Li Shufu: Stressing the importance of human resources

• Source: globaltimes.cn
• [13:08 February 22 2011]
• Comments

Chairman of Zhejiang Geely Holding Group Li Shufu stressed the importance of cultivating talented people in a recent speech.

"People are the basics of an enterprise," Li said, "We rely on our employees in different fields such as production, marketing, sales, and service. I'd like to recommend you to treasure talented people and increase investment on cultivating our employees."

"The low salary era is set to end," Li said. "However, the surge of salary also comes from the surge of added value." He held the opinion that the competition between enterprises is actually the competition of added value. "Only by increasing added value, R&D investment, equipment investment, talent education and recruitment investment, and so on, can a company develop into a strong enterprise."

Li expressed his confidence in an upsurge of salaries after the successful transmission. Geely's products are now priced between 40,000 yuan ($6,082) to 150,000 yuan ($22,810). However, the added value of a product of Toyota is between 20,000 yuan ($3,041) and 200,000 yuan ($30,414). By finishing the strategic transmission and increasing added value, it's certain that profit and salary of employees will rise.