At LPBank, Tet bonus payments for employees working at the headquarters are allocated according to the bonus/additional salary coefficient, based on evaluation, ranked from A1-A5 and bonus payments based on the rating. individuals in 2023.
Specifically, employees ranked A5 will be rewarded with 1 month of the average salary of each employee during the year (the average income of each LPBank employee in 2023 is 22 million VND/month). For employees ranked A4, the bonus will be 2 months of average salary, employees ranked A3 will receive up to 2.8 months of average salary, and A2 will be 3.2 months of average salary.
In particular, employees ranked A1 (the highest level) are rewarded with up to 3.5 months’ average salary.
At Eximbank, bonus payments are also based on work performance, ranked from A+ to C. Of which, A+ level is the highest, up to 3.68 months’ salary, while C-rated employees only receive 0. 35 months.
At KienLong Bank, the Lunar New Year bonus is not paid until the last working day of the old year (Tet 28). In particular, the highest bonus is up to 6 months. However, not everyone is lucky enough to receive a “huge” bonus. It is known that the average salary of KienLong Bank employees in 2023 is 18 million VND/month.
In addition, some banks such as MSB, OCB, Bac A Bank, SHB, Sacombank,… also paid bonuses from 23-27 Tet with the highest bonus up to 3 months salary. Even excellent employees at TPBank receive the highest bonus of up to 6 months salary.
However, not all banks strongly reward employees, especially when they have just gone through a difficult year due to the impact of the economic recession.
Many banks have had to “tighten their belts” in paying salaries and bonuses to employees. Even since the beginning of January 2024, a large joint stock commercial bank has announced to the entire system about “celebrating the new year Giap Thin”.
On the occasion of the new spring, the bank’s board of directors decided to celebrate the New Year for all employees throughout the system in cash at the rate of 100,000 VND/person. However, that is just lucky money. According to this bank’s tradition, the Tet bonus is usually 1 million VND/person. This is also the spending level during the recent New Year holiday.
According to the banking industry, the calculation of Tet bonuses depends on many factors, the most important of which is the KPI of the individual and the branch.
“Because the bank considers the level of work completion of each individual and branch, the Tet bonus (if any) will be “tinged” to everyone’s account in April 2024. This year, many branches did not meet KPIs, so I don’t have much hope,” Mr. Huy, an employee of a large joint stock commercial bank, shared.
On a forum gathering hundreds of thousands of members, most of whom are people working in the banking industry, some employees who have not yet received Tet bonuses sadly consoled each other: “In these difficult times, there are Having a job and receiving a monthly salary is luckier than many people.”
In general, banks’ 2024 Lunar New Year bonuses are not as exciting as every year. The reason may be because many banks did not achieve their expected profit plans, or it could also be that Tet bonuses will be paid gradually in the first quarter of the year. Therefore, many people are still hopeful because “30 is not Tet yet”.
