Recently Yahoo News on-line reported the following:
Bank of China starts nationwide move to reduce salary gap
among employees, manager levels -sources
Mon, August 14, 2023 at 3:40 a.m. PDT
BEIJING (Reuters) - Bank of China Ltd, China's
fourth-largest lender by assets, has launched a countrywide exercise to reduce
the salary gaps among its employees and mid- and high-level managers in
response to Beijing's "common prosperity" drive, three sources with
knowledge of the matter said.
President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule.
Bank of China didn't immediately reply to a Reuters' request for comment.
The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).
Commercial banks have suffered record low profit margins due to disruptions from the embattled property sector and local government debt risks in a faltering economy.
The sources said Bank of China has launched an internal "salary management system reform plan", after an inspection team under the Central Commission for Discipline Inspection found the bank's pay system has issues of "wealth inequality" in several rounds of investigations since late last year.
The sources declined to be named as they were not authorized to speak with media.
Two of the sources said the bank had finished implementing the plan at its headquarters in the first half of the year.
It is now rolling out the plan to its branches across the country and plans to complete that process within the next two years, according to an internal notice seen by one of the sources.
Under the plan, the salary package for employees below mid-level managers was raised by about 10% to 15%, and salaries for higher-level managers were reduced by a similar range, a second source said.
A third source said the bank's Shanghai branch staff last week received notice that the bank would be reducing pay gaps there.
The move also comes as a surprise to state bankers, who generally earn less than peers at investment banks and other local financial institutions and who were spared from pay cuts last year after Beijing called for the promotion of common prosperity.
(Reporting by Ziyi Tang, Rong Ma and Ryan Woo; Additional reporting by Shanghai Newsroom; Editing by Hugh Lawson)
Translation
北京（路透社） - 三知情人士透露中國資產第四大銀行中國銀行已在全國范圍內發起一項縮小員工和中高層管理人員薪資差距的行動，以響應北京 “共同富裕” 的倡議，。
習近平主席在 2021 年啟動了共同繁榮計劃，以減少收入不平等，因這可能威脅長期經濟增長，甚至威脅共產黨統治的合法性。
中國銀行沒有立即回覆路透社的置評請求。
此舉是在中國國際金融公司（CICC）等投資銀行進行減薪之後進行的。
由於陷入困境的房地產行業和在經濟步履蹣跚中的地方政府債務風險造成的干擾，商業銀行的利潤率創歷史新低。
消息人士稱，自去年底以來，中紀委巡視組在多輪排查發現, 中行薪酬體系存在 “貧富不均” 問題，中行已啟動內部 “薪酬管理制度改革方案”。
消息人士拒絕透露姓名，因為他們無權與媒體交談。
兩名消息人士稱，該銀行已於今年上半年在其總部完成了該計劃的實施。
據一位消息人士透露，該公司目前正在向全國各地的分支機構推廣該計劃，並計劃在未來兩年內完成該流程。
另一位消息人士稱，根據該計劃，中層管理人員以下員工的薪資將提高約 10% 至 15%，高層管理人員的薪資也將以類似幅度減少。
第三位消息人士稱，該行上海分行的工作人員上週收到通知，稱該行將縮小那裡的薪酬差距。
此舉也讓國有銀行家感到意外，他們的收入普遍低於投資銀行和其他地方金融機構的同行，而且去年在北京呼籲促進共同繁榮後，他們沒有受到減薪的影響。
So, Bank of China Ltd. has
launched a countrywide exercise to reduce the salary gaps among its employees in
response to Beijing's "common prosperity" drive. For those people who
have pay cut, I am wondering how they feel over such a decision. Probably their
financial situation will be affected.
沒有留言:
張貼留言