Businesses still give Tet bonuses despite difficulties

Giving Tet bonuses despite difficulties

Due to the impact of the world situation, in the country, most socio-economic and production sectors of businesses are facing difficulties as many supply chains being interrupted; the price of raw materials and input materials increasing; reduction of orders.

In that context, the Provincial Party Committee and People's Committee focus on directing and organizing the drastic and synchronous implementation of many socio-economic development solutions, especially supporting businesses in a year full of difficulties and challenges. Thereby, the business community is striving to find many production and business plans to maintain operations, create jobs, pay salaries and Tet bonuses to employees.

Workers work at Thu Duc - Long An Centrifugal Concrete Joint Stock Company

Thu Duc - Long An Centrifugal Concrete Joint Stock Company (An Thanh commune, Ben Luc district) specializes in producing high-tech concrete to serve domestic and foreign construction projects. Due to the difficult impact on the economy, in 2023, the company's production did not meet the set goals, the average income of employees decreased by 5-8% compared to 2022 (on average, about 9.5 million VND/person/month).

Although revenue decreased, the Company's Board of Directors still decided to maintain the same level of support for employees as before. Every day, employees are supported with 2 additional meals including a main meal worth 25,000 VND, a side meal of 15,000 VND (if working overtime or night shift), phone and gasoline costs of 300,000 VND/person/month.

Employees working at Thu Duc - Long An Centrifugal Concrete Joint Stock Company will receive Tet bonuses as their 13th month salary.

According to the Head of Administrative Department, Chairman of the Grassroots Trade Union of Thu Duc- Long An Centrifugal Concrete Joint Stock Company - Ngo Truong Huy, although production and business results did not meet the set goals, the Board of Directors still implements Tet bonus plan for employees as their 13th month salary.

In addition, the company's Trade Union will also set aside funds to give gifts of 500,000 VND/person and the company will give an additional cash gift of 1 million VND/person. This year, the company will not hold a year-end party but uses this budget to provide cash support of 300,000 VND/person; arrange plans to create conditions for remote workers to return home to celebrate Tet with their families through travel funding support.

The 2024 Tet bonus for employees reported by enterprises to the Department of Labor, War Invalids and Social Affairs is an average of 7 million VND/person.

Le Long Vietnam Co. Ltd. (Duc My Industrial Park, Duc Hoa district) currently has 3,150 employees, specializing in manufacturing batteries for motorbikes, electric vehicles, telecommunications, uninterruptible power supplies, and medical equipment.

According to the company's Deputy General Director - Liu Hsu Chieh, 2023 was a very difficult year for all manufacturing industries. Maintaining production and jobs for many workers is not easy. The company had many business plans, finding new markets, enhancing old customer care. At the end of 2023, the entire company only achieved 80% of revenue compared to the plan, due to a shortage of orders. However, taking care of employees is always a focused factor. Employees will receive an average Tet bonus of 11 million VND/person. In addition, the Company's Trade Union will also prepare gifts for employees according to regulations.

According to the Department of Labor, War Invalids and Social Affairs, by the end of December 2023, the whole province had 825 enterprises reporting on Lunar New Year bonuses for the Lunar New Year 2024, with 105,008 employees. The highest bonus is 5.6 billion VND/person (belonging to foreign-invested enterprises), the average bonus is 7 million VND/person; the lowest bonus is 500,000 VND/person for new employees working less than 12 months.

Indispensable culture

Long An Green Technology Joint Stock Company plans to give Tet bonuses to all employees

Chairman of the Board of Directors of Long An Green Technology Joint Stock Company (An Thanh commune, Ben Luc district) - Nguyen Thi Lai shared that, although facing many difficulties such as decreased orders and increased input materials prices, the company still plans to give Tet bonuses to employees.

The company plans to give Tet bonuses to all employees (over 120 people) with an average 13th month salary of 10 million VND/person. In addition, employees will also be rewarded based on their work performance and individual contributions along with many other awards such as excellent team, excellent department head and excellent employee. This is a way to recognize and motivate employees for many years of work and dedication.

In addition, the company also considers periodic salary increases for employees at the beginning of the new year to demonstrate the commitment to ensuring basic income increase for employees over time, according to the company's development.

Along with bonuses, the company as well as its trade union will also prepare Tet gifts and organize year-end parties for employees. During this party, the company will summarize the year's activities to help employees look back at the collective labor achievements and learn from experience to strive for next year's goals.

At the same time, the Company's Board of Directors will also award prizes, organize lucky draws, creating opportunities for employees to enjoy a fun and relaxing atmosphere at the year end. This event is not only an opportunity to connect and share joy but also to remember the contributions of employees.

These days, Shilla Bags International Co. Ltd. (Duc Lap Ha commune, Duc Hoa district) organizes a Tet market for workers. Chairman of the company's trade union - Le Cong Lap said that the company has 2,500 employees. To maintain jobs and retain employees, in 2023, the company accepted to produce goods at low prices.

The company also anounces about the Tet bonus, each employee will receive 4.8 million VND along with a gift from trade union worth 500,000 VND.

In particular, the company's trade union negotiated with the Board of Directors to increase the minimum wage in 2024 for all employees. The new salary calculation time will be from January 1, 2024, an increase of 4% compared to 2023.

This year, despite economic difficulties, businesses in the province still try to give Tet bonuses to their employees, making this even more meaningful. Rewards and bonuses on Tet holiday are a cultural beauty in labor relations that the vast majority of businesses do every year so that employees can shop for Tet. Thereby, employees can feel secure in sticking together with businesses to overcome difficulties for sustainable development./.

By the end of December 2023, the whole province had 1,031 enterprises reporting on the situation of salary implementation in 2023. Enterprises implemented salaries and wages higher than the minimum wage prescribed by the State; Salary payments clearly differentiate between management, executive, and highly specialized technical workers and direct production workers. The average salary of employees reaches 8.3 million VND/month, an increase of 1.22% compared to 2022.

By Mai Huong - Translated by Q. Thien

Source: https://baolongan.vn/du-kho-khan-nhung-doanh-nghiep-van-thuong-tet-cho-nguoi-lao-dong-a169548.html