How much does Starbucks earn at the end of the year? Starbucks China is going to adjust its salary by 14. Will the salary be good? how much is the salary in January?

Over the past two years, Starbucks has frequently adjusted its salary structure for overseas employees, and this time it is finally going to be a partner in China.

Starbucks' Chinese partners are also going to adjust their pay, according to snack Dai.

"rumors that Starbucks China is planning a new round of large-scale pay adjustments are circulating on a small scale in the coffee industry and are expected to be heard as soon as this week," snack Dai said in a report. It is rumored that Starbucks is interested in implementing a new round of adjustments to the benefits and pay of its Chinese partners.

Notably, the rumor also said that in addition to the regular annual salary increase, the planned plan also includes the payment of 14 annual salaries to store employees for the first time (14 refers to the normal payment of 12 months of salary in a year. At the end of the year, an additional 2 months' salary will be paid as the year-end bonus).

However, so far, Starbucks officials have not made a clear response to the Starbucks salary rumor in China, but Starbucks China was non-committal in response to inquiries from the "snack generation" yesterday, so the rumor seems to be worth looking forward to.

A week ago, in response to Starbucks' employee pay increase plan, Starbucks CEO Kevin Johnson said: Starbucks coffee chain plans to increase the pay of American baristas at least twice next year, he pointed out: this move will help Starbucks gain market share, and said that this is the right strategy, perhaps the Starbucks pay increase rumors in China is also to attract more talent, of course, this statement is just speculation Starbucks China has yet to respond.

According to public data, Chinese mainland entered the Chinese market in 1999 and opened its first store at ITC in Beijing, followed by Shanghai Huaihai Road the following year. At the end of the fourth quarter of 2021, Starbucks China had 5360 stores in 208cities, with a net opening of 225stores in the fourth quarter, compared with a record net increase of 654 stores in the past fiscal year.

On April 27th of this year, Starbucks also achieved its promised goal of "opening 5000 stores in China in 2021." this shows the rapid expansion of Starbucks stores in China. For the goal of fiscal year 2022, Starbucks plans to be stationed in 6000 cities by the end of fiscal year 2022, bringing the total number of stores in China to 6000. For the next longer-term development plan, Starbucks said: it is expected to start from fiscal year 2023. Same-store sales in china will grow by 2% to 4% a year, according to industry analysts: this is Starbucks' recognition of the Chinese market and a sign of continued growth.

If the salary increase and benefits are realized as mentioned at the beginning of the article, it means that the partners of the 5360 stores will soon receive Starbucks China's most aggressive adjustment in the salary structure of its store partners in recent years.

In fact, when it comes to pay adjustment, Starbucks has been raising salaries and benefits in recent years, especially in overseas markets. According to previous reports, Starbucks has announced varying degrees of pay and benefits adjustments for Starbucks employees in the United States three times in two years.

Starbucks also pointed out that it has spent more than $1 billion on wage and benefits increases in the past two years, and some netizens also asked: are Starbucks' more than $1 billion wage and benefits increases spent on the US market?

This time, the domestic Starbucks partners finally have something to look forward to!

Domestically, the last time Starbucks China adjusted its partner welfare policy was in November 1919, when Starbucks officials announced a new "exclusive version" of star benefits to partners. it includes everything from medical and health care to self-improvement and self-improvement, and family care.

According to the data, this "exclusive version" star benefit is not a standardized welfare package, but a personalized welfare experience that can be customized according to the needs of each partner at all stages of life. Its specific benefits include: "full-time partners who have served for more than 2 years can receive additional benefit points on the online platform created by the company, which can be used to choose exclusive welfare programs that better meet their own needs and personalization." Convertible employee benefits include: reimbursement for HPV vaccination for women's care program, reimbursement for fitness, English courses and other related expenses according to your interests, as well as holidays, travel cards, pet insurance, etc.

Last.

It remains to be seen whether Starbucks' Chinese partners can achieve a "pay rise" this time, so we'd better wait and see for the official news.

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