$PDD(PDD.US)Recently, I looked into Pinduoduo's internal compensation system. According to information I found online, Pinduoduo uses a 271 system: 20% of employees are rated as excellent, 70% as pass, and 10% as fail. The 70% get a monthly salary increase of 10,000 yuan. The excellent ones get more, and the failing ones get less. Fresh graduates start with an annual salary of 400,000 yuan. If they maintain a passing rating, they can reach an annual salary of one million yuan in five or six years. No wonder Pinduoduo's per capita revenue and profit are the highest among global e-commerce companies. After all, "Money makes the mare go." Speaking of which, I recall that Nvidia employees are also "extreme." According to a Bloomberg interview, Nvidia employees "work seven days a week and attend nearly ten meetings a day." But Nvidia's employee turnover rate is as low as 2.7% (when Nvidia's market cap exceeded one trillion dollars), while the entire semiconductor industry's turnover rate is as high as 17.7%. 🤣 Is it because the pay is just too good to leave?