In terms of industries, energy/mining/environmental protection and government/non-profit organizations still rank the top two with 38.9% and 35.6% respectively, followed by automobile/production/processing/manufacturing (32.9%) and real estate/construction (31%).
Traditional manufacturing and basic industries, the backbone of China’s economic development, have played an irreplaceable role in stabilizing the industry chain amid the outbreak, the report said. They are also developing well in the new round of industrial structure upgrading, and related enterprises are also benefiting their employees with dividends.
Compared with 2019, white-collar workers in most industries saw their share of year-end bonuses shrink, while cultural and sports education/arts and crafts were the only sector to see positive growth.
In addition, the service sector, which is highly dependent on offline consumption, was hit hard during the epidemic prevention period. The number of white-collar workers receiving year-end bonuses shrank by nearly half to 17.7 percent from 32.2 percent in 2019.
On February 3, Tencent Wintong and the Wealth Management Research Center of the National Finance and Development Laboratory of the Chinese Academy of Social Sciences released the “2020 Annual Bonus Survey Report”, which showed that nearly 70% of corporate managers will still give year-end bonuses to their employees this year, although the operation of enterprises affected by the epidemic may fluctuate.Among the respondents, 21.1 percent said they have received a year-end bonus, 47.5 percent said they have arranged to receive a year-end bonus but have not yet received one, 13.6 percent said they have confirmed that they will not receive one and 17.8 percent are not sure.
When it comes to personal bonuses, more than half of them will receive less than in previous years.Among them, 40.4 percent are the same as last year, and 8.7 percent are up from last year.In the annual bonus survey, 72.8 percent of respondents expected their annual bonus to be less than the threshold of 10,000 yuan.
According to the report, even though they did not get their expected year-end bonus, 68.5 percent of them still chose to understand and be willing to share adversity with the company, while only 29 percent would consider seeking more suitable opportunities under the premise of doing a good job at their current job.Looking ahead to 2021, 55.1 percent of workers are confident that their incomes will increase.