Recently, a unique "family letter" went viral on the Internet, not an ordinary employee telling relatives and friends about his family, but allegedly from the senior management of Shanghai Pudong Development Bank, which is really hilarious. This "letter to the family" has become a joke among netizens, and people can't help but laugh, what Shanghai Pudong Development Bank did is really laughable.
In the traditional gentleman's image of the bank, the recent series of moves are really ridiculous. It is reported that in the first half of 2023, the performance of Shanghai Pudong Development Bank can be called weak, with both revenue and net profit declining, profitability falling endlessly, and the entire company seems to be frozen by a financial cold current. However, just when the year-end bonus that employees were looking forward to was about to be distributed, there was a bizarre news that "no year-end bonus will be issued, but a letter to the family".
Is this the new incentive policy for SPD executives? No wonder some people joked: "Ask the chairman if he has cut his salary?" "After all, while executives are paid handsomely, there are also violations of the law in the company's business, are these all things that executives ask employees to do? They take a lot of benefits, but once they are punished, they always have to put the responsibility on the grassroots employees, is this reasonable? It seems that when the company is in trouble, the bottom employees should carry it first.
What is even more ridiculous is that the private banking sector has been frequently investigated and punished recently, and it is not a trivial matter, and huge fines have been frequently collected, which makes people have to be disappointed by the internal control problems of Shanghai Pudong Development Bank. The number of complaints about the credit card business is also high, and business problems emerge one after another, which makes people wonder if the executives of Shanghai Pudong Development Bank are busy swiping credit cards to deal with these bad news. Not all news is bad, though. It is said that the non-performing ratio has decreased and the asset quality has improved. But can this mask the weakness of the company's overall performance? Can this mask the inaction of executives? Can this cover up the executives' violations of the law?
To sum up, the recent actions of SPD Bank are really ironic. The so-called "no year-end bonus, send a letter to the family" really subverts everyone's traditional understanding of the year-end bonus. Perhaps, executives feel that a warm "letter from home" can warm the hearts of employees more than a considerable bonus, but in the face of the company's performance fatigue, employees may be more eager for a real salary. It is hoped that SPD Bank can examine its own problems in a timely manner, rise to the occasion, and stop letting such ridiculous moves be staged frequently.
After all, if executives don't change their behavior, the next "letter to the family" may be a fatal resignation letter!