JD.com announces salary increase! JD Retail Group and functional system will achieve 20% salary in two years
Reporter Jiang You from China Fund News
Immediately on Mid-Autumn Festival, Dongge will distribute big benefits and raise salaries for employees!
Six times in three years, Liu Qiangdong wants to give his brothers a raise again
On September 13th, JD Group announced another salary increase. Starting from October 1st, 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. After three consecutive salary increases at the beginning and middle of 2024, Liu Qiangdong, the head of JD.com Group, has given employees another salary increase.
According to the JD Blackboard, 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.
Performance exceeded expectations, Non GAAP net profit increased by 69% year-on-year in the second quarter of this year
Liu Qiangdong is confident in giving his employees a raise. In August of this year, JD Group released its Q2 and interim results for 2024, achieving high-quality growth in brand and merchant numbers. JD maintained steady growth in user numbers, shopping frequency, and the number of new merchants. The number of quarterly active users and user shopping frequency continued to maintain double-digit growth momentum in Q2.
In the second quarter, JD Group's net profit attributable to common shareholders of the listed company under non GAAP accounting standards reached RMB 14.5 billion (approximately USD 2 billion), a year-on-year increase of 69.0%; The net profit margin reached 5.0% for the first time, significantly exceeding market expectations.
In the second quarter, JD Group's revenue reached RMB 291.4 billion (approximately USD 40.1 billion), and its revenue in the first half of the year reached RMB 551.4 billion (approximately USD 75.9 billion), continuing to grow. In the second quarter, logistics and other service revenue reached 34.1 billion yuan, a year-on-year increase of 7.9%. As of the second quarter, JD Logistics' non GAAP operating profit has been profitable for five consecutive quarters, and the non GAAP operating profit margin in the second quarter reached a new high since JD Logistics went public.
On September 13th, when the market opened, JD Group's stock price rose by nearly 1%.
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