Finance and realty show biggest pay rise
By Jia Feishang |
January 12, 2011, Wednesday
|
Print Edition
Print Edition
SHANGHAI employees working in finance and real estate firms can expect to get highest salary rises of 9.6 percent and 9.5 percent this year although most workers will see their salaries increase by a slightly higher rate of 8.8 percent in 2011 compared with last year, according to a survey yesterday.
Most of the more than 1,200 companies surveyed will offer the increases in January or April, and the survey, conducted by China International Intellect, said employees working at private or Taiwan-invested companies are likely to see a big jump of between 6-12 percent in their salaries.
Due to the comparatively high incomes currently being earned by their employees, European and American businesses are expected to offer lower rises of between 5-8 percent.
Zhang Xin, a consultant with the company, said salary increases would not reach 15 to 20 percent this year even though the economy is getting better because "companies would face bigger operational pressure, and more employees would change jobs this year."
According to a recruitment index revealed by Ceibs-Bridge yesterday, automobile, finance and human resources companies indicated they have the strongest intentions to recruit staff in the first quarter of this year.
Most of the more than 1,200 companies surveyed will offer the increases in January or April, and the survey, conducted by China International Intellect, said employees working at private or Taiwan-invested companies are likely to see a big jump of between 6-12 percent in their salaries.
Due to the comparatively high incomes currently being earned by their employees, European and American businesses are expected to offer lower rises of between 5-8 percent.
Zhang Xin, a consultant with the company, said salary increases would not reach 15 to 20 percent this year even though the economy is getting better because "companies would face bigger operational pressure, and more employees would change jobs this year."
According to a recruitment index revealed by Ceibs-Bridge yesterday, automobile, finance and human resources companies indicated they have the strongest intentions to recruit staff in the first quarter of this year.
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