Days before New Year in China, staff year-end bonuses are posted by both businesses and employees. China’s annual bonus was getting creative this year and attracted a lot of attention on the internet.
In China, a Year-end bonus is almost a norm, and everybody expects to receive some kind of reward besides their monthly salary. Therefore, it is usual for companies to offer at least another month of salary, called the thirteen-month.
IT companies usually offer huge bonuses and luxury gifts such as overseas travel or expensive cars.
Chinese social media exploded this year with millions of views of the “365-day paid holiday” lucky draw.
Company CEO Huang Guoxiang said the holiday was a reward for employees who worked hard during the pandemic.
Many people think this bonus is unrealistic because few dare to take a long day off and may lose their job when they return to the company.
Huang had to convince the winner that he would not be fired after the year-long holiday, or he could take the equivalent in cash. However, the salesperson who won the lucky draw took the money instead of the whole paid year off.
Companies and industries race to speed things up and cut costs, so they’ve introduced a culture of grueling working hours, six days a week, from 9 am to 9 pm. Big Tech started this “overwork” revolution. It is called 996, with the employee working from 9 am to 9 pm, six days a week.
Last week, a Tencent Holdings employee sparked a debate online for cheering a colleague’s 20-hour shift. The criticism pushed Tencent to respond that it would seek to improve work-life balance for staff.
The young Chinese generation feels depressed over a lifestyle where everyone has to study, work hard, and constantly worry about income, unemployment, the soaring costs of housing, and raising a family. As a result, the Chinese workforce focuses more on weighing money and time than achieving a work-life balance.