JD.com announces the opening of 18000 positions for campus recruitment and an increase in campus recruitment salaries by 20% -75%
China Fund News Amman
On September 2nd, JD.com announced on its official WeChat account that the salaries for the 2025 school enrollment positions will be fully increased.
At the same time, JD.com also announced the launch of the industry's largest campus recruitment, which opened 18000 positions, including 12000 positions for the 2025 graduates and over 6000 internship positions.
Among them, the salary of core positions such as procurement and sales, technology, and products will be increased by no less than 20%. All "JD Procurement and Sales" recruited by the school will be able to achieve a salary structure of 20 months throughout the year, with an annual bonus of up to 8 times the monthly salary, and an "unlimited" Big Boss incentive.
In the production and research positions, the average starting salary increase for algorithm positions exceeds 75%. The starting salary for positions such as hardware and design has increased by over 50%.
JD also mentioned on its official WeChat account that the "JD Youth City" has completed the first phase of the project and will provide nearly 4000 ready to move apartments for school enrollment after it is put into use in 2027.
Since the beginning of this year, there have been two rounds of salary adjustments
On May 27th, JD Group announced that starting from July 1st, 2024, JD's annual fixed salary for procurement and sales will be increased from 16 to 20, with no upper limit on performance incentives.
It is understood that this is the second time in six months that JD.com has increased the salaries of frontline procurement and sales personnel. Previously, JD Group announced that from January 1, 2024, the annual fixed salary of frontline business personnel such as JD's procurement and sales will significantly increase by nearly 100%. At the beginning of 2024, all employees of JD Retail will receive an average salary increase of no less than 20%.
In addition, JD.com has called for the return of its former procurement and sales employees and promised to apply the new retail procurement and sales salary policy after their return. After the employees join, their welfare benefits will continue to accumulate, including age subsidies, housing security funds, continuing education, exclusive titles for old employees, and employee assistance funds.
In April of this year, Liu Qiangdong's AI digital character "Caizhengdongge" made his "live streaming debut" and appeared in the live streaming rooms of JD Home Appliances and JD Supermarket's Caizhengdongge, demonstrating JD's emphasis on the Caizhengdongge business.
Q2 performance hits historic high
On August 15th, JD Group released its Q2 2024 performance report.
JD.com stated that the quarterly active user count and user shopping frequency continue to maintain a double-digit growth trend, driving a significant increase in Q2 performance. The net profit attributable to the common shareholders of the company increased from 6.6 billion yuan in the second quarter of 2023 to 12.6 billion yuan in the second quarter of 2024. Under non GAAP accounting standards, the net profit attributable to the company's common shareholders reached 14.5 billion yuan, a year-on-year increase of 69%, and the net profit margin reached 5% for the first time, significantly exceeding market expectations.
The gross profit margin has improved year-on-year for nine consecutive quarters, reflecting JD's high-quality growth, "said Dan Su, Chief Financial Officer of JD Group, at a performance exchange meeting." During the big promotion season, we continued to enhance our price competitiveness through supply chain capabilities and disciplined investment, rather than relying on subsidies. As a result, JD's gross profit margin increased significantly by 137 basis points year-on-year to 15.8% in the second quarter, helping non GAAP operating profit and net profit reach historic highs this quarter
For the second half of the year, he stated that JD.com will dynamically balance business growth and net profit performance, with the goal of achieving a full year growth rate that exceeds the total growth rate of social enterprises.
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