China restaurant shares 560,000 yuan with staff, wins online praise

A Chinese hotpot restaurant distributed 560,000 yuan in profits among its staff, following its tradition of sharing earnings. The generous move, aimed at rewarding employees for their hard work, received widespread praise online. Many applauded the owner’s commitment to employee well-being, calling it a win-win approach that sets an example for other businesses.

A hotpot restaurant in China has received widespread acclaim online after distributing more than 560,000 yuan in profits among its employees, according to the South China Morning Post. The restaurant's owner, Huang Houming, emphasized that this practice of sharing earnings with staff was a long-standing tradition rather than a marketing strategy.

Huang, who operates the Qilichuan Hotpot Restaurant chain, disclosed that during the three-day Chinese Spring Festival, the business generated over 1.05 million yuan in revenue across its eight locations. Employees received their share of profits based on their respective outlet’s earnings.

The highest-paid manager took home 19,000 yuan, while other managers were awarded sums exceeding 7,300 yuan. Staff members in lower positions received bonuses ranging between 630 yuan and 730 yuan.

"Our goal was simply to ensure our employees had a joyful and festive Lunar New Year. This bonus is also a token of appreciation for their dedication throughout the year," Huang explained.

The company employs more than 200 workers, though only about 140 qualified for the bonus, as some had taken leave during the peak holiday period.

Huang clarified that the 560,000 yuan payout was determined after covering expenses for ingredients and labor, with costs such as rent and utilities excluded.

Apart from festival bonuses, the restaurant also offers a unique "filial piety allowance," providing financial assistance to employees' parents.

The company's generous profit-sharing initiative has earned widespread praise on social media.

One user commented, "This is a responsible employer, and the employees are equally hardworking. It’s a mutually beneficial system, far better than businesses that make empty promises."

Another remarked, "The owner truly deserves success. Wishing him continued prosperity!"

The Chinese Lunar New Year, one of the country's most significant annual celebrations, commenced on January 29 this year, kicking off a 15-day festival during which millions travel home to celebrate with their families.

According to Chinese folklore, the festival’s origins stem from a mythical creature named Nian, said to emerge on New Year's Eve to attack people and livestock. To repel the beast, communities lit fireworks and bright lights - traditions that have endured for centuries and remain a central part of the Lunar New Year festivities.

For questions or comments write to writers@bostonbrandmedia.com

Source: moneycontrol‍