Huawei offers RMB2m salaries for PhDs

Shenzhen-based Huawei Technologies has launched a worldwide campaign to lure high-caliber “talents” with an offer of a RMB2 million (US$290,000) annual salary, according to Chinese media The Paper. 

Huawei employees drew average annual pay of RMB1.1 million last year, but the average turnover rate of doctoral staff in the past five years has been more than one-fifth, public information shows.

Huawei’s chairman, Ren Zhengfei, also revealed in an internal document that 20-30 talented “youngsters” will be recruited from all over the world this year, and that number will gradually rise in future to stimulate the firm’s vitality.

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