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People's Daily Online>>China Society

Year of Dragon eats up annual bonuses (2)

By Wu Yiyao  (China Daily)

09:44, January 26, 2012

"My year-end bonus was about 30,000 yuan ($4,750) last year and it went up to 50,000 yuan this year. But considering the surging CPI and my better performance this year, the boost is not very much. Still, I can't complain. It's already a good amount compared with what most of my friends in other industries get," said Li Yang, a wealth manager at a State-owned bank in Shanghai.

Money remains a powerful incentive for employees, especially newly recruited talent, according to the survey.

"In the past, I would have said the balance between work and life counts for more than money, but this year I think cash gives me more of a sense of security," said Chen Qilong, 38, manager of a telecom service firm.

Up to 53 percent of surveyed employers said they will use cash to keep the loyalties of employees and to attract newly recruited members. About 30 percent offered a work-and-life balance and 13 percent share-holding opportunities.

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