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CNBC AI News, July 25th – Yu Donglai, the founder of Chinese retail phenomenon Pang Donglai, hosted a livestream today, addressing a surge of interest in employment at the company’s upcoming new store.
Responding to numerous viewers expressing their desire to join the Pang Donglai team, Yu Donglai cautioned aspiring applicants: “The new store is slated to open before May 1st, but securing a position will be challenging.”
He elaborated, citing intense competition. “We anticipate a highly selective hiring process, with a conservative estimate of 100 applicants per available position. Recruitment will commence before the May 1st opening.”
Pang Donglai has conducted two public recruitment drives in 2024, hiring a total of 239 individuals. All positions required a minimum of a Bachelor’s degree, with some roles demanding a Master’s degree or higher, underscoring the company’s commitment to a highly skilled workforce.
Since Pang Donglai’s rise to nationwide acclaim, fueled by its exceptional customer service and innovative retail concepts, the company’s employee compensation and benefits package has become a focal point for industry observers. Within the often-cutthroat retail sector, Pang Donglai’s employee benefits are widely regarded as “best-in-class.”
Speaking in June, Yu Donglai stated that the average after-tax monthly income for Pang Donglai’s 8,000+ employees is approximately RMB 9,000 (roughly $1,250 USD). He further revealed that the management and technical staff enjoy even more lucrative compensation, averaging around RMB 700,000 (approximately $97,000 USD) per person.
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