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Pays salaries on time
The company is very stingy with its employees. Externally, it makes itself sound very powerful because it needs to support its stock price, constantly claiming things like acquiring other companies and being the largest in the world, etc. Meanwhile, employees only receive one month of year-end bonus and one month of profit sharing—if they even receive them. It is the epitome of stinginess in the traditional manufacturing industry. Employee turnover is extremely high because parachuted-in hires keep appearing and then leaving soon afterward. To be honest, there is not much motivation to improve. The company claims externally that it is earning more, but employees’ salaries remain the same. Because the bosses do not know how to formulate strategies or detailed business models, after making one strategic error after another, they interview and hire highly paid outsiders to parachute in and revise these strategies, resulting in internal friction and unproductive management spreadsheets and other work. The company spends its costs on all of this, creating a vicious cycle. The people who are genuinely productive are all paid the lowest salaries. Pathetic.