Working under Elon Musk must be a unique experience, whether for better or worse, it depends a lot on how you are as an employee and how far you set the limits, but it is unquestionable that the tycoon is a character that you will never forget if you you have him as a boss.
We have read and heard hundreds of testimonies from former Musk employees, Many claim that they fled as soon as they could, while for others it is the best thing that has happened to them in their lives.. What does seem to be clear is that to work in one of Musk’s companies you must work hard and well, since the tycoon is a very perfectionist and It wants to squeeze every last drop you have to get the best result.
This has led its companies to be leaders and references in the sector, highlighting Tesla that in recent weeks with the appointment of Trump as the new president of the United States and the entry of Musk into the administration as head of the Department of Government Efficiency, has exploded in the stock market.
Now, Business Insider has leaked an internal Tesla salary database, documents covering nearly 100,000 employees as of December 2021, and everyone is surprised that a leading company in its sector (so they need the best of the best when it comes to employees) Pay well below the average of your competitors.
The base salary for these positions, which include engineering directors and managers who work in Tesla service centers fixing vehicles, ranges between about 35,000 to 324,000 dollars, according to the data. And although it is not that they are “low” we can assure that Tesla’s competition pays more, which is why the question arises, why do people want to work for the company?
Why employees want to work for Tesla
And as has been discovered in these documents, Tesla has a strategy that works very well and with which they manage to attract the labor profiles necessary to lead this sector. This is because the base salary will not be the highest, but as compensation Employees receive attractive stock packages to incentivize their employees.
As they explain, Tesla offers up to three types of actions: restricted stock units (RSUs), non-qualified stock options and incentive stock options (ISOs). And although this may not be the best to have a stable personal economy, the truth is that In times like the one Tesla is experiencing, it is very profitable for the employee.
At the same time as for the company, since by giving its shares to the workers, you are encouraging them to He also wants and fights for the best for the company, since their own benefit is involved and therefore they will work harder and be more involved in ensuring that, in this case, Tesla, improves and grows more. Nvidia does something similar: due to the rise of AI and the company’s success in recent years, its most veteran workers have become millionaires thanks to the shares they owned.
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