These big gains don’t come without incredible perks for its global employees, either. We know for a fact by just looking at benefit-generous companies like Google Inc (NASDAQ:GOOG) that employees love unique perks, and that a happy employee is a productive employee. But, when push comes to shove, nothing tends to motivate employees more than a cash bonus. For a second straight year, Yuanqing has decided to forgo his bonus and split it with Lenovo’s 10,000-some employees.
Unlike last year where Yuanqing was due a $3 million bonus, his outperformance this year entitled him to $3.25 million. Instead of taking this bonus, Yuanqing wanted to show his appreciation for each employee and shared his bonus among his employees. Based on the math, each employee will be receiving about $325 a piece — an incredible sum for many of Lenovo’s Chinese employees who earn an average of $300-$350 per month!
If you’re curious what the difference is between a Lenovo’s outperfomance and HP and Dell’s underperformance, it’s all in the bonuses and happiness of its workforce!
Two thumbs up
I already designated Yang Yuanqing as an incredible CEO last year after sharing his bonus with his employees and climbing to the No. 2 PC market share in the world during a very tough year for PC sales, so you can imagine how I feel about him now that he’s sharing his bonus for a second straight year and has pushed Lenovo to the No. 1 market share in global PC sales. A CEO who shows gratitude to the workforce is a CEO that’s going to retain top-tier talent and push his or her business to the top. Yuanqing is doing just that, and deserves yet another round of thumbs up from me!
The article This Is One Incredible CEO originally appeared on Fool.com and is written by Sean Williams.
Fool contributor Sean Williams owns shares of Dell, but has no material interest in any other companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.The Motley Fool recommends Gartner and Google. The Motley Fool owns shares of Google.
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