The Birth of Shanghai's First Conglomerate

There are only a few days left until the last month of 2017.

Chen An'an was also thinking of taking some time to ride a superyacht that came from Hong Kong for a couple of days.

Chen Pingsheng had no objection, and Erpiya had even less objection.

Only Chen Lu, who was just over three months old, clapped his little hands with wide eyes, indicating that he also wanted to go.

Erpiya covered his ears without hesitation, "Dad, we can't let Xiaosan go, can we?"

"That's true. If he has even a little memory of the superyacht, Dad, you might not be able to keep up your middle-class act."

The two sisters were unusually united in their opinions.

They certainly know that their family isn't middle class, but rather comes from a wealthy family.

The mistress is different. "When Heaven is about to place a great responsibility on a person, it will first test their will and strengthen their body."

He... has to suffer.

"Alright, let his grandma take care of him for a couple of days, and I'll take you all with me this weekend."

He definitely doesn't have classes this weekend; the group is currently busy dealing with the aftermath of the wave of executive layoffs.

We took the two kids out to sea for a short two-day holiday.

If you think about it, it's been quite a while since their family went out together.

The community group also posted a small announcement, which meant that a group for recreational activities for the elderly would be set up.

Let's get retired seniors over sixty years old involved, so we can all get together.

Traveling, playing mahjong, square dancing, etc. are all fine.

The community not only houses many young people from other places, but also a considerable number of elderly people.

Chen Pingsheng invited Peng Ying to participate as well, and she learned stock trading from Liu Fen.

The money I made based on rumors has been completely lost in the past two years due to my own incompetence.

Liu Fen herself no longer calls herself the "stock market guru of the Liu family," because the stock market has been very sluggish in the past two years, and she loses money no matter what she buys.

Her son-in-law has stopped investing in stocks, so there's no point in her continuing to do so herself.

The key issue is that we're not making money anymore.

So when this senior activity group suddenly appeared, Liu Fen was very interested and dragged Peng Ying into it together.

Another weekend arrived in the blink of an eye, and Chen Pingsheng drove to the yacht berthing center.

His family has two yachts moored here, one of which is smaller and costs 50 million.

There is also a medium-sized superyacht that is 48 meters long.

The annual parking fees alone amount to more than two million yuan, and if you add in various maintenance costs, it starts at five or six million yuan.

Many yachts are moored here and are managed by some intermediary rental companies. They are rented out whenever there are customers.

To obtain certain economic returns.

Of course, those who do this usually use small yachts.

A medium-sized superyacht like this, which is 48 meters long, can cost hundreds of thousands of dollars to rent for a week.

Very few people can afford to rent them.

Chen Pingsheng didn't just go on the trip with his family; he also invited Chang Fu, Yang Qian, and Chu Qiuyan.

A superyacht like this needs at least four or five service personnel to go out to sea.

Unlike the heat of summer, going out to sea in winter is mostly accompanied by a biting cold wind.

Fortunately, the temperature in the yacht's large lounge was just right.

Chen An'an, who hadn't been out to sea for a long time, had already taken Erpiya to the back to fish for sharks.

I didn't catch a single one last time, but I was smarter this time.

They even hired a professional chef to give them guidance. If they can eat the big sea fish they caught themselves at noon or in the evening, that would be amazing!

My appetite is great.

"Old Chen, Gao Hu probably hasn't contacted you yet. His hot pot restaurant in Shacheng is about to open."

"He poached so many people from Boiling Sheep without even saying goodbye, so why would he contact me now?"

Chen Pingsheng said indifferently, "Besides the executives who were fired, Fei Yang Yang also poached a large number of store managers. I'm afraid a large portion of the service staff will also leave with them."

Chang Fu sneered, "Brothers or not, when interests clash, they turn on each other without any regard for human feelings."

"Can he support so many people? Besides, the salary at Boiling Sheep is already the highest in the industry. Can he afford to pay such high employee salaries?"

"Even if he wanted to offer Fei Yangyang's current salary, his investors would definitely not agree to him doing so."

Chen Pingsheng said, "You know, the main reason why investors are willing to give him money is because if Fei Yangyang were willing to cut employee income in half, the stock price would be at least 40 or 50 billion, if not hundreds of billions. So from the beginning, if Gao Hu wanted to get financing, he had to ensure that employee income could only account for less than 30% of operating costs."

"It's impossible for it to account for more than 50% like in Boiling Sheep."

"With such a low wage rate, why are there still so many people willing to work for him?"

Chang Fu asked in confusion.

Chen Pingsheng smiled and said, "Guess why he's in such a hurry to poach people?"

"Are you saying he never promised these employees their salaries?"

"Yeah, how could he possibly make that promise? The reason those people went there was simply because they thought he would offer the same high salary as Boiling Sheep."

"Gao Hu is still the same as before, he does things without thinking things through. He can fool people for a while, but not for long. Once those people realize what's going on, do you think his shops will still provide good service?"

Chen Pingsheng could think of everything, but he wouldn't offer any reminders.

Just as Gao Hu himself used Boiling Sheep as proof of his abilities, he used Boiling Sheep's experience to ask the capital market for money.

Little did he know that after leaving Tencent Group, he didn't have the status he imagined in the eyes of the capital market.

He recruited a large number of employees who trusted him from the very beginning by deceiving them. How did he manage to retain these people later?

See? They didn't even think of such a basic question, let alone have a definite solution.

He tried to start a new business based solely on the idea that things would naturally straighten out once he reached the bow. His business was doomed to fail.

Times have changed. This is no longer an era of grassroots entrepreneurship, but a true era of elites.

With such aggressive poaching, the stock price of Boiling Sheep has already plummeted to its lowest point.

Most stores also experienced operational disruptions and chaos.

When Zhang Wanyi reported this situation, Chen Pingsheng's solution was simple and brutal.

If neither store is staffed enough, then we'll close one first.

If neither area has enough manpower, then shut down one area first.

Concentrate people in another area to ensure customer reputation first.

Rather than letting a large number of staff leave, which could lead to a collapse in customer reputation.

It would be better to find an excuse to suspend operations for rectification and close one-third of the business, and concentrate the staff on the other two-thirds.

As for those stores that have closed down, it's not like they've stopped operating altogether.

We'll just recruit a new batch of people, train them, and then reopen the business.

It's just a matter of losing some store rent, but it won't affect the most important thing: customer reputation.

Tengying Group is no longer a sapling, but has long since become a towering giant in the traditional industry.

It is simply impossible for a company to go bankrupt because a co-founder leaves.

That would mean being too incapable of resisting risks.

He has money and can quickly recruit a large number of people.

Based on the reputation that Fei Yangyang has built up over the years, as long as he says he is short of staff, chefs and shop managers all over the street will secretly come to him to sign up.

Waiters work eight hours a day and earn an average of seven to ten thousand yuan.

They also have five social insurances and one housing fund, which the company provides for them and are not included in their salary.

Not to mention chefs' income, the average is over 15,000 yuan, and the high-paid ones can earn 200,000 to 300,000 yuan a year.

There are still a few months of year-end bonuses left.

The fact that Gao Hu could easily poach people with such low incomes only shows that those people truly lack social experience.

They thought things could stay the same as before, but little did they know it was simply impossible.

The difference wouldn't be minor, and returning to the state of Boiling Sheep would be even more impossible.

Chen Pingsheng must use this experience to tell all the grassroots employees of Tengying Group.

Once you leave, there's no way you can get back in.

Following the boss's instructions, Boiling Sheep has already closed more than 200 stores.

These store employees will be merged into stores that are also short-staffed.

This resolved the chaos in the stores caused by the large number of employees leaving.

Of course, Boiling Sheep has an excellent reputation both online and offline.

Countless people are still asking why such a successful business would close down so suddenly.

The public relations department of Boiling Sheep only responded that the company is in the training phase and the specific opening date will be set one month later.

In other words, they can train a group of high-quality and excellent store employees according to standards in just one month.

Chen Pingsheng has always firmly believed that outstanding employees are produced by high salaries.

They abandon high-income jobs to constantly brainwash employees' mindsets, making them work 12 hours a day for a salary of 2,000.

They should also be grateful to the company and the boss for creating this position for them.

This is blatant harassment.

All of Fei Yangyang's companies have a clear standard that prohibits training employees to express gratitude to the company.

Of course, another extreme phenomenon can also occur here.

That is, some only children or those born in the 2000s do not value income when they go out to work.

I just love those brainwashing cultures.

If you ask them what their dream is, it's to make a fortune.

You should talk to her about why she doesn't work properly.

They would say, "If I spend all my time on this kind of boring work, what's the point of my life?"
For employees with this fairy-tale mentality, Tengying only has one method.

We're not saviors, so we'll fire them one by one.

Therefore, no matter how good the company's benefits are, there will always be some dissatisfied employees.

This is normal.

Although this situation is becoming more prevalent as more and more people born in the 2000s enter the workforce, Chen Pingsheng still prohibits any of his companies from conducting so-called mindset training.

High income is the real driving force behind everything.

If you're looking for a happy and carefree work life, even without considering income, then leaving is the only option.

Chen Pingsheng himself didn't quite understand this kind of person.

I always feel there's a serious generation gap between me and today's Gen Z.

Isn't the point of going out to work to make money?

If you talk about having fun at work instead of making money, your boss would probably be out of a job if he weren't your parents.

But the reality is that there are more and more people like this.

Those born in the 1980s, 1990s, and even those born in the 2000s who are now gradually entering the workforce.

It really is three generations.

Sometimes, even the lower-level managers themselves find it difficult to understand the problems they summarize and report. (End of Chapter)