Bonus payout continues amid financial woes

With Christmas spending just around the corner and memories of frozen annual bonuses lingering from last year, many companies in Beijing are calming employee concerns with news they will come through with cash regardless of economic woes.

"Though some companies said they won't pay out a bonus in 2009, the majority said they would pay no matter what the impact on the business was," said Tommy Li, a senior consultant at Mercer, one of the largest international HR consulting firms operating in China.

Li, who was the product manager for the China Monitor Report, a quarterly survey containing the most updated HR trends in China, said most companies froze or postponed yearly bonuses in 2008 due to the dire global financial situation.