At the beginning of the new year, a number of companies have announced that they will reduce the contribution ratio of employees' provident fund by 7% and cancel the meal allowance, which has caused widespread controversy. The move was blamed as a disguised pay cut, making things worse for ordinary employees who were already struggling to make ends meet.
Recently, with the ringing of the New Year's bell, a number of well-known enterprises have released shocking news - the provident fund contribution ratio will be reduced by 7%, and the meal allowance will be completely cancelled! This change immediately caused strong dissatisfaction and anxiety among the majority of employees.
For many ordinary employees who are struggling on the front line, the provident fund is a lifesaver in their lives. The meagre monthly allowance is also an important source of subsistence for them. Now, however, companies are cutting back on their benefits and making them feel like they're in the middle of an abyss.
The company defended this, claiming that this move was due to the current severe economic situation, hoping to reduce the burden on the enterprise and stabilize its business development. However, this so-called "stable business development" sacrifices the interests of the lowest employees, making them bear heavier life pressures.
Is this a fair and reasonable decision, or is it an irresponsible act of the company that indulges its own interests?
As we all know, prices will skyrocket in 2023, housing prices will remain high, and the cost of living for ordinary people will become higher and higher. In such an environment, companies should be more concerned about the welfare and treatment of employees, rather than pushing them into a more embarrassing situation.
Nowadays, many employees have to re-examine their sources of income and lifestyle, and in order to make up for the shortfall in their CPF contributions and the loss of meal allowances, they may have to cut back on their daily expenses and live a more strapped lifestyle. This undoubtedly poses a serious threat to employee motivation and well-being.
And for companies, employee satisfaction and stability are also key to maintaining a healthy business. Today's decisions may be profitable in the short term, but they can come at a heavy cost in terms of employee turnover and low morale.
Therefore, I call on companies to carefully consider the rationality and fairness of this decision, and pay more attention to the well-being of their employees. Only by treating employees reasonably and fairly, can we move towards a better future together!
The practice of disguised salary reduction hurts the most grassroots employees, which not only violates the principle of fairness and justice, but also causes irreversible damage to the long-term development of the enterprise itself. As we welcome the new year, let us call on enterprises to pay attention to the interests of employees and create a more harmonious and stable working environment!
The above is the opinion of the editors of Toutiao, and readers are welcome to leave your views and feedback on this initiative! Let's pay attention to the rights and interests of employees and speak for a fairer and better society!