An Alibaba employee disclosed his salary income for November, which reached 489,325 yuan. At first, people couldn't help but be envious of this figure, thinking that the high salaries of Internet giants were not unusual. However, after looking closely at the screenshots, I realized that this was actually a severance payment. This salary income is indeed jaw-dropping, but in reality this figure is not simple.
In fact, this employee has been working for Alibaba for more than 10 years, so this income is not just a month's salary, but a part of the severance compensation, which is within the normal range. Alibaba, as an Internet giant, has a great reputation, and it goes without saying. Even if the stock price is ** today, the value of equity in the hands of employees has been affected, especially for the income of early employees, but Ali is still the envy of many people.
Alibaba's internal compensation package is mainly composed of an employee sequence grading system (P series and M series) and a performance system (such as year-end bonus and **). According to Hangzhou Alibaba's internal employees, it was revealed
The basic monthly salary of the P7 rank is about 30,000 to 45,000 yuan, and some people may have about 500 to 800 restricted** options, and at the same time, 13 months' salary is guaranteed at the end of the year.
The basic monthly salary of the P8 rank is between 50,000 and 65,000 yuan, and the entry options are about 1,000 to 1,500, and other year-end bonuses and equity will be similar to those of the P7.
The basic monthly salary of the P9 rank should be between $70,000 and $90,000, and the equity interest is estimated to be about 2,500 to 3,000.
For employees, the most concerned is the year-end bonus. The amount of year-end bonuses in large factories is closely related to personal performance, and many people lose their year-end bonuses or even are laid off because their performance is not up to standard.
Generally, if the performance rating is 325. There will be no year-end bonuses, salary increases, and **. You may even be given a Performance Improvement Plan (PIP) that you need to complete within a certain deadline or you have to leave your job. If the performance rating is 35. An additional month's salary will be paid at the end of the year, i.e. 14 months' salary. If the performance rating is 375, with an additional 15 to 17 months' salary paid at the end of the year, and may receive 800 to 1,200 restricted** tickets worth four years.
Many people are very curious about Ali's year-end bonus this year, but it can only be said that due to some major events this year, the amount of the year-end bonus will definitely be reduced, and the situation is not optimistic, coupled with the transcendence of Pinduoduo's market value, the overall morale of employees has also been affected.
In conclusion, although you may envy the high monthly salary of employees at the P7 level, year-end bonuses and equity incentives are closely related to individual performance, and a bad situation may lead to resignation. Under such pressure, those who can gain a foothold in Ali are excellent people, and those who cannot withstand the pressure can also get a reasonable severance compensation, whether they leave or stay, it is the result of the trade-off between the company and the individual.
What do you think about this?