Chinese Employees Earn an Average Salary of 6,070 Yuan ($922.64), Report Reveals
Charissa Echavez | | Jan 25, 2016 06:47 AM EST |
(Photo : Reuters) In a survey conducted by job hunting site zhaopin.com, Chinese employee were found to earn an average of 6,070 ($922.64) monthly.
A newly released report by job hunting site zhaopin.com has revealed that, based on job vacancies posted over the internet this winter in 32 cities across China, the average salary is at 6,070 yuan ($922.64).
The capital city Beijing ranks at the top of the list with 9,227 yuan followed by Shanghai (8,664 yuan) and Shenzhen (7,728 yuan). Meanwhile, second-tier city Hangzhou surpassed first-tier city Guangzhou at 7,097 and 6,913 yuan, respectively. The results shows that Guangzhou was not able to keep pace with the development of the other three first-tier cities.
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Included also in the top 10 are well-established coastal cities from the east such as Suzhou, Ningbo and Nanjing, as welll as developing cities from the southwestern region including Chengdu and Chongqing.
However, cities in the northeastern region like Harbin, Changchun and Shenyang are among the lowest. The report noted that these industrial-based cities may be striving to transcend economically.
the issue of which jobs get the highest pay. The survey reveals that consulting and professional service provider firms like lawyers, accounting and human resources top the list, averaging at 10,634 yuan. Trailing behind the second and third spots are the investment industry at 9,204 yuan and the intermediary agent industry at 8,658 yuan, respectively.
On the private economy side, private companies offer the most competitive pay at 7,322 yuan, followed by joint ventures at 7,134 yuan and solely foreign-owned establishments at 6,400 yuan at third - reflecting the rough progress of foreign-owned companies in China these past years.
In a separate report, 44 percent of Chinese companies are planning to increase employees' salaries between 6 and 10 percent, while 15 percent of the Chinese companies are actually considering raising employee salaries to over 10 percent this year - an increase surpassing other Asian countries. The survey called The 2016 Hays Asia Salary Guide was made by Hays, one of the dominating recruitment companies in the world.
Meanwhile, over 60 percent of Asian employers were found to be considering giving out bonuses. Influencing factors for cash incentives include company performance (95 percent), individual performance (92 percent) and team performance (37 percent).
As to the amount of bonuses that will be handed out, over 30 percent of Asian employers predict it will not be greater than 10 percent of the employee's salary, about 45 percent of employers from 11 to 50 percent, over 10 percent of employers between 51 and 99 percent, and 10 percent as high as 100 percent.
Furthermore, other than salaries and bonuses, the survey also revealed that nearly 85 percent of Asian employers offer additional benefits. Almost 80 percent of Asian employers provide health/medical treatment incentive, more than 40 percent provide life insurance and over 30 percent provide travel allowance and pension.
Tagssalary, china, Chinese Economy, workers
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