When Bai Yu heard Li Xue mention the approximate amount of his year-end bonus, he was completely stunned, never expecting such a figure.
It's worth noting that their company doesn't have many veteran employees. The only employees who have worked for a full year are the crew members on the fishing boats and four other company employees. That's all.
Most of the remaining employees have only been with the company for three to eight months.
Under these circumstances, the bonuses to be paid out were still over 19 million, almost reaching 20 million?
The most important thing is not the year-end bonus, but that the year-end bonus can give a rough idea of their annual turnover.
According to Bai Yu and his team's initial plan, the total year-end bonus for all company employees would be roughly between 10% and 20% of the company's profits. This percentage would be considered quite high in any company.
If we calculate based on this ratio, their company's profit this year would be between one and two hundred million, and that's pure profit with no additional expenses.
That's why he was surprised and felt a bit incredulous when he heard that the prize money was 19 million.
Bai Yu then took the company's financial statements from Li Xue and saw an even more surprising figure: their shipping company's revenue had exceeded 100 million, approaching 200 million.
The revenue of this shipping company refers to the income generated by their fishing boats, that is, the income from their fishing trips at sea, which amounts to nearly 200 million yuan a year.
Of the bonuses to be distributed this time, 16 million will go to the crew of the Yuxue, with the 40 crew members sharing the 16 million year-end bonus.
The remaining three million was given to the company employees, with the majority going to Li Shuang, Lu Sheng, Li Xue, Xia Jing, and four other employees. The remainder went to the rest of the company employees.
Unfortunately, all the people mentioned above joined the company when it was first established, making them veterans. Naturally, they receive very high bonuses.
In addition to the revenue generated by the shipping company, there was also revenue from live streaming. The live streaming sales that started in early November and lasted for two whole months until the end of December generated revenue exceeding eight figures, reaching tens of millions, specifically 15.8 million.
This is just the income from commissions, which shows that the live-streaming e-commerce industry is truly a highly profitable industry.
According to the commission agreement signed between the live streaming company and the processing plant, the commission is based on two to five percent of the sales, and the commission varies depending on the different catches of fish.
If we calculate based on a compromise of 3% to 5%, their company would receive a commission of 15.8 million yuan. This means that their live streaming account sold more than 450 million yuan worth of products in two months to earn such a commission.
Of course, the profits from the live-streaming sales go to the processing plant; their company doesn't take any cut from their profits.
As for the profits from the processing plant, that's not Li Xue's responsibility. Although the company keeps accounts for the processing plant, they only do the accounting and don't interfere with its development.
Everything at the processing plant was handled by Mr. Bai, including paying wages, bonuses, and all other related matters.
Of course, although the processing plant sold more than 400 million worth of goods, their profits were not very high.
After all, the goods sold by the processing plant are all sourced from the processing plant, then processed and subcontracted there, and then sold through live streaming. The profit that the processing plant can get is not very much.
According to the processing plant's reports, the profit margin is around 25%, which is a little over 100 million yuan.
Making a profit of 100 million in two months, while not comparable to some large companies, is still an astonishing achievement.
If the processing plant were given a whole year, it could probably create an incredibly staggering number!
Even after learning that the year-end bonus was over 19 million, Bai Yu did not change her mind about giving cash. Instead, she asked Li Xue to go to the bank to apply for the bonus after the annual meeting date was confirmed.
Then Bai Yu stopped offering his opinion and let everyone present discuss where to hold the annual meeting and how to have fun.
Their company doesn't have many employees anymore; all departments combined only have about thirty people. With so few people, the location for their annual meeting is relatively easy to find.
The only slightly troublesome thing is that you have to find two places, or use one place twice.
After all, they still have a crew member and more than forty people on the other side who are having their annual meeting. However, the fishing boat is still adrift at sea, and it is unclear when it will be able to return.
However, it seems there shouldn't be any problem for them to return before the New Year. They've already finalized the location, so once they get back to the dock, they can just hold the annual meeting.
What Bai Yu didn't expect was that after everyone discussed for half an hour, the final location they decided on was their company, or more precisely, the building where their company was located, Uncle Sun's hotel.
According to the company's employees, they had eaten at Uncle Sun's hotel, but they hadn't tried the entertainment facilities there yet, so they decided to hold their annual meeting at Uncle Sun's hotel.
You can find everything you need for food, drinks, and entertainment here, without having to travel far to experience all the services available.
Although Bai Yu felt somewhat helpless about this, he still agreed to his employees' idea and set the venue for the annual meeting at Uncle Sun's hotel on the 20th.
Bai Yu then instructed the heads of each department to get back to work. He then took out his phone and called Uncle Sun, explaining his thoughts to him.
Ask the other party to reserve a banquet hall for him on the 20th. The banquet hall doesn't need to be too big, just big enough to hold five tables. He also asked the other party to reserve fifty entertainment packages for him.
Uncle Sun's hotel has now been upgraded to a four-star hotel. It's not just a place to eat and stay; it also has several floors of entertainment facilities.
There are even bathhouses available. Just imagine, a bathhouse opened in Hainan Province. What amazing vision it takes to open a bathhouse here!
After all, according to people's impression of bathhouses, these are generally buildings that only appear in the north. Southerners take a bath at home, why would they go to a bathhouse? Is this just burning money?
However, as the bathing culture spread and bathing was no longer limited to bathing but began to transform into entertainment, bathing centers also appeared in the south.
Then Uncle Sun set up a bathhouse in his hotel, a completely green one, with only some ordinary entertainment facilities and nothing inappropriate.
The tickets Bai Yu wanted were for this bathhouse, so that his company's employees could go and have some fun, and experience the bathhouse culture of northern China.
As the days passed, it soon came to January 20th. At the same time, Bai Yu received news that his uncle was about to return home.
Upon learning this news, Bai Yu made a point of greeting the company's employees during the annual meeting, telling them that everyone should get busy after the meeting.
This should be the last busy period before the new year. After this, there won't be anything too big to do before the new year.
During the annual meeting, Bai Yu witnessed the scene he most wanted to see: the distribution of cash.
However, the amount of cash distributed this time was not much, only four million at most. Two million was distributed among the eight veteran employees, and the remaining two million was distributed among the twenty-seven employees.
The reason why veteran employees receive more money is not only because they have worked for a long time, but also because they hold higher positions.
For example, Li Xue, Li Shuang, Lu Sheng, and Xia Jing received 1.2 million yuan, 300,000 yuan each, while the remaining four only received 800,000 yuan, 200,000 yuan each.
This isn't because Bai Yu is biased towards his own people, or because he sees they have a good relationship with him and gives them a larger year-end bonus.
Bai Yu would never abuse his power for personal gain. All the bonuses he distributed were based on contributions to the company, and Li Shuang and the other three had indeed made very high contributions.
Li Xue is in charge of finance and oversees all company affairs, Xia Jing is in charge of legal affairs, Li Shuang is in charge of company operations and marketing, and Lu Sheng is in charge of live-streaming e-commerce. Each person has their own area of responsibility.
If we were to rank them by closeness or distance, Li Xue and Wang Hai would definitely have received the highest year-end bonuses. However, Li Xue is currently receiving the same amount as Li Shuang and others, while Wang Hai hasn't received a single penny.
The reason for this is that Wang Hai has never made any contribution to the company. Even though he is nominally employed by the company, all he actually does is listen to Bai Yu and act as Bai Yu's assistant.
So Wang Hai didn't get a single penny of year-end bonus. He himself was the same; he didn't get a single penny of year-end bonus either. He was just a figurehead at the company, receiving a basic salary on a regular basis, just like Wang Hai.
For the other employees, seeing Li Xue and others receive high year-end bonuses, they felt no jealousy, only simple envy.
Because they know that these bonuses are rightfully theirs, and that the year-end bonus is even a bit low, not commensurate with their contributions to the company.
That doesn't match up, because for these eight people, this bonus is only part of the total, part of the bonus belonging to the live streaming company. There's another bonus that hasn't been paid out yet, which belongs to the shipping company.
Their company has a rather complex structure. When the company was first established, there was only one shipping company under it. The company's founders were responsible for the affairs of fishing boats, procurement of materials, and sales.
So initially, their year-end bonuses were linked to the performance of the fishing boats. However, later, their company added processing plants and live-streaming studios, so these veteran employees had to take charge of multiple tasks.
The more work they do, the more money they can earn. They also get a bonus at the shipping company's annual meeting later on.
After the year-end bonuses were distributed, all the employees who received the money were extremely happy. That happiness was impossible to hide, and they didn't need to hide it, as it was the reward for their hard work.
According to the report Bai Yu obtained, the lowest year-end bonus the company distributed this time was 10,000 yuan for each employee.
The reason he received such a small bonus is because he had only been with the company for two months and was still an intern. Otherwise, the bonus would have been much higher.
After receiving the money, it's time to eat, drink, and have fun.
Since most of Bai Yu's company employees are young, they tend to be quite adventurous when it comes to entertainment. Bai Yu prepared fifty entertainment packages, but their company only had thirty-five employees.
The reason for preparing so many tickets is that the extra tickets are naturally for the employees' families. With that in mind, how could the employees not have a great time?
Anyway, Bai Yu brought his family, as well as his future father-in-law and mother-in-law, so this could be considered an early pre-New Year's gathering.
During the meal, Bai's father deliberately came over to Bai Yu's side and told him that his annual meeting was very successful. He also planned to follow Bai Yu's example next year and bring his factory employees to the hotel for their annual meeting as well.
The reason for holding the annual meeting next year is that Bai's father acted very quickly; he had already held the annual meeting at the processing plant on January 18th.
He was in the processing plant, and he personally cooked more than a dozen tables of food, having a meal together with the plant's employees and their families, and having a good get-together.
That guy was exhausted that day. He started working as soon as he woke up in the morning and continued until 2 p.m. He even had to bring along his three apprentices to get the meal done.
That's why Mr. Bai decided he would never do it himself again. If there's another annual meeting next year, he'd rather spend money to go to a hotel, a five-star hotel, than do it himself.
On the 20th, Bai Yu and the others arrived at the hotel at noon and stayed there until 8 a.m. the next morning before leaving.
After leaving the hotel, Bai Yu drove her father straight to the dock. The Yu Xue fishing boat was going to dock today, and they needed to check on the situation.
..............
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