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Job applicants to get average 15-25% pay hike in 2014
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JOB applicants this year will generally get a 15 to 25 percent salary raise this year, while employees in their original posts will get an average of an 8 to 10 percent increase, a recent survey shows.
Job applicants in fast-growing sectors of financial services and industry will enjoy a 20 to 30 percent salary jump, recruitment consultancy Robert Walters said in its annual salary survey today.
The projections were made through interviews with local employees and recruiting managers in various industries.
The salary growth trend is expected to stay in line with that of 2013, and local talent is expected to meet companies' demands for expansion in the domestic market, while executive-level workers with wide experience are still lacking.
About 81 percent of employees surveyed by Robert Walters said they are considering looking for a new job, with a lack of career promotion the major reason for job-hopping, according to a separate survey for about 400 domestic employees.
About 20 percent of respondents said they're eyeing a promotion at a new job.
Job-hoppers are also hoping for an average of 30 percent more in salary, the survey showed.
"Actively building a career development platform is a must for employers who want to keep talent," said Arthur Wang, managing director for Robert Walters China.
Automobiles, rapidly growing consumer goods and the retail industry will be the fastest growing sectors, where the competition for talent is the most intense.
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