An­nual bonuses may be less gen­er­ous

China Daily - - CHINA - By ZHOU WENTING in Shang­hai zhouwent­[email protected]­nadaily.com.cn

Most Chi­nese em­ploy­ees are ex­pected to re­ceive a year-end bonus, but more com­pa­nies are hold­ing back on the amount, ac­cord­ing to a re­port re­leased last week by one of the coun­try’s lead­ing hu­man re­sources com­pa­nies.

The 2018 Cor­po­rate An­nual Bonus Pay­ment Plan Re­port, re­leased by CIIC HR Man­age­ment Con­sult­ing, was based on a na­tion­wide sur­vey of 674 en­ter­prises in late Novem­ber. Twothirds of them were based in big cities — Bei­jing, Shang­hai, Guangzhou and Shen­zhen.

Ninety-three per­cent of en­ter­prises re­spond­ing to the sur­vey said they would give em­ploy­ees year-end bonuses be­fore the Chi­nese New Year hol­i­day in early Fe­bru­ary. That was slightly less than the 96 per­cent who said so last year.

More­over, the amount of money given as bonuses — pre­vi­ously equiv­a­lent to one or two months’ salary in most cases — is un­likely to go up for many. This year, 46 per­cent of the en­ter­prises said they will in­crease the amount of the bonuses over last year — adding up to 10 per­cent. But last year, about 57 per­cent of the en­ter­prises sur­veyed said they would in­crease the pay­outs, the re­port said.

Roughly 40 per­cent of en­ter­prises said they would pay the same amount in year-end bonuses as they did the pre­vi­ous year. The re­main­ing 15 per­cent will cut their year-end bonus bud­get.

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