Why is Alibaba the largest Internet company with the lowest turnover rate?

Friends in the internet circle often tell a joke: Ali P7P8 can completely visit Xi 'erqi, and Internet companies can go wherever they want, which is absolutely popular. You know, the Internet is one of the best developing industries in China. Many newly graduated children earn a monthly salary of 10K+, which is much better than other industries and has the highest labor return rate. So talents flow to the Internet industry.

Few companies have gone to other industries, and Ali is one of the best companies in Internet companies. It is natural that the turnover rate is low. In fact, companies like Ali are also top job opportunities in the world. For them, the probability of finding a better job is very low. Most outstanding talents leave because of better opportunities, such as growing up in the Ali system, and finally becoming CEO Cheng Wei of Didi, and later becoming the chief operating officer of Meituan.

In addition, compared with other companies, Ali's growth ability is terrible, and there are even more opportunities inside than outside. Ali's business map is very healthy, and Tmall Alipay is a stable basic disk. On this basis, a series of projects, such as Dharma Academy, Pingtou Brother, Luohantang, Alibaba Cloud, Rookie and Nail, are very eye-catching. High-speed development means a lot of incremental opportunities, and newcomers have great development space and opportunities for rapid growth.

This is the fundamental guarantee for the vitality of Ali's entire talent system. Investment in R&D is also an important factor, and investment in R&D is investment in talents. 18, read a report by PricewaterhouseCoopers. In that year, Alibaba's R&D expenditure reached 24.7 billion yuan, which was 1.3 times, Baidu 1.8 times, Ctrip 2.7 times, and JD.COM. Four times that of COM. The ratio of R&D expenditure to total revenue in the last two years is 15.65%.