Per capita annual salary of 810,000 yuan! On March 24, Tencent Holdings (0700.HK) released its Q4 2020 financial results and full-year performance report. Among them Employee welfare expenses of 69.638 billion yuan, with 85,858 active employees! Together, let's look at the detailed report.

Tencent 2020 full-year revenue of 482 billion

Per capita annual salary of working employees 814,000

According to the data of the financial report, Tencent achieved revenue of 133.669 billion yuan in Q4 2020, an increase of 26% year-on-year, and a net profit of (Non- IFRS) 33.207 billion yuan, an increase of 30% year-on-year; for the whole year, Tencent realized revenue of 482.064 billion yuan, an increase of 28% year-on-year, and net profit (Non-IFRS) 122.742 billion yuan, an increase of 30% year-on-year.

Tencent's revenue is comprised of three main components: value-added services, online advertising, and financial technology and enterprise services.

Tencent's revenue is composed of three main segments: value-added services (VAS), online advertising, and financial technology and enterprise services (FTES), with revenues of RMB 82.3 billion, or 17% of the total.

The financial report shows that in 2020, Tencent's employee welfare expenditure of 69.638 billion yuan, the number of employees 85,858. Media discounting, Tencent employees per capita of 811,100 yuan. And that's not even the peak of Tencent salaries. Down more than 30,000 compared to 2019.

In 2019, Tencent's employee benefit expenses were 53.123 billion yuan, with 62,885 employees. Per capita salary of $844,800 per year.

Subsequently, #Tencent employees 2020 per capita annual salary of 810,000# on the hot search, triggering netizens to discuss.

Even if it fell by more than 30,000, people still said they were too envious of Tencent, which is worthy of being an Internet powerhouse.

Some people also spit out that the average is meaningless, and calculating the median is meaningful.

There are also people who say, count what annual salary, have the ability to count 996 hourly wage ah!

Behind the high salary is 996 overtime

The 9116 of the Big 4 is even busier than the 9116 of the Big 4, which is so busy that you can't stop thinking about your life

Behind the high annual salary is the miserable overtime hours.

The Pulse Data Research Institute has done a survey of workplace topics in China, and the survey results show that as much as 90.91% of the workforce has worked overtime, and only 9.09% of the lucky ones have avoided the ravages of overtime. Among them, more than 1/4 of them work overtime every day, and more than half of them work 2-3 hours overtime every week.

Anyone else on Weibo detailed Tencent's overtime routine:

Overtime has become the norm for a lot of companies or a lot of industries. The Asia-Pacific Institute for Workforce Effectiveness released a research study on the "D Era of Neglected Human Resource C - Attendance" report, which reports that the most serious industry overtime is the financial industry , the real estate industry, followed by the logistics industry, large-scale food and beverage industry, and the manufacturing industry. Not to mention major technology companies like Tencent and Baidu.

43% of the respondents could not tolerate overtime work without overtime pay or transfer, 21% of the respondents could not tolerate temporary arrangements for overtime work, 14% of the respondents could not bear the leadership to go first, 11% of the respondents did not like to work overtime because of the meeting, and 9% of the respondents could not understand that there is no overtime meal.

For the "bottom line", 79% of respondents said that they can't stand "overtime on holidays", and that overtime on holidays "really wants to die".

For the Big Four auditors, overtime work during the busy season has become the norm, and 9-10 pm off work is an "early off work" category.

But fortunately, there is an off-season, in addition to the CPA exam, most of the time in the "brush social networking sites" and "chat" spent.

What do you get out of working overtime at the Big 4?

Although overtime is the norm in many companies nowadays, overtime work in the Big 4 is slightly different from other companies, that is, the Big 4 has the concept of overtime pay, and many internet companies don't have overtime pay.......

The Big 4's overtime work is OT (overtime time), which means that you can't work in the Big 4's office. Overtime is OT (overtime for short), usually need to fill out the overtime application form, manager review and sign, you can have charge OT.

1, in what case is overtime?

In addition to the specified working hours, all others are considered overtime.

For example, if the working hours are 8:30 - 17:30, then any time that is not within this time frame is considered overtime, including weekends and holidays. This also means: traveling on weekends can be counted as overtime.

For example, if you return by car on a Saturday, you can generally claim 2 hours of overtime.

2. How is overtime paid?

The law:

The overtime pay for the big four is also clearly defined:

Overtime on working days = 1.5 times the standard work

Overtime on weekends = 2 times the standard work

In addition to overtime pay, in the case of the "big four", the overtime pay for the "big four" can be calculated as follows

This layer of skin peeled off, pasted on all the living experience: pulling out the hair and breaking the beak for a year or two, the back of the years will be gentle and quiet.

So again, do you have overtime pay? What time do you usually work overtime?

Do you think your current work hours/intensity matches your salary level? Feel free to vote.