As the Spring Festival approaches, Chinese businesses are also rushing to announce year-end bonuses for employees. Rice, rubber bags, old calendars.... are among the strangest year-end bonuses, according to a new survey.
According to CGTN, the survey was conducted by Zhilian Zhaopin - a Chinese social networking platform equivalent to LinkedIn. The survey shows that only 33.3% of respondents received bonuses in 2019, much lower than 55.17% in 2018 and 66.1% in 2017.
The average year-end bonus for white-tied employees reached 9,547 yuan (about 1,406 USD) in 2019, an increase of more than 2,400 yuan compared to 2018.
In the survey, 15.3% of white-lesbian employees said they were uncertain about their annual rewards and 40% were confident that they would not receive rewards this year, double last years.
Shanghai white-throated employees have the highest average year-end bonus of 13,275 yuan (about 1,935 USD), followed by 12,830 yuan in Beijing and 12,604 yuan in Qingdao.
Cash is still the most anticipated form of year-end bonuses for long-term workers, followed by valuable goods such as houses, cars and stock options.
In terms of career, white-throated employees in the financial industry have the highest average bonus of about 14,293 yuan (about 2,083 USD), followed by 11,685 yuan for those working in the real estate and construction sectors. Employees working in the service industry have the lowest average year-end bonus of 5,807 yuan.
However, the highest year-end bonus for those working in the legal field is 14,833 yuan (about $2,162).
Regarding the use of year-end bonuses, many survey participants tend to be frugal, the second option is to give to the elderly and the third option is to pay debts.
The survey also determined that bonuses are considered an important factor in job selection, as 38% of white-tailed employees said they would change jobs when the year-end bonus is low.
According to CGTN, while many people complained on social media that they were not given any year-end rewards, some technology giants in China offered significant rewards.
This year, Momo, a dating and streaming platform, gave each employee an iPhone 11 with 256GB of memory, with a market value of 6,799 yuan (about 991 USD).
