A MINOR MIRACLE FOR MIGRANT WORKERS IN CHINA – HOW THE TRI-MONY® DISRUPTIVE ECO-SOCIAL BUSINESS MODEL IS BREAKING UP THE VICIOUS SOCIAL CYCLE
June 12, 2019
The dilemma: Nearly 300 million migrant workers in China work far from their hometowns, families and children. They usually work well over 70 hours per week, most of them six days a week. Most of them are undereducated and remain so due to a lack of money and time for education, as well as chronic fatigue because of their permanent state of exhaustion. Migrant workers live in a vicious social cycle, and a systemic way to escape has not existed to date.
GSN has broken up this vicious social cycle with TRI-MONY: its radical eco-social business concept. One systemic element of this concept entails a company’s profit being divided into three equal parts. One-third is still reserved for the shareholder or company owner as a personal dividend. The other two-thirds are strictly designated to finance the company's radical commitment to corporate social responsibility (= activities inside the company) and corporate citizenship (= activities in society).
RADICAL CORPORATE SOCIAL RESPONSIBILITY
The concept of a living wage was implemented at GSN Shenzhen in late 2018. Since then, migrant workers at GSN have been earning a living wage. Based on 40 working hours per week, this living wage is high enough to let migrant workers participate in the life of society in a dignified way. This alone reduces worker fatigue and exhaustion and increases their motivation. Surprisingly, GSN even experienced an increase in work efficiency that more than offset the additional costs incurred by the living wage. This exceeded the management’s expectation and produced a status quo at which social investment creates additional efficiency for the company. In a nutshell: The company’s investment ultimately incurs no additional cost, a fantastic win-win situation.
RADICAL CORPORATE CITIZENSHIP
One activity within GSN’s CC program is The See your Child program, which is described here: https://gsn.cn.com/what-we-do-for-the-community. Its effect is a better social prognosis for the children of migrant workers as well as much higher motivation for migrant workers to work at GSN and to increase GSN’s competitiveness. As a result, GSN staff fluctuation has decreased to almost zero, keeping valuable expertise within the company.
THE IMPACT: A MINOR MIRACLE
More motivated and relaxed thanks to a new two-day weekend and work-free evenings during the week, migrant workers at GSN embarked upon different kinds of self-education, partially supported by GSN. After a few years, this voluntary investment in their self-education potentially raises their level of professional qualification and enables migrant workers to achieve better career opportunities, whether in their hometowns or at GSN. Consequently, migrant workers at GSN climb the social ladder and have the chance to live with their children and families again.
Miraculously, the TRI-MONY systemic eco-social business concept and its implementation at GSN are breaking up the vicious social cycle faced by migrant workers. We invite everyone to copy this fantastic system and willingly exchange information with other stakeholders.
TRI-MONY creates these advantages in a simple way:
• A social investment by a corporation generates monetary profits that more than offset the investment
• Employee turnover drops and the company retains valuable expertise
• The company becomes an attractive employer
• The company’s sales prices become more competitive after a short time
• Migrant workers receive a salary that respects their dignity
• The children of migrant workers have much more intensive social contact with their parents and vice versa
• Migrant workers experience social advancement
• After an estimated three years, additional education for migrant workers gives them the chance to be promoted at GSN or to find jobs close to or in their hometowns – reuniting families.
The concept of a living wage was implemented at GSN Shenzhen in late 2018. Since then, migrant workers at GSN have been earning a living wage. Based on 40 working hours per week, this living wage is high enough to let migrant workers participate in the life of society in a dignified way. This alone reduces worker fatigue and exhaustion and increases their motivation. Surprisingly, GSN even experienced an increase in work efficiency that more than offset the additional costs incurred by the living wage. This exceeded the management’s expectation and produced a status quo at which social investment creates additional efficiency for the company. In a nutshell: The company’s investment ultimately incurs no additional cost, a fantastic win-win situation.
RADICAL CORPORATE CITIZENSHIP
One activity within GSN’s CC program is The See your Child program, which is described here: https://gsn.cn.com/what-we-do-for-the-community. Its effect is a better social prognosis for the children of migrant workers as well as much higher motivation for migrant workers to work at GSN and to increase GSN’s competitiveness. As a result, GSN staff fluctuation has decreased to almost zero, keeping valuable expertise within the company.
THE IMPACT: A MINOR MIRACLE
More motivated and relaxed thanks to a new two-day weekend and work-free evenings during the week, migrant workers at GSN embarked upon different kinds of self-education, partially supported by GSN. After a few years, this voluntary investment in their self-education potentially raises their level of professional qualification and enables migrant workers to achieve better career opportunities, whether in their hometowns or at GSN. Consequently, migrant workers at GSN climb the social ladder and have the chance to live with their children and families again.
Miraculously, the TRI-MONY systemic eco-social business concept and its implementation at GSN are breaking up the vicious social cycle faced by migrant workers. We invite everyone to copy this fantastic system and willingly exchange information with other stakeholders.
TRI-MONY creates these advantages in a simple way:
• A social investment by a corporation generates monetary profits that more than offset the investment
• Employee turnover drops and the company retains valuable expertise
• The company becomes an attractive employer
• The company’s sales prices become more competitive after a short time
• Migrant workers receive a salary that respects their dignity
• The children of migrant workers have much more intensive social contact with their parents and vice versa
• Migrant workers experience social advancement
• After an estimated three years, additional education for migrant workers gives them the chance to be promoted at GSN or to find jobs close to or in their hometowns – reuniting families.
It has been two weeks since electronica Munich 2024 , and we are still inspired by the incredible energy, innovation, and connections we experienced at this leading trade fair for the electronics industry.
Highlights of our participation
Position Overview: As a Sales Manager, you will play a pivotal role in establishing and leading our sales efforts in Delhi. Your expertise will help us achieve and exceed our sales targets, build strong relationships with key clients, and drive our market presence. Key Responsibilities: - Implement effective sales strategies to achieve and exceed sales targets. Identify and cultivate relationships with key clients, partners, and industry stakeholders. - Create and maintain a sales pipeline, tracking and reporting on progress regularly. - Collaborate with cross-functional teams to ensure successful product/service launches and client satisfaction. - Provide insights and feedback to the leadership team to enhance our market presence and offerings. Qualifications: - Bachelor's degree in Business, Sales, or a related field. - Proven track record of success in sales with at least 5 years of relevant experience. - In-depth understanding of the connectivity sector and market dynamics. - Strong network of industry contacts. - Exceptional communication and negotiation skills. - Self-motivated, results-oriented, and able to work independently. Fluent in English and Hindi. Benefits: - Competitive salary and performance-based bonuses. - Opportunity for career growth within a dynamic and expanding company. - Collaborative and innovative work environment. - Travel opportunities, as required. Ready to take the next step in your sales career? Apply now at service@gsneurope.com and become a part of our exciting journey in Delhi!
I am thrilled to share some significant news with you all! As of April 1, 2024, I have been taking on my new role as Chief Development Officer of the GSN Group of Companies. I am grateful for the opportunity and look forward to contributing to the ongoing success of our organization. My field of activity will cover the responsibility for all new development projects on group level as well as the re-organisation of the groupwide sales structure, including the set-up of new sales entities in India and Shanghai. Expanding Our Reach: GSN's New Chapters With branches already flourishing in Germany, Hong Kong, and Shenzhen, the addition of India, where I will serve as one of three executive directors and Shanghai marks a strategic leap in our mission to innovate and grow globally. This move not only reinforces our commitment to global expansion but also to embedding the GSN vision across new global landscapes. The Power of Unity in Achieving Our Goals The success of these ventures heavily relies on our Global Sales Teams, who are the backbone of our strategic initiatives. We're not just broadening our geographical presence; we're investing in the future - cultivating new partnerships, opportunities, and a thriving community wherever we go. A Note of Thanks Today, as we celebrate the remarkable milestone of reaching 600 employees, I want to express my deepest appreciation to every member of our dedicated team. Your support and hard work are the driving forces behind our achievements. I look forward to this journey together, navigating through challenges and celebrating our milestones. Stay tuned for more updates as we progress in these exciting endeavors!
In his speech Frank talked about the reasoning behind this. Opening an own production facility in China was originally a dream of his father, Lutz Püschel, who did not dare to realize it back in the day. Frank explained that his dream started to build on his father's and went beyond simply setting up a production facility. In his book "Radical Change", Frank developed a solution, TRI-MONY, that offers a way to establish more harmony in the world, and is used at GSN to enable his dream. "It is my dream for GSN that all of you are happy. That all of you are satisfied with the work, the payment, the see your child program and all other benefits that GSN is offering. It is my dream that we will grow further, so more and more people can join GSN. That more and more people can become members of the GSN family." Frank emphasized that although this goal is his dream, it can only be achieved because it is, above all, the employees of GSN who make it possible. "You are the people who make these dreams come true". To emphasize this point, Frank pointed out the immense transformation of GSN in recent years and, although GSN, like everyone else in the world, has suffered from Covid, GSN has emerged from this crisis stronger and growing faster than ever before, due to the employees at GSN working diligently and hard. In conclusion, GSN is growing and is happy to welcome this new location and its employees as part of the GSN family!
To foster employee engagement, we prioritize open communication, transparency, and collaboration in our workplace culture. Our goal is to create an environment where every employee feels valued, respected, and supported. We are proud to celebrate the 11 years of service by Jie Fang, one of our valued employees who has been with us since the beginning. Jie has been an integral part of our team, contributing to our growth and success. We believe that recognizing and rewarding our employees' loyalty and dedication is essential to building a positive workplace culture. Thanks to our innovative approach to employee relations, our average employee return rate after the Chinese New Year festive season remains as high as 95%. We believe that this is a testament to our commitment to employee engagement and our efforts to create a workplace culture that prioritizes the needs and aspirations of our employees. In conclusion, at GSN, we are committed to creating a workplace culture that fosters employee engagement and supports continuous learning and improvement. We believe that engaged employees are key to our success, and we will continue to invest in our employees' growth and development to ensure that we remain a leading company in our industry.
In 2023, we are confronted with many global risks and opportunities. INFLATION China is rather independent from price changes at international markets for raw materials. As China is our major production location, GSN‘s risk towards inflation is lower than in the Western part of the world. To further mitigate the risk of rising costs, we will move our level of automation even closer to 100% in 2023. ENERGY COSTS GSN‘s costs for energy in China have remained stable during 2021 and 2022. We expect the same for 2023 and rate this risk as low. POLITICAL RISKS Sadly, the world is not a fully peaceful place. We strongly hope that all conflicts between countries will be handled in a peaceful manner only. Our value chain is ready to adapt to changes to the current status quo within a few months time. ECO-SOCIAL IMPACT The human species causes a large eco-social damage foot-print that goes far beyond climate relevant damages. At GSN, we strive for innovation to mitigate GSN‘s overall eco-social footprint. We regard this as a positive challenge and we will enhance our status as eco-social best-in-class role model in the electronics industry. GLOBAL ELECTRONIFICATION More and more electronics is being used in almost all products globally. GSN will continue to develop new technological solutions to make the world a better place. This is our perspective at GSN.
At GSN Shenzhen Electronics, we prioritize the well-being and cohesion of our team members, recognizing the value of shared experiences outside the workplace. This year, our commitment to fostering a strong team spirit and work-life balance was evident as we embarked on an exhilarating two-day company trip filled with adventure, camaraderie, and unforgettable moments.
Divided into teams, they participated in a range of physical and mental activities that proved challenging yet enjoyable, leaving everyone with a sense of accomplishment. Following the team-building games, the group headed to a beautiful location for a big dinner, where a variety of dishes awaited them. The evening included speeches, dancing, and singing, further strengthening the bonds between team members. This annual company trip proved to be a great opportunity for employees to build relationships and reinforce teamwork skills. The team participated in another day of team-building games, followed by a dinner, leaving everyone feeling grateful and energized.
We are proud to announce that GSN has once again achieved the IATF 16949 and ISO 9001 certifications. These certifications demonstrate our commitment to maintaining the highest level of quality and reliability in our products and services.
At GSN, we understand the importance of quality management and are committed to providing our customers with the highest level of service and satisfaction. Our recertification for IATF 16949 and ISO 9001 confirms our dedication to achieving this goal.