Not all corporate cultures are the same. The upper management of all companies don’t just take away hefty bonuses every year while the employees keep wishing for a whiff of a bonus. Its not like that in all companies, its certainly not like that at Chinese giant Lenovo. For the second straight year, Lenovo CEO Yang Yuanqing has decided to share at least $3 million from his bonus with workers. The amount will be divided between nearly 10,000 workers, who will receive payments of roughly $325 this month. A $325 bonus might not seem much to people in the U.S., but for Chinese workers, it is almost equal to one month’s entire pay. The move comes after Lenovo posted record earnings for the past quarter.
A memo from Lenovo’s Senior Vice President of Human Resources, Gina Qiao, says that Yuanqing believes “he has the responsibility as an owner of the company, and the opportunity as our leader, to ensure all of our employees understand the impact they have on building Lenovo.” That is why he has “personally funded” the additional payment that roughly 10,000 workers will receive. The payments will be made to Lenovo employees in 20 countries, 85 percent of the recipients are in China. The company employs some 35,000 people around the globe. Sets a good precedent, doesn’t it?
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