Can Huawei employees really work until retirement? The answer is simple, yes. It is said that less than 1% of Huawei's employees have officially retired.
A veteran Huawei employee retired a few days ago, and as an old friend of his, I listened to him tell a lot of the inside truth about Huawei. One of the things that struck me the most was the part about the retirement system.
The vast majority of people either leave voluntarily or are "optimized" by the company. Especially for employees after the age of 35, it is basically the key node to stay.
However, a small number of employees have managed to escape this catastrophe.
Most of these people have the following things in common::
First, I joined Huawei very early, and I am basically a veteran who has grown up with the company.
Second, strong work ability, is an important backbone or manager of the company.
Third, the political stance is correct. Identify with and support the company's mainstream values.
Fourth, good physical health. Able to adapt to the company's high-intensity work requirements.
From what I've learned, there is a good chance that these employees will be able to work until they officially retire and leave the company. However, the premise is that Huawei's development momentum is strong enough to grow and its performance to rise steadily.
This will provide the company with a steady stream of cash flow to support its continued expansion, while also being able to afford pensions and other long-term benefits for this segment.
However, the development of any enterprise cannot maintain rapid growth forever, which is the inevitable law of economic development.
Huawei is no exception, facing many unfavorable factors such as slowing industry growth, deteriorating international environment, and the emergence of new competitors.
All of these will pose varying degrees of challenges and uncertainties to Huawei's ability to sustain profitability and commit to the company's welfare.
Once Huawei's development slows down or even starts to lose money, the company's welfare level will inevitably be significantly reduced. At this point, whether the pension payment can be cashed in becomes a huge question mark.
It is foreseeable that the number of employees who can actually enjoy retirement benefits will be greatly reduced. Unless you're a core executive or technical backbone at Huawei, you're at high risk of being "optimized" or your pension shrinking.
A friend also worked at Huawei for a few years. The intensity and pressure are really unbearable, and every day is busy as a dog, and there is almost no life.
It wasn't until his body had obvious malfunctions that he had to make up his mind to take the initiative to apply for resignation.
I admire the people who have been able to work in such an environment for decades, something that only a few people can do. The vast majority of ordinary employees cannot afford to work excessive overtime and stress for long periods of time.
Because in this era of rapid change and fierce competition, no one can guarantee that a company or an industry can continue to grow forever.
The glory of the past does not mean the guarantee of the future, and we ourselves are the most reliable people. Therefore, doing a good job of your financial planning in advance is a must for smart people.
Huawei does have an invisible rule of "sweeping the floor and leaving the house at the age of 35", which is also well-known in the industry.
However, we cannot simply blame Huawei's ruthlessness, because any enterprise has to optimize human resources according to its own development stage and market environment, which is a normal business practice.
The key is for individuals to raise their awareness of prevention and prepare for both career planning and financial planning.
I believe that one day in the future, even industry leaders like Huawei will encounter a bottleneck period of slowing growth or even recession.
At that point, many people will have to face the dilemma of shrinking pensions, being laid off or voluntarily leaving their jobs. At this time, only those who are prepared in advance according to their actual situation can protect their own interests to the greatest extent and reduce unnecessary losses.
No matter which company you go to, don't rely too much on the company's commitments, and do a good job of personal risk assessment and asset allocation.
Our own future is the most important, any external conditions may change, and we ourselves are the most reliable people.