CITIC Bank cut salary by more than 8%

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By the end of 2023, CITIC Bank had 66891 employees, an increase of 5788 over the previous year, with an annual growth rate of 9.47%, the highest growth rate since 2016. Among them, 66057 are contract employees and 834 are dispatch and employment agreement employees. There are 13809 management personnel, accounting for 20.64%, 48880 business personnel, accounting for 73.08%, and 4202 support personnel, accounting for 6.28%.

Divided by education level, the Bank has 18248 employees with graduate education or above, accounting for 27.28%, 43649 employees with undergraduate education, accounting for 65.25%, and 4994 employees with junior college education or below, accounting for 7.47%. By region, there are 18058 people in the Bohai Rim region, 13155 people in the Yangtze River Delta region, 13502 people in the Pearl River Delta and Haixi region, 8404 people in the central region, 8619 people in the western region, 2495 people in the northeast region, and 2658 people overseas.

China CITIC Bank.

The staff compensation of CITIC Bank consists of basic compensation and performance compensation, of which the basic compensation is determined according to the staff's job responsibilities and ability to perform their duties, and the performance compensation is linked to the Bank's overall operating efficiency, staff's personal performance and ability to perform their duties. The Bank adhered to the compensation concept with post value, performance contribution and ability display as the core, constantly optimized the compensation distribution mechanism with value creation as the core, and increased the preference of compensation resources to front-line employees and grass-roots employees.

In 2023, the staff cost of CITIC Bank will be 38.083 billion yuan, basically the same as that of the previous year. On the premise that the number of employees has increased significantly and the cost of employees remains unchanged, it means that the per capita cost of the bank has declined significantly. Based on the above data, the average staff cost of the Bank was 569300 yuan, a decrease of 53900 yuan or 8.65% over the previous year.

The above employee costs include wages, bonuses, allowances and subsidies of 28.1 billion yuan, social insurance premiums of 1.565 billion yuan, employee welfare expenses of 1.318 billion yuan, housing provident fund of 1.982 billion yuan, labor union funds and employee education funds of 786 million yuan, post employment benefits – defined contribution plans of 3.990 billion yuan, and other benefits of 342 million yuan. Based on salary, bonus, allowance and subsidy, the average annual salary of the Bank was 420100 yuan, a decrease of 39800 yuan or 8.65% compared with the previous year.

In 2023, the paid directors, supervisors and senior managers (including current and outgoing) of CITIC Bank actually received a total of 29.1 million yuan of pre tax remuneration from the bank, a decrease of 320800 yuan or 1.09% compared with the previous year.

Overall planning/New Xiangcai Writing/Xiangcai Plus