Love? The Reborn Me Just Wants to Obtain Rewards
Chapter 782 - 329: Annual Meeting

Chapter 782: Chapter 329: Annual Meeting

In the remaining days of December, Su Huai plunged into the company.

Busy, extremely busy.

Those who have never started their own business can never understand how busy a start-up can be when it reaches its explosive growth phase.

As the big boss, what frustrated Su Huai the most was the perpetual shortage of staff, with various problems piling up every day until he had to deal with them himself.

"Can you actually recruit anyone?"

The HR was trembling, nearly in tears under Su Huai’s questioning.

"Mr. Su, plenty of candidates are sending in their resumes proactively, but it’s really tough to find suitable talent..."

While Su Huai was massaging his temples, Luo Qiangqiang added fuel to the fire, "Mr. Su, the data group in the operations department is full, but we’re still short on staff in the other three groups..."

That’s when Su Huai realized that Xingyu had temporarily reached its limit of expansion.

The MCN institution is a type of emerging economic model with a very low barrier to entry; just throw in some money, hire a few junior high school graduate marketers, con a couple of hosts, and you’re set.

But the bar for expansion in this industry is extremely high, endlessly demanding intellectual input.

And the critical issue is that, being in the initial phase of industry development, the return on intellectual input isn’t high enough, and top talent prefers to develop in high-ceiling industries like finance and IT.

Once the social media industry starts making big money, top talent tends to start their own businesses or become individual IPs.

In a nutshell, recruitment is tough, development is challenging.

This predicament, dictated by the characteristics of the industry, went unresolved for many years, leading no MCN to truly scale up.

Even Wuyou Media, which seemed formidable, were just a makeshift team when viewed from a higher dimension.

Relatively speaking, the most solid makeshift team.

Su Huai could resolve systems, models, and early-stage paths, but he couldn’t bridge the talent gap.

After much thought, he gritted his teeth in determination, "Next spring’s recruitment, we’re going head-to-head with top universities, big companies, Fortune 500s, and the government for talent!"

HR hesitated, "Costs..."

"We can’t worry about costs now."

Su Huai was very adamant, "We must build our moat before 2019, we only have two more years!"

All executives — and I mean all — couldn’t understand.

Chen Ru held her forehead, "A top graduate from a prestigious university would need a starting salary of at least 20K plus full benefits and commissions, and the salary increases significantly while an ordinary industry operator only needs a 6K starting salary..."

Yes, at least three times the cost.

But the resultant efficiency improvement was hard to triple, amounting to a loss-making approach no matter how you calculated it.

Su Huai offered a brief explanation.

"For us, what’s more important is to seize this limited window of opportunity. While the industry hasn’t yet taken off, we can still attract a sufficient number of talents with high salaries. Once the industry explodes, we will no longer be able to afford the cost of building an elite team."

In fact, if we can’t build a good team before the surge, there won’t even be a second chance.

The surge is a special period of dramatic changes in the entire industry ecosystem. After the surge, the country saw the emergence of 15 million hosts and 30,000 operational MCN institutions, creating a trillion-level mega-market together with countless related industries.

By then, any regular stream host or operator could earn a 50K monthly salary plus commissions, but their standards were just mediocre — as all the higher-level talents had gone off to start their own businesses.

These last two years are theoretically the only window of opportunity.

Despite the potential for significant financial pressure leading to various issues, what Su Huai wanted was monopoly, to be far ahead, so the price had to be paid.

The Xingyu executives couldn’t see the future, but they felt Mr. Su’s determination.

"OK, our HR department will draft a plan immediately."

"Received, the operations department will prepare comprehensively based on the requirements."

"I’ll take another round on all platforms to see if there are any corners available to slightly ease the shortage."

"Let logistics start guiding overtime work. 996 won’t be enough. Luckily, most staff live upstairs. Go all out!"

Su Huai promptly reminded, "Make sure to offer sufficient compensation. We’re not short on that."

"Understood."

It seemed like the issues were resolved, but they actually weren’t.

Out there on all platforms and in all MCN institutions, almost no high-educated personnel existed. Most had started mingling in society right after junior high, and those who could manage a college degree and then spent years online were considered premium.

Of course, here I only mean the hosts’ operations. Positions like corporate market operations are pretty OK, but they didn’t match Su Huai’s needs.

"So, before the spring recruitment, we’ll have to walk on two legs—"

Su Huai summarized.

"On one hand, tap into the existing manpower resources’ potential, cultivate inner strength; on the other hand, keep scouting external talents, anyone worth training, let’s try and get them over here, meeting adjourned!"

The meeting dispersed, but the pressure remained.

Su Huai thought to himself, If anyone else says starting a business isn’t hard, that success comes easily, I’d have to slap them.

Huh? Was it Wang who said that?

Never mind then.

His start-up process was indeed not very hard, not missing a beat in spending every day with his girlfriend, jaunting around enviably.

And now, as the New Year approached, he showed up again with a new girlfriend.

After a 3-minute serious conversation, confirming Su Huai’s interest in investing and Yuji waiting for the contract, the young master started inviting Su Huai out.

"Fancy a trip out to sea for New Year’s? There’s a party, guaranteed to be lively, come on!"

"I’m afraid I won’t have time."

"Accompanying Gu? Can you even get into her house?"

"Work, big bro!"

"Damn, what are you hiring all those executives for?"

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