On the evening of December 27th, China Economic Weekly - Economic Network News, JD Group announced that starting from January 1, 2024, the annual fixed salary of frontline business personnel such as JD Procurement and Sales will increase by nearly 100%. At the beginning of 2024, JD Retail will have an average salary increase of no less than 20% for all employees.
According to media reports, JD's last official announcement of a large-scale salary increase was two years ago. On July 13, 2021, JD.com announced that from July 1, 2021 to July 1, 2023, it would gradually increase the average annual salary of employees from 14 to 16 over a period of two years, with a direct increase of two months starting from the month of the announcement.
On November 22 last year, JD founder Liu Qiangdong stated in an email to all employees that he would implement "one promotion and one reduction" measures for the treatment of employees and executives. In terms of executive compensation, in order to improve the welfare benefits of grassroots employees and minimize the pressure on the company, starting from January 1, 2023, the cash compensation of senior management personnel of JD.com Group will be reduced by 10% -20%, with more reductions occurring at higher positions. In terms of improving employee benefits, JD plans to gradually convert outsourced employees into Debang's own employees, ensuring that outsourced employees can also enjoy the five insurances and one fund benefits of their own employees.
On the evening of December 9th, Liu Qiangdong, the founder and chairman of JD.com, replied to employee comments on the company's intranet that JD.com must change, otherwise there is no way out. "I believe we will definitely come out of the trough. Every person and every company will go through several peaks and valleys to achieve greatness."
According to JD's performance report for the third quarter of 2023, JD Group's revenue reached 247.7 billion yuan, and the net profit attributable to common shareholders of listed companies under non US GAAP accounting standards was 10.6 billion yuan, exceeding market expectations; The net profit margin attributable to common shareholders of listed companies under non US GAAP is 4.3%, and the retail operating profit margin is 5.2%.
According to the latest information obtained from insiders by Interface News, as of the end of this year, the number of employees on JD.com has exceeded 590000. Apart from over 400000 logistics and delivery personnel, the number of procurement and sales personnel has reached several thousand.
Regarding this, some netizens expressed envy, "We haven't seen a salary increase in a long time." "If we don't care about the slight price difference, their family can still do it. The speed is fast, and the service attitude is also quite good." "Whenever JD Logistics' free shipping fee drops to 20 yuan, they can directly uninstall Taobao." "JD's contact with official customer service is difficult, and they can't refund the order in a second. Only these two points are advised to quit!"