Dreams come true: 30% of Nvidia employees become millionaires through early stock grants
As the saying goes, "When one prospers, the whole family benefits." Nvidia's founder, Jensen Huang, not only made the stock a new stock king, but his leadership skills are also recognized. This year, Huang ranked fourth in Glassdoor's Best CEO list and second in Best Work Environment. Nvidia employees rate the company at 4.6 stars out of 5. They have mostly positive reviews in areas such as company culture, friendly colleagues, work-life balance, and company benefits.
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As the saying goes, when one prospers, the whole family benefits. Nvidia's founder Jensen Huang not only made his company a stock market darling, but also received recognition for his leadership skills. This year, Huang ranked fourth in Glassdoor's Best CEOs list and second in Best Places to Work, with Nvidia employees giving the company a high rating of 4.6 out of 5 stars, praising its positive corporate culture, friendly colleagues, work-life balance, and company benefits.
In terms of salaries, Nvidia's pay for engineers is comparable to that of Microsoft and Google. Software engineers at Nvidia earn between $210,000 and $410,000 annually, while even the most basic janitorial staff earn between $37,000 and $60,000. Interns are paid hourly rates ranging from $17 to $71.
Employee benefits include a 401(k) retirement plan, health insurance, life insurance, maternity leave benefits, employee counseling and career planning, and employee stock options. Nvidia employees can purchase Nvidia stocks at a 15% discount.
How happy are Nvidia employees? According to Japanese media reports, 30% of early Nvidia employees have become millionaires, and currently 76% of employees hold stocks worth at least a million dollars. Someone on Reddit estimated that if a salesperson joined Nvidia five years ago and was rewarded with $100,000 in restricted stock units (RSUs), which would be worth $3.5 million at the current Nvidia stock price of $130 per share for the 2,700 shares before any splits. Restricted stock units are usually given as incentives to retain employees, and after a certain vesting period, employees can sell the previously restricted stocks.
As the year comes to a close, investors' emotions are running high, with many even considering switching to Nvidia due to the impressive employee benefits. Even if one cannot become an engineer at Nvidia, they can apply for basic janitorial positions and still enjoy full-time benefits. Forbes reported that Nvidia has a low employee turnover rate and is considered a desirable employer. With Nvidia's stock split making headlines again, the allure of employee stock options makes it difficult to consider leaving. Japanese media reported that Nvidia favors remote work, with project managers overseeing projects, unlike several other tech companies that require employees to be in the office. According to internal staff, the company culture is like working without a supervisor, often conducting work online. Nvidia's open corporate culture has made Jensen Huang an unconventional corporate leader, and Nvidia has become one of the most desirable working environments in the United States.
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