Salary hikes to exceed inflation in 2012

0 Comment(s)Print E-mail China Daily, February 10, 2012
Adjust font size:

Salary increases in China are likely to exceed the rate of inflation in 2012 and job opportunities are expanding despite slowing economic growth, said human resources executives.

"Expectations for growth in China are rising as demand in the US and European markets remains very weak. Recruitment is doing well in China, the key market for growth," David Nagy, managing director of the US-based executive search firm DHR International, said in an interview on Thursday.

Although China's GDP growth might decelerate further, due to weakening external demand and structural shifts, the consumer market offers opportunities.

Medical care is a new frontier for employment, with the government's commitment to providing better health care and individuals' improved ability to pay for medical care.

China is improving its medical service system and has increased the subsidy for rural residents to 240 yuan ($38) a year for each person, from 200 yuan previously.

"Some medical companies are transferring their research and development centers to China, presenting more opportunities for us as well," he said.

The market will remain strong across almost all industries, including vehicles, online digital services and technology.

In particular, demand from foreign and domestic companies is robust for senior-level positions and for human resources and finance positions.

Base-pay growth

Foreign employers in China are expected to offer employees base-pay increases of 6 to 11 percent in 2012, Nagy said. China recorded a 4.5-percent year-on-year increase in the consumer price index in January.

In terms of bonuses, those in support positions such as human resources, public affairs and government relations are expected to see growth of 20 percent or so.

For sales, marketing and leadership positions, growth could be up to 35 percent, and sometimes, there is no cap, Nagy said.

A survey by Hays PLC released on Thursday found that more than 80 percent of employers in China plan to increase salaries by more than 6 percent in 2012.

The UK-based recruiting consulting company said that robust economic growth in China has prompted companies with operations in China to raise salaries to retain talent and support business development.

Among the 291 surveyed employers in the Chinese mainland, 29 percent said they would increase salaries by at least 10 percent. Another 29 percent gave a range of 5 to 10 percent and 13 percent said salaries would rise by 3 to 6 percent.

The surveyed industries included finance, high-technology, education, manufacturing, energy and biological science.

The survey also found that last year, 72 percent of the respondents in China increased salaries by more than 6 percent, with 51 percent reporting an increase of 6 to 10 percent and 21 percent offering more than 10 percent.

"Though the global economy is uncertain, China is still achieving strong growth," said Simon Lance, regional director of Hays China.

"In 2012, we expect to see more companies here focusing on recruiting and retaining key talent, a move to promote their expansion."

Among more than 900 employers, 64 percent said they expected business activity to increase and 41 percent expected their permanent staff levels to increase.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 日本xxxⅹ色视频在线观看网站| 一本大道无码人妻精品专区| 欧美日韩亚洲人人夜夜澡| 全黄a免费一级毛片人人爱| 西西人体44rt大胆高清日韩| 国产真实伦对白视频全集| 91免费福利精品国产| 天天做天天爱夜夜想毛片| 丁香花高清在线观看完整版| 日本www.色| 久久精品一区二区三区av| 机机对机机的30分钟免费软件| 亚洲成年人影院| 波多野结衣看片| 伊人色综合久久天天人守人婷| 精品人妻AV区波多野结衣| 啊灬啊灬啊快日出水了| 色妞WW精品视频7777| 无码国模国产在线观看| 九九热精品视频| 欧美人成网站免费大全| 亚洲欧美日韩在线一区二区三区| 狠狠色先锋资源网| 免费jlzzjlzz在线播放视频| 精品国产午夜理论片不卡| 啦啦啦手机完整免费高清观看 | 大学生毛片a左线播放| xxxxx69hd杨幂| 婷婷免费高清视频在线观看| 一级毛片免费不卡| 性色AV一区二区三区夜夜嗨| 中文字幕一区二区三区日韩精品| 护士们的放荡交换全文| 久久99国产亚洲精品观看| 日产国产欧美韩国在线 | 男人插女人的网站| 免费一级毛片在线播放不收费| 精品一区二区三区波多野结衣| 公添了我的下面出差牌友| 精精国产xxxx视频在线播放| 台湾佬在线观看|