The benefits are so good

"This..."

Teacher Cao was about to explain but was suddenly interrupted.

What's there to explain?

Could he say to the principal that he had been playing Legend and bought equipment in the game?

Wouldn't that just invite ridicule?

Of course, it's normal for teachers to play games. Teachers are people too, and there's no reason they can't play games. But making it public like this was unnecessary.

"Director Li, here's the thing, our main business at 5173 includes virtual item trading, advertising cooperation, and promotion... etc."

Noticing that Teacher Cao was somewhat embarrassed, Chen Yu quickly introduced to the group.

"Virtual item trading, that's an interesting term."

"It seems like you young people have active minds, while we teachers are a bit too traditional."

Although Director Li wasn't very clear, he had some understanding of the internet. With online trading gradually rising, even though he didn't know exactly what virtual item trading meant, he had a general idea that it might be a form of online commerce.

"Boss Chen, I would like to inquire about the benefits and compensation at your company."

At this point, Zhang Xin asked Chen Yu.

"Teacher Zhang, well, because the company is a startup, the benefits and compensation at the moment aren't particularly good. Our basic salary is currently 700 yuan, excluding meals, and of course, there are no bonuses included. However, in order to provide more security for our employees, we recently purchased the five social insurances and one housing fund for our employees."

"Five social insurances and one housing fund?"

After hearing about the five social insurances and one housing fund, Zhang Xin was astonished.

Not only Zhang Xin but also the teachers who came here to visit and Director Li wore expressions of disbelief.

The five insurances in "five social insurances and housing fund" referred to old-age insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance. The other was obviously the housing fund.

The "five social insurances and housing fund" system was introduced in 1998, but its implementation started in more developed coastal areas. In small county towns like Xinfeng, it wasn't available even to teachers, and civil servants had at most three insurances and certainly no housing fund.

However, it turned out that this small company had implemented it.

"Boss Chen, you really provide employees with the five social insurances and one housing fund?"

Ordinary people might not fully understand the benefits of the five social insurances and one housing fund, but for people working in organizations, it was common knowledge.

Having these benefits meant that even if your monthly salary wasn't high, you could still lead a comfortable life.

As for the reasons, there were many, and the most significant one was that many of these benefits didn't require the employees to spend their own money.

For example, with medical insurance, the company would contribute annually, and the reimbursement rates were quite high. Similarly, with maternity insurance, basic childbirth expenses could be significantly reduced. Especially concerning the housing fund, it had very low interest rates, and the most crucial aspect was that a few hundred yuan was deposited into the fund each month. With this arrangement, when it came time to buy a house, the money from the housing fund could be used to offset most of the loan interest. This was why in later years, most people working in organizations, even if their income wasn't particularly high, could purchase one or even two or more properties.

Conversely, for those without access to a housing fund, the burden of buying a house was undoubtedly much greater.

"Of course," Chen Yu nodded. "Manager Zhang, please bring the receipts for the five social insurances and one housing fund from the office."

Quickly, Zhang Jianming handed over the materials prepared by the company for the five social insurances and one housing fund. Since they were all working professionals, anyone could tell with just one glance. The teachers all wore expressions of envy. If their institutions also offered such benefits, that would be wonderful.

"That's amazing."

"I didn't expect Boss Chen to consider employees so thoughtfully."

"Seriously, because of your five social insurances and one housing fund, I'm thinking about working here."

Teacher Cao said with a smile.

Although it was a joke, it wasn't entirely so. Teacher Cao had been thinking about getting married recently and buying a house. But apart from the hefty down payment, the interest alone was a significant sum. If they had access to the housing fund, they could save half of the interest, and buying a house wouldn't be a problem. Unfortunately, their school, Huatian Vocational School, did not have a housing fund.

"Teacher Cao, you're just joking. We don't have the technical expertise here, and you'd be overqualified. Everyone would be settling for less."

Chen Yu was, of course, also joking. He had no intention of hiring these teachers to work here, and even if he did, they might not be willing. After all, Huatian Vocational School, while being a vocational school, was almost equivalent to a state-run institution. Chen Yu's company, Universal Technology, was privately owned. While the benefits seemed good now, if the business wasn't managed well, there was no guarantee that it wouldn't go bankrupt in the future. A guaranteed government job—why would anyone choose this uncertain path?

"Boss Chen is being too modest."

The crowd all nodded in agreement.

Their visit today had indeed been fruitful. They were reassured seeing students from their school enjoying such good employment benefits here. Moreover, they had witnessed an extraordinary young talent. At such a young age, he had managed to start his own company, and his future prospects were limitless.

"Boss Chen, we've benefited a lot from our visit today, so we won't disturb your work any longer. We'll be heading back now."

After the tour, Director Li took the lead in preparing to leave.

"Thank you, Director Li, thank you, teachers, and a big thank you to your school for nurturing such excellent employees for us."

"Haha, Boss Chen, you're really too polite."

The words made everyone's mood bright, and they couldn't help but admire Chen Yu's eloquence.

"By the way, Boss Chen, if you ever need help in the future, feel free to call me."

Saying this, Director Li handed Chen Yu a business card. "Although I'm just a teacher, I know quite a few people in the county. When you run a company, you might run into some troubles, so don't hesitate to reach out."

This Director Li was quite savvy. Chen Yu took the business card but remembered the tax-related matter he had been wanting to address for a while. However, with so many people around, he didn't bring it up and planned to inquire later.

The next day, Chen Yu made a call to Director Li.

"Hello, who is this?"

"Director Li, it's Chen Yu."

"Chen Yu... Oh, Boss Chen from Universal Technology."

"Director Li, please, don't be so formal. I told you to call me Chen Yu."

"Haha, no way, Boss Chen. Our school has more than a dozen students working at your company. I must thank you. By the way, are you hiring more people?"

Chen Yu hadn't planned on hiring anyone recently, but since Director Li had brought it up, he thought it wouldn't hurt to hire a few more. Besides, as the business expanded, he would need more employees. So, he replied, "I might need to hire five or six people soon."

"Do you think some of our school's students could qualify?"

"Certainly, that should be no problem."

"That's great. I'll have a few students come to your place for interviews sometime. Don't worry, if they don't meet your expectations, feel free to let me know."

"Director Li, you're too kind. The talents you recommend will surely be excellent."

Chen Yu exchanged polite words.

For the positions he currently needed, a high educational background wasn't essential. With a high school diploma and some training, they would do just fine.

"By the way, Director Li, I have a small favor to ask you. You know, as business owners, we often deal with the tax authorities. Director Li, do you happen to know anyone in the field of taxation?"

"Haha, you're asking the right person. I have a classmate who works in the tax department. I'll introduce you to him one day."

"That's great. Thank you, Director Li."

"Don't mention it; it's a small favor."

Chen Yu hung up the phone with satisfaction.