Knowledge | Posted by Shwe Zin Win
A lifting equipment manufacturer and supplier in China added a gamified twist to its bonus distribution method during its annual meeting on Friday (25 Jan).
According to Time News, a representative of Henan Mine Crane Co. Ltd. stated initially that more than 100 million yuan (S$18.6 million) in year-end bonuses would be distributed to employees.
Of this, nearly 40 million yuan (S$7.4 million) will be given out at the event through a massive money-counting contest.
Videos of Henan Mine's event on Douyin show long tables covered with cash, which employees are seen grabbing and counting.
Employees were told to split into teams of 30 and nominate two people to count the money on the table within a given time, reported Chinese news site Dahe Fortune Cube.
The two participants would be awarded an additional 100 yuan each for participating, but a penalty of 1,000 yuan would be imposed for every mistake made.
One employee managed to walk away with 100,000 yuan after 15 minutes of counting, reported Times Finance.
While there was initially 40 million yuan (S$7.5 million) worth of cash on the table, Henan Mine CEO Cui Peijun (transliteration) added another 20 million yuan to the pool, earning cheers from the staff present.
In his speech, Cui said that the cash counting competition was meant to "add fun and interaction" to the yearly affair, reported Times Finance.
For employees who had already returned to their hometowns for Chinese New Year and couldn’t participate in the contest, their year-end bonuses were distributed in advance to ensure everyone received their share.
During the annual meeting, company president Wei Xueming (transliterated) shared that Henan Mine achieved a profit of 260 million yuan (S$48.3 million) in 2024, which helped fund the generous bonuses.
The company primarily focuses on the research, production, and sale of cranes and other essential machinery.
Ref: Grab and go: China company rewards staff with $11m in cash
