Li Auto: An Analysis of Employee Welfare and Working Environment.
Introduction. Li Auto is a Chinese new energy vehicle manufacturer founded in 2015 and focuses on the design, R&D, manufacturing and sales of luxury smart electric vehicles. The company was listed on the NASDAQ in the United States on July 30, 2020, which marks the company's entry into the capital market and injects new impetus into its future development. However, in addition to the steady growth of the company's performance, its employee benefits and working environment are in the spotlight as they are directly related to the company's sustainability and employees' job satisfaction. This article will conduct a detailed analysis from three aspects: company profile, employee benefits and working environment, to reveal the impact of Li Auto's business model on employees and the sustainability of the company's future development.
1. Company profile.
In just a few years since its establishment, Li Auto has made remarkable development achievements. With its forward-looking technology, excellent design and continuous innovation, the company has become one of the leading enterprises in China's new energy vehicle industry. By the end of 2023, Li Auto delivered 376,030 new vehicles and 467 retail centers, covering major cities and regions across the country. The company's operating income in the first three quarters of 2023 increased by 197. year-on-year14%, and the annual revenue is expected to exceed 120 billion yuan. In addition, Li Auto surpassed Great Wall Motors in June 2023 to become the second largest automotive company in China by market capitalization, which further proves the company's competitiveness and solid position in the industry.
2. Employee welfare.
The distribution and amount of the year-end bonus.
The level of year-end bonus distribution of Li Auto's employees has attracted much attention. According to the self-report of internal employees, some employees of the company pay up to 8 months' salary with year-end bonus, and this high year-end bonus amount has become the focus of attention from the outside world. It can be seen that the company's reward for employees is quite large, reflecting its recognition and attention to the contribution of employees.
Salary level and benefits.
Li Auto's salary level is higher than the industry average, which attracts a large number of excellent talents for the company. According to the statistics of a salary**, the average monthly salary of the company's employees is 32,045 yuan, which is much higher than the average level of the same industry. In addition, the company also provides employees with generous benefits, including five insurances and one housing fund, free lunch and dinner, free shuttle, ** option incentives, etc., which provide great convenience and protection for employees' lives.
3. Working environment.
Work rhythm and pressure.
Despite the generous benefits of Li Auto's employees, the company's work pace is quite fast, and the work pressure is also high. Employees of the company said that they need to work overtime frequently, and the frequency of overtime work on weekends is higher, even more tiring than some Internet companies. In addition, the company does not have overtime compensation, which makes the work intensity of employees more significant.
Performance appraisal and team atmosphere.
The company adopts the 262 performance appraisal system internally to evaluate the work performance of employees. However, the team atmosphere of the company is average, and the phenomenon of crushing and squeezing between colleagues is more serious. This competitive atmosphere can increase employee stress and reduce job satisfaction.
Conclusion. To sum up, Li Auto has made certain efforts in terms of employee welfare and working environment, but there are still some problems and challenges. The company's high year-end bonus and generous benefits have attracted a large number of outstanding talents to join, laying a solid talent foundation for the company's sustainable development. However, the company's fast-paced working environment and high work pressure also bring certain troubles to employees. In the future, the company needs to further optimize the working environment and improve employee job satisfaction to ensure the sustainable development of the company.
References. Li Auto's internal employee year-end bonus self-exposed: it has been issued for 8 months! CEO Li Xiang replied", a news**, December 2023.
Li Auto's salary and benefits survey report", a salary**, 2023.
Survey report on the work rhythm and stress of Li Auto employees", a workplace survey agency, 2023.