JD has received another salary increase!
On September 13th, JD officially announced that JD Group has launched another salary increase:
Starting from October 1, 2024, JD Retail Group and its functional system will achieve a salary increase of 20 yuan within two years, and other departments will subsequently launch salary increase plans.
Today, the stock price of JD Hong Kong opened high, with a surge of nearly 1% during trading. As of press time, it rose 0.67% to HKD 105.10 per share.
Over the past three years, JD Group has continuously increased the salary levels of its employees
From July 1, 2021 to July 1, 2023, JD.com will gradually increase the average annual salary of its employees from 14 to 16 over a period of two years.
Starting 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, the average salary increase for all employees in JD Retail will not be less than 20%.
Starting from February 1, 2024, over 20000 frontline customer service employees on JD.com will experience an average annual salary increase of over 30%.
Starting from July 1, 2024, within one and a half years, JD's annual fixed salary for procurement and sales will be increased from 16 to 20, with no upper limit on performance incentives.
In August 2024, JD 2025 Campus Recruitment launched globally, opening 18000 positions and significantly increasing campus recruitment salaries once again.
On September 2nd, JD.com announced a comprehensive salary increase for the 2025 school enrollment 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%.
In addition to salary, JD.com continues to increase investment in the long-term development of school enrollment and living benefits. JD.com advocates the use of talents and boldly promotes young people. Starting from 2023, it has launched cross level promotion for outstanding young people. Starting from 2024, the "Three Year Growth Plan" will be created for the school's enrollment to help the school complete the transformation of its career identity, achieve professional improvement, and become an independent business backbone. In April 2024, JD.com officially launched a global training base covering an area of 110000 square meters and accommodating over 2000 people, providing a first-class learning and growth platform for young people. The first phase of the "JD Youth City" project has completed its topping out, and after it is put into use in 2027, it will provide nearly 4000 comfortable apartments for school enrollment that can be moved in immediately.
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.