The JD.com giant e-commerce has recently stated that it will increase its employees’ salaries by approximately 14 percent over a couple of years. This move proves its financial prowess when most of its competitors struggle with a financial crisis and regulatory scrutiny. On Tuesday, it posted on its WeChat social media account that it will boost its employee’s salaries to the equivalent of around 16 months. It also anticipates starting paying this salary in July 2023 from the previous 14 months, representing an approximately 14 percent average increase.
It’s based around Beijing, with around 370,000 employees serving across different sectors. Two of its employees within various departments confessed that they hadn’t received any notification regarding salary increase. According to the South China Morning Podcast report, the approach has attracted different kinds of Chinese social media and boosted morale. These social media have embraced and spread the rumors across the country because it is scarce for the competitive e-commerce sector to increase their general salary. China’s National Bureau of Statistics indicated that annual average wages would rise by approximately 4.3 percent in 2020. Still, its entire growth skyrocketed to around 12.4 percent within the first and foremost quarters of 2021.
It has positively impacted the lives of many citizens across the country despite the severe impacts of the deadliest COVID-19 pandemic. Therefore, the Chinese brands are improving their brands to rise to the pinnacle and increasing their sales rate. Additionally, the JD.com empire salary increase sharply contrasts what its primary CEO Richard Liu confessed during its base salaries summit. He also stated that they might increase their salary depending on the number of deliveries they made per year.
Research shows that it was struggling after the Minneapolis detained Richard Liu on rape filed cases by a Chinese student. Even though the police organization dropped his criminal charges, the business continues to experience the impacts of the scandal. However, the e-commerce empire has come back firmly during the ongoing pandemic by recording significant sales growth. Many people resort to online platforms to purchase luxury and groceries goods. By the end of March 31, its new income had accelerated to 3.6 billion yuan and around 1.1 billion yuan in the previous year. Now, its new revenue accelerated by 39 percent to 203.2 billion yuan.
Currently, it has successfully finished public offerings around Hong Kong and has boosted the wide range of Beijing’s technological business empires. In addition, Richard Liu has issued a public notice to the shareholders to mark the company’s 18th anniversary. Besides, it anticipates working smart and diligence in enhancing its general online operations. With this remarkable move, they plan to improve their online platform’s features to increase consumers’ attention.
That public letter addressed its achievements to its loyal employees and noted its responsibility is to offer an excellent foundation for consumers around the globe. These notable improvements have heavily depended on its specialist team and diligent employees. Besides, their website developers team has worked tirelessly to ensure the platform is much interactive and responsive. In addition, its customer care support has been around the clock to solve any issues that might arise with its brands and platform.
In most cases, it usually focuses on offering the most simple business logic globally, making many users resort to them without any doubt. However, beware that whenever a specific company treats their employees with dignity, they probably serve them sincerely. Richard Liu’s company has intensively embraced that philosophy, making it the leading giant e-commerce business in the competitive market arena. He also used his professional expertise to boost employee welfare, which makes him maintain his positive reputation in the long run. Nowadays, it collaborates with other organizations and business gurus to enhance its online activities, which has recently gone viral across social media platforms.