Since the beginning of this year, a number of steel companies have carried out comprehensive assessment, election system adjustment and salary adjustment of middle management personnel to achieve performance optimization and cost control to meet the needs of market competition.
15 middle-level personnel of Valin Steel were adjusted due to poor performance!
Recently, Valin Steel disclosed its semi-annual report for 2023, in the first half of 2023, it achieved a total operating income of 79.556 billion yuan, and the total profit, net profit and net profit attributable to the owner of the parent company were 3.636 billion yuan, 3.210 billion yuan and 2.568 billion yuan, respectively, and the net profit attributable to the owner of the parent company in the second quarter of 2023 was 1.88 billion yuan, a year-on-year increase of 9.94%; Operating income was 39.662 billion yuan, down 8.87% year-on-year.
The report mentioned that in the continuous deepening of transformation and reform, the "annual comprehensive assessment and tail number elimination" were adhered to, and 15 middle managers in the reporting period were adjusted due to poor performance.
The basic salary of middle-level cadres of Xingang is halved!
According to the news of Xingang Group on August 17, since this month, Xingang has fully implemented the new 15-character policy of "reducing costs, controlling investment, expanding the market, doing everything possible to bid and strengthening assessment", except for ordinary employees' wages and benefits, it is necessary to reduce all possible costs. The members of the company's leadership team and all middle-level cadres took the lead in lowering travel standards, halved the basic salary of middle-level cadres, and led the call on all cadres and employees to reduce costs and increase efficiency, starting from me, living a tight life and a hard life, and striving to complete the annual performance target.
Shangang this unit has middle-level cadres to get the minimum living guarantee!
On April 29, "Houdao Shangang" WeChat public account news, in the monthly operation performance evaluation meeting of Shangang Laiwu Branch, 1 end team, 2 last personnel, 1 company middle management to implement the local minimum living guarantee, the company's middle management monthly salary gap is the largest 72%, the assessment is ruthless, real and tough!
The middle management of Shuigang and the company's leaders only paid 1890 yuan for living expenses!
According to the news released by Shougang Water Steel Windows on April 12, in order to protect the basic income of front-line employees, Shougang Water Steel Company adjusted the distribution of performance-based pay in March.
Middle-level cadres and company leaders of Shuigang only paid 1,890 yuan in living expenses this month according to the minimum wage standard of Liupanshui City, and the savings were used to pay employees. The performance of grassroots cadres and workers is calculated and paid according to 85% of the basic standard to ensure the income of grassroots cadres and workers.
All units should reduce the salaries of section-level cadres and managers and tilt them towards front-line workers, strictly control and reduce individual awards, and use limited funds to encourage grassroots workers to strive to complete various targets for operation and production.
Liugang's 156 middle-level leaders are greatly adjusted!
On March 31, Liugang Group issued the "Liugang Group Middle-level Cadre Election Announcement". A total of 156 middle-level leadership positions were included in the election, including 22 elective posts (18 main posts and 4 deputy posts) and 134 competitive posts (47 main posts and 87 deputy posts).
The characteristics of this competition plan are that all the original middle-level cadres stand up, and all qualified outstanding employees can participate in the competition, further stimulate the vitality of the middle-level management team, tap a group of responsible, responsible, understanding management, good management talents, and strive to build a "steel division" that can come when called, can fight when it comes, and can win in battle.
The middle-level cadres of Eshan Steel are under great pressure!
China Baowu released on January 12 "Loss "no cadres", income has leverage! According to the article "One Person, One Table" Strong Crossing Market Winter", in October 2022, many middle-level cadres of Eshan Steel only received living expenses.
Eshan Steel clearly stipulated that the company did not complete the profit target issued by Zhongnan Iron and Steel that month, and the benchmark score of "one person, one table" for all employees was reduced by 10%, and the middle-level cadres should be doubled to 20%. If there is a cash flow loss, the "one person, one table" benchmark score for all employees will be lowered by 20%, and the middle-level cadres will still double to 40%. In October, Esteel suffered an operating loss, and according to the regulations, the benchmark score of "one person, one table" for middle-level cadres was lowered from 100 to 60, and it became almost impossible to complete the target, and the assessment of real money followed. Can they accept such a real assessment? The words of a middle-level cadre were awe-inspiring, "I can't stand this pressure, what do we cadres do?"
By benchmarking private enterprises, Esteel has established a strict performance appraisal system, requiring each employee to have clear indicators and goals. Mid-level cadres are under tremendous pressure to complete their tasks and meet high standards, otherwise they risk rewards and penalties and layoffs. This management method has effectively promoted the development and efficiency of Eshan Iron and Steel Company.
In general, these steel companies have adjusted their middle management to promote corporate transformation and raise the wages of front-line workers. By optimizing the management team, stimulating the vitality of employees, cultivating and attracting more outstanding talents, and building a high-performance team, we can cope with the increasingly fierce market competition and achieve sustainable development and growth.