possessing a deanor akin to Liu Shishi’s, her most outstanding feature is probably her shapely hips.
The combination of a pencil skirt and black stockings usually makes it difficult for anyone not to be captivated by her perfect pertness.
Those several floors below his are the finance departnt of the group, which in total has nearly a thousand top-tier accountants.
No help for it, as the finance departnt of any ga-corporation is the core of the core.
Once there is a problem with finance, it can be disastrous for the entire group.
So companies, after doing well in one industry, keep expanding.
Their financial status becos a ss, with increasing loans and ever-larger projects.
In the end, many companies implode, with founders ending up in jail.
Therefore, Chen Pingsheng takes this matter very seriously.
He has been calling for the entire group to reduce investnt since last year, selling off unnecessary projects as they should.
In addition to that, corporate funds, aside from internal investnt, are forbidden to invest across industries externally.
In the past decade, at least half of the businesses started diversifying into various fields after making money.
Those getting into real estate are countless, including exemplary enterprises like Lao Ganma.
Both sons, upon joining the family business, were not content with just making chili sauce; they plunged into the property market right away.
In the end, a seventy-year-old had to co back into the fray—these are all bloody lessons.
Lin Qiunan quickly called for a consolidated report from the finance departnt.
Due to its current global expansion, Antler Coffee has not retained much cash internally.
Only about six hundred million.
This ans that if the market experiences a significant shift, Antler Coffee could only hold on for a maximum of three months.
e-third, while store rental fees also take up another 15%.
Together, these two expenses account for half the costs.
For similar brands, including Starbucks, employee salaries are only between five to six thousand.
That’s the inco of long-term employees; newcors only earn between 3.5K and 4.5K.
The year-end bonus is simply an extra month’s salary.
Relatively speaking, the enterprises under Tengying Group pay their employees a significant amount more than their peers.
This is also a major reason why their stock price is not rising.
After all, the capital market is profit-driven; no matter what you do, the underlying logic that lower employee salaries lead to higher profits never changes.
Like food delivery groups, they calculate the inco of the delivery staff to a tight margin.
It’s barely enough to make ends et; to earn anything more, you’d have to risk your life hustling.
Among this series of businesses, Tenghui Departnt Store has the most evident, including the highest reserve funds.
Even if all the stores close for two years, it could fully pay everyone’s salaries.
There is no risk of cash flow interruption.
The reason is not because the current president, Shen Chengjun, is very capable, but simply because he purchased all those pri locations in Beijing-Shanghai-Guangzhou-Shenzhen and Xiangjiang himself.
The departnt store doesn’t even need to worry about high rent, so what other high costs could there be?
Based on this, Tenghui Departnt Store is as stable as can be.
It can be called the pinnacle of holding out.
It doesn’t need to compete for the top three; it’s comfortably following behind the retail giants.
Always the perennial third place.
As for his own Tengchao Comrcial Managent, not including the Forest City still under construction,
Its total assets have already reached eighty billion, earning an annual fixed rental inco of twenty-five billion.
Tengchao Comrcial Managent has always been the business he intended to leave to the spoiled brat.
Chen An’an is kind-hearted, so entrusting the most stable asset of the group to her,
Chen Pingsheng also feels at ease.
As for Er Piya, she’s still too young to make out which enterprises she is suited to take over in the future.
Chen Ping hopes he will take over Tengfei New Energy, including a series of tech companies under the group.
As for him and his wife Song Yanxi, it would be enough to leave Water Cloud Space and so group shares for retirent.
In the end, it will still be up to his three children to take over.
He’ll consider it further when they grow up, Chen Ping thought to himself.
However, sumr vacation is around the corner, and he should first arrange a rural experience for the holidays.
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