How Nvidia Keeps Its Millionaire Employees Motivated

Nvidia's stock value has surged from $346 billion in January 2023 to $3.338 trillion in June 2024, growing by 3,000% over the past five years. This increase in stock value has turned many employees into millionaires. For example, a mid-level product manager receiving an average of $77,700 in stock annually in 2019 would now have over $1.6 million. An entry-level software engineer's stock could be nearly half a million dollars, while a senior solution architect might see $1.3 million, and a level four data scientist's initial stock grant would be $2 million. Nvidia aims to keep employees engaged despite their newfound wealth. CEO Jensen Huang has encouraged employees to take ownership of their work. Nvidia's strong company culture, emphasizing a team-oriented environment without politics or hierarchy, is a significant factor in employee retention according to an MIT assessment.

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