With an annual salary of one million, what exactly does Huawei "buy"?

How to identify, employ and train people is a science. When faced with Huawei's recruitment of fresh PhD graduates with an annual salary of one million, individuals should be aware that what Huawei "buys" with a million-dollar annual salary is definitely not academic qualifications, and do not fall into the misunderstanding of brushing academic qualifications.

Recently, a screenshot of an email from Huawei's President's Office circulated online. The email showed that Huawei will recruit 20 to 30 talented "youngsters" from all over the world this year, and increase the number every year to adjust the team's combat capability. At the same time, an annual salary system for the top students of the 2019 class was formulated: the annual salary of the eight 2019 doctoral graduates will start at 896,000 yuan, and the maximum will be 2.01 million yuan.

Recruiting talents with an annual salary of one million? Is it high? If compared with the income level of ordinary doctoral graduates in China, it is of course high. However, according to international standards, it is not so exaggerated. For example, the 2017 US technology industry salary report released by the US job search website Glassdoor shows that the average annual salary of Google is 155,000 US dollars, the average annual salary of Microsoft is 144,000 US dollars, and the average annual salary of Facebook is 155,000 US dollars. Converted into RMB, it is almost a million yuan per year. If Huawei wants to attract the world's top talents, its salary level must naturally be aligned with the "international standard".

The most surprising part of this news is that the one million-dollar annual salary is for fresh PhD graduates. At least in China, this is rare. This may make some people sigh: high education is really valuable. However, Huawei pays high salaries to fresh PhD graduates because of their ability, not just their PhD degree.

According to the 2017 National Education Development Statistical Bulletin released by the Ministry of Education, in 2017, the country enrolled 806,100 graduate students, including 83,900 doctoral students and 362,000 doctoral students. China has become an undoubted "doctor-producing country". At the same time, more and more positions require applicants to have a doctoral degree, but how many doctors can get the "million-dollar annual salary" offer from a large company like Huawei remains a question mark.

One reality that must be faced is that with the general "prosperity" of academic qualifications brought about by the expansion of enrollment, the marginal benefits of academic qualifications in the workplace have become increasingly lower. The income gap between most undergraduates, masters and even doctoral students will be further narrowed. However, the income gap between truly capable talents and those who only have academic qualifications is becoming more and more obvious. Some of the same doctoral students can get an annual salary of one million as soon as they graduate, while others may be struggling to find a job. The decisive factor in this is not academic qualifications, but ability. It is not that academic qualifications are not important, but that ability is more important. The era when academic qualifications alone can make a name for oneself in the workplace is over.

Huawei officials have two descriptions for top talents in the email: top students and talented teenagers. In other words, only if your ability is truly "top" or "genius" can you get top salary. Although such large companies also value academic qualifications, they will never recruit someone just for academic qualifications. The assessment and screening mechanism they have established for selecting and employing people in addition to academic qualifications is truly worthy of learning for other companies. When companies no longer only look at academic qualifications in the selection of talents, they can also force the reform of the education evaluation system.

Ren Zhengfei previously revealed that Huawei has at least 700 mathematicians, 800 physicists, and 6,000 basic research experts... Such a rich talent system team is of course "smashed" with a lot of money, but it is not as simple as spending money. How to identify people, use people, and train people is a science. Faced with Huawei's annual salary of one million to recruit fresh doctoral graduates, individuals should be clearly aware that Huawei's annual salary of one million is definitely not "buying" academic qualifications, and do not fall into the misunderstanding of brushing academic qualifications.