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GrainEater@lemmygrad.ml

Avg. company-wide compensation at Huawei was ~$122k last year. If we adjust for cost of living in Shenzhen to Palo Alto, this is equivalent to making $372k/yr. (twitter.com)

submitted 7 months ago by yogthos@lemmygrad.ml to c/china@lemmygrad.ml

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[–] acabjones@lemmygrad.ml 19 points 7 months ago (5 children)

Would be interesting to get an understanding of the income distribution at Huawei, or at least the median comp. Without it, it's hard to say whether Huawei is better than a company like Amazon with an aristocratic techbro echelon and a huge number of warehouse slaves, which still may work out to have a high average comp.

[–] yogthos@lemmygrad.ml 18 points 7 months ago* (last edited 7 months ago) (2 children)

Huawei is run using cooperative structure and it's entirely employee owned:

Huawei is 100% owned by 142,315 current employees and retired beneficiaries as of December 31 2022. Founder Ren Zhengfei’s investment accounts for nearly 0.73% of the Company’s total share capital.

https://www.huawei.com/en/media-center/company-facts

there's also an older study on how profit sharing works in the company https://hbr.org/2015/09/huawei-a-case-study-of-when-profit-sharing-works

[–] acabjones@lemmygrad.ml 6 points 7 months ago

Nice, thanks!

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