Further proof that jobs in state-owned enterprises are no longer the cushy deal they once were, government authorities have now advised that people who underperform should no longer expect pay raises.
The State-owned Asset Supervision and Administration Commission will set targets for SOE’s to judge their performance. Enterprises which only achieve ‘mediocre’ targets will not be allowed to increase salaries.
The idea is that state-owned enterprises will become more competitive more closely mirroring the work ethic of the private sector.
Jobs in SOE’s have been known for a long time as ‘iron rice bowl’ positions, due to their great benefits, relatively un-taxing work and the fact that it’s very difficult to get fired from them.
Source: ecns
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Keywords: State-owned Enterprises to Curb Pay Raises for Underperforming Staff
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'The idea is that state-owned enterprises will become more competitive more closely mirroring the work ethic of the private sector.' Once you know how much they get from their alternative income sources you will laugh. Another joke of the day is the work ethic of the chinese private sector bit. °lol°
Feb 10, 2015 19:38 Report Abuse
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