A recent article on a certain platform "Huawei announces it will never lower provident fund ratio"The post went viral. Is this true? Huawei did not issue this announcement. This was just irony and joking by some employees, because the provident fund ratio that Huawei pays to current employees is 5%, which is the minimum standard stipulated by the country. Any further reduction is illegal, so of course it will never lower the provident fund ratio.
In recent years, the adjustment of the provident fund system has become the focus of attention of major enterprises and employees. Against this background, in 2017, in order to reduce the burden on enterprises, the Beijing government allowed enterprises to adjust the housing provident fund contribution ratio to between 5% and 12%. The specific contribution ratio is determined by the enterprise based on its financial situation and the resolution of the employee congress.
Huawei took the lead after the implementation of this policy and lowered the provident fund payment ratio from the highest 12% to the lowest 5%.This decision caused an uproar at the time, especially for Huawei employees, and had a far-reaching impact.
Some employees posted on social media that this adjustment had a huge impact on their family lives. An employee with a monthly salary of 30,000 yuan said that seeing the news of the decrease in provident fund was like a bolt from the blue, because after deducting housing loans and other expenses, the monthly living expenses are less than 1,000 yuan.
This adjustment has also attracted the attention of the entire mobile phone industry. According to employees, in addition to Xiaomi,Mobile phone manufacturers such as vivo, OPPO, and Honor have also lowered their provident fund payment ratios to 5%.Some employees even said that within two months of joining the company, the provident fund dropped from 12% to 5%.
However, unlike Huawei, giant companies in other industries, such as Alibaba, Baidu, ByteDance, Tencent, etc., as well as second-tier manufacturers such as Inspur, UFIDA, Kingsoft, and NIO, still adhere to the provident fund payment ratio of 12%.
It is understood that the salary of Huawei employees is composed of monthly basic salary + performance + year-end bonus + stock dividends. A Huawei employee with an annual salary of tens or even millions may only have a monthly basic salary of 10,000 to 20,000 or 20,000 to 30,000. The provident fund payment base is calculated based on the monthly basic salary. , instead of calculating according to the general contractor, which results in the actual provident fund paid to employees being pitifully small. It may only be one, two, or two or three thousand in total on both sides. However, for the same general contractor, the total provident fund of a company like Tencent can be up to eight or nine thousand, so the gap is very large.
This is why the topic of Huawei's provident fund has once again aroused heated discussions this time. Huawei employees (including employees in other industries that may be affected) have long been resentful of Huawei's 5% provident fund payment ratio and the method of paying provident fund based on monthly basic salary.
See what they say?
Both Huawei and non-Huawei people are criticizing!
It can be said that Huawei's "cost reduction" has earned the grievances of many professionals. I don't know if Huawei thinks it is worth it.