Can you accept a 90% pay cut, working four days and taking three days off?
Nike's Greater China region has recently implemented a new hybrid work model which requires employees to work only four days a week, and enjoy three days off without any change in salary or other benefits. This new policy will come into effect from January 8th, 2024. The announcement has sparked a heated debate on Chinese social media platforms like Weibo, with users expressing mixed reactions about the same.
22 October 2023
The main context of this story revolves around Nike's decision to introduce a hybrid work model where employees get three days off in a week instead of the traditional two days. This change is seen as a significant adjustment in the traditional working pattern, which has been prevalent in many industries across China and globally.
The reactions from Weibo netizens have been varied, with some expressing skepticism about the new arrangement. One user shared that even if they get three days off, the salary is already at a 70% discount, and another day of rest would not be enough given their monthly expenses. This highlights the financial constraints many working individuals face in China, with rising costs of living and stagnant wages being recurring issues.
However, some netizens have welcomed the idea, seeing it as an opportunity to pursue part-time jobs that could help supplement their income. They believe that this would give them more time for personal interests and family life, and also boost their consumption power. On the other hand, others have expressed concern about potential overworking in place of the salary cuts, which they feel would lead to further economic collapse.
One user posted a Weibo video showing a Peach blossom moon night, suggesting that this change could lead to trouble. Another user argued that giving employees more holidays would boost consumption significantly, as opposed to cutting salaries which might harm the economy. They also pointed out that four days of work in a week would translate into 40% less working hours each month, making it economical even with a 90% pay cut.
However, not everyone seems convinced about this arrangement. One netizen joked about the monotony of daily routines and lack of entertainment projects when there is no weekend off. Another user highlighted issues like workload, vacation time, and salary, questioning what they are willing to have and what they're not.
Overall, Chinese social media users seem divided about Nike's new working model. While some appreciate the extra day off, others worry about potential overworking and inadequate compensation. The debate brings into focus broader issues such as income disparity, work-life balance, and economic pressures faced by many individuals in China today.
