Over 80% will receive bonuses
By Jia Feishang |
January 20, 2010, Wednesday
|
Print Edition
Print Edition
MORE than 80 percent of employees on the Chinese mainland can look forward to year-end bonuses for 2009 due to a recovering economy and most companies have positive expectations for 2010, a survey revealed yesterday.
The survey, conducted by Hudson, a leading provider of human resources services, found that 84 percent of the firms across all sectors on the mainland plan to pay discretionary bonuses for 2009 to their employees compared to 88 percent in 2008 who said bonuses would be paid.
Among those who are planning to pay bonuses, about 55 percent said the bonus will be over 10 percent of an employee's annual salary while 11 percent said they will pay more than 20 percent.
About 90 percent of consumer-related companies will pay bonuses, while 91 percent in the banking and financial services sector are slated to pay.
Asked about the outlook for their companies in 2010, 62 percent of them forecast good performance, compared with 44 percent last year. A further 7 percent, compared to 4 percent a year earlier, said it will be excellent. Only 1 percent expected their companies to post a poor performance.
The survey, which was carried out in November, covered 1,500 decision makers in job hirings from multinational organizations of all sizes on the Chinese mainland (Shanghai and Beijing), Hong Kong and Singapore.
The survey, conducted by Hudson, a leading provider of human resources services, found that 84 percent of the firms across all sectors on the mainland plan to pay discretionary bonuses for 2009 to their employees compared to 88 percent in 2008 who said bonuses would be paid.
Among those who are planning to pay bonuses, about 55 percent said the bonus will be over 10 percent of an employee's annual salary while 11 percent said they will pay more than 20 percent.
About 90 percent of consumer-related companies will pay bonuses, while 91 percent in the banking and financial services sector are slated to pay.
Asked about the outlook for their companies in 2010, 62 percent of them forecast good performance, compared with 44 percent last year. A further 7 percent, compared to 4 percent a year earlier, said it will be excellent. Only 1 percent expected their companies to post a poor performance.
The survey, which was carried out in November, covered 1,500 decision makers in job hirings from multinational organizations of all sizes on the Chinese mainland (Shanghai and Beijing), Hong Kong and Singapore.
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