Over 20 securities firms gather to revise the salary system, covering retired personnel in the pursuit and recovery mechanism.

The reform of the salary system in the brokerage industry is accelerating comprehensively. Since June, more than 20 brokerages including Western Securities, Guojin Securities, Xingye Securities, and Caitong Securities have been intensively revising and integrating their salary management systems. This round of industry salary reform is specifically targeting the short-term incentive pain points in the industry, focusing on three main dimensions: long-term assessment, deferred payment of performance-based salaries, and full-cycle salary recovery. The adjustment of the salary system in this round mainly presents three characteristics: firstly, the salary recovery and deduction mechanism covers both resigning and retiring employees. Secondly, the proportion of performance-based salaries has become a key focus of the revision. Thirdly, most brokerages have explicitly adopted deferred payment methods, setting deferred ratios, time limits, payment conditions, and rhythms based on the risk attributes of the positions.