Many ready to quit if an­nual bonus too low

China Daily (Hong Kong) - - CHINA - By HOU LIQIANG

Heads of com­pa­nies and in­sti­tutes that won’t give their em­ploy­ees an­nual bonuses, or won’t give much, may have to mull over their de­ci­sion again as a re­port shows that about 40 per­cent of white-col­lar work­ers in China said they may quit if they are not sat­is­fied with their bonus.

The re­port, pub­lished on Thurs­day by the Chi­nese hu­man re­sources web­site, shows the av­er­age an­nual bonus in China was 12,821 yuan ($1,860) last year, 2,000 yuan more than in 2015 but al­most 800 yuan less than in 2014.

But Chi­nese white-col­lar work­ers are not sat­is­fied with what they are re­ceiv­ing.

The av­er­age sat­is­fac­tion score for an­nual bonuses given to white-col­lar work­ers in China was 2.18 out of 5, and half of them said they won’t get any an­nual bonus for 2016. But those in Sta­te­owned and fi­nan­cial en­ter­prises are hap­pier with their an­nual bonuses than their peers at pri­vate en­ter­prises.

Wang Yixin, a se­nior voca- per­cent tional coun­selor at Zhaopin, said white-col­lar work­ers gave scores of 3.77 out of 5 for an­nual bonuses when weigh­ing their salary and wel­fare level, slightly higher than 2015. “As part of in­come, the im­por- tance of an­nual bonuses has been on the rise for white-col­lar work­ers,” she said.

When asked whether they will quit due to dis­sat­is­fac­tion over bonuses, 39 per­cent said the bonus is a key fac­tor for them when con­sid­er­ing whether to quit, while more than 36 per­cent said they won’t quit for that rea­son. When it comes to Bei­jing, how­ever, 40.6 per­cent of the 2,042 white-col­lar work­ers sur­veyed said they would quit if they are not sat­is­fied.

The re­port, how­ever, sug­gests work­ers be cau­tious

about their de­ci­sion as China’s econ­omy may be full of chal­lenges in 2017 as the coun­try may face more pres­sure from the international trade en­vi­ron­ment while strength­en­ing its sup­ply-side struc­tural re­form.

Zhang Zhenyu, who works in a sec­ond­hand car com­pany in Bei­jing, said he won’t quit his job even though he will not get an an­nual bonus.

“I changed to my cur­rent job in late 2016 af­ter I quit an ar­ti­fi­cial in­tel­li­gence com­pany. The com­pany’s per­for­mance was re­ally bad in 2016 and many even quit with­out wait­ing to see if there would be an an­nual bonus,” he said.

As an im­por­tant in­cen­tive, an an­nual bonus in­di­cates a

com­pany’s per­for­mance and will ob­vi­ously af­fect whitecol­lar work­ers’ ex­pec­ta­tions for their em­ploy­ers in the fol­low­ing year.

“En­ter­prises should also be cau­tious when de­cid­ing the amount of an­nual bonuses, so it not only mo­ti­vates their em­ploy­ees but also avoids los­ing many em­ploy­ees,” Wang said.

The re­port found white-col­lar work­ers in China’s sec­ondtier cities are more sat­is­fied with their an­nual bonuses than their coun­ter­parts in first-tier cities in­clud­ing Bei­jing, Shang­hai and Guangzhou. Bei­jing is listed at 16th and Shang­hai at ninth among 34 cities sur­veyed.

of re­spon­dents said the an­nual bonus is a key fac­tor for them when con­sid­er­ing whether to quit.

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