introduction
The Lubao Energy Group in Shaanxi Province, China, is making headlines by awarding Audi Q7s and villas to its top employees. This article provides insight into how a high-quality reward system can boost employee morale.
Size of bonus
According to an October 24 report by the Global Times , the company paid out a total of $4.2 million in bonuses to 17 high-performing employees. Each employee received an Audi Q7 car and a vacation home.
Employee Reactions
The news started when an employee posted a photo of himself receiving an Audi car on Weibo. The Audi Q7 caught everyone’s attention with its red ribbon decorated with 500,000 yuan (about $67,000) and a license plate that read “Labor is the most glorious.” Chinese netizens expressed their envy, saying, “I want to know when the company will hire employees.”
About Lubao Group
Lubao Group was founded in 1994 and operates in various fields such as energy, power, and transportation with over 10,000 employees. Chairman Han Chang-an (54) is a self-made entrepreneur who founded the company at the age of 27, and his personal wealth is estimated at $465 million.
Social contribution
Since 2002, Chairman Han has continued to do good deeds, including building more than 100 elementary schools in low-income areas of Shaanxi Province and supporting college tuition for 40 rural students. These donation activities are considered good examples of corporate social responsibility.
conclusion
Lubao Energy Group's bonus payment plays a big role in boosting employee morale, and also emphasizes corporate social responsibility. This case will serve as a good example for other companies.
