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Firms see more workers quit
By Jia Feishang |
December 29, 2010, Wednesday
|
Print Edition
Print Edition
CHINESE companies report that the rate of employees who quit rose this year from 2009 due to a recovering economy and a slow salary increase, a survey showed yesterday.
The survey, covering more than 7,000 mainland companies in 19 industries, said the rate was 18.5 percent this year, up from last year's 15.9 percent.
Even a forecast of 8.4-percent salary increase for 2011, which is above this year's 7.9 percent rise, may not be considered positive because of the current high inflation, according to the survey. The Consumer Price Index rose to a 28-month high of 5.1 percent in November, according to official data.
Feng Lihua, chief analyst at a Nasdaq-listed head-hunting firm 51job, told Shanghai Daily that the slow salary increase was partly responsible for the high rate of resignations.
"Despite the salary increase, employees' income is low compared with CPI rising," Feng said. They quit when their demand for a pay rise was not met, he added.
The survey, conducted by 51job, found that a recovering economy has brought about more job opportunities, which also partly explained the high resignation rate.
The survey found that 93.2 percent of employees quit their jobs voluntarily.
The services, manufacturing and retail sectors experienced the highest rate of resignations at 24.2 percent, 21.8 percent and 20.5 percent respectively.
The survey, covering more than 7,000 mainland companies in 19 industries, said the rate was 18.5 percent this year, up from last year's 15.9 percent.
Even a forecast of 8.4-percent salary increase for 2011, which is above this year's 7.9 percent rise, may not be considered positive because of the current high inflation, according to the survey. The Consumer Price Index rose to a 28-month high of 5.1 percent in November, according to official data.
Feng Lihua, chief analyst at a Nasdaq-listed head-hunting firm 51job, told Shanghai Daily that the slow salary increase was partly responsible for the high rate of resignations.
"Despite the salary increase, employees' income is low compared with CPI rising," Feng said. They quit when their demand for a pay rise was not met, he added.
The survey, conducted by 51job, found that a recovering economy has brought about more job opportunities, which also partly explained the high resignation rate.
The survey found that 93.2 percent of employees quit their jobs voluntarily.
The services, manufacturing and retail sectors experienced the highest rate of resignations at 24.2 percent, 21.8 percent and 20.5 percent respectively.
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