Pay to rise and job hopes shine
By Wang Yanlin |
March 19, 2010, Friday
|
Print Edition
Print Edition
JUST under half of Chinese mainland businesses plan to increase salaries of their employees this year, according to a global survey released yesterday by Grant Thornton Jingdu Tianhua Co.
The firm disclosed that 44 percent of employers on the Chinese mainland plan to raise salaries for their staff in 2010, of which 32 percent target salary increment in line with the inflation rate and 12 percent may give a pay rise above inflation.
The firm interviewed 7,400 senior executives across all industries in the world, and 300 of them were from the mainland.
The survey also found 41 percent of businesses on the mainland raised their staff numbers last year. Only 15 percent cut their headcount and 44 percent saw no change.
The result was much better than some developed countries, including the United States where 50 percent of companies laid off their employees.
Xia Zhidong, a partner of the firm, said the survey gave hopes of better employment prospects this year.
"Some businesses have already started recruiting as they find current staffing levels no longer sufficient," Xia said.
Grant Thornton Jingdu Tianhua is a joint venture formed under the Grant Thornton International.
The firm disclosed that 44 percent of employers on the Chinese mainland plan to raise salaries for their staff in 2010, of which 32 percent target salary increment in line with the inflation rate and 12 percent may give a pay rise above inflation.
The firm interviewed 7,400 senior executives across all industries in the world, and 300 of them were from the mainland.
The survey also found 41 percent of businesses on the mainland raised their staff numbers last year. Only 15 percent cut their headcount and 44 percent saw no change.
The result was much better than some developed countries, including the United States where 50 percent of companies laid off their employees.
Xia Zhidong, a partner of the firm, said the survey gave hopes of better employment prospects this year.
"Some businesses have already started recruiting as they find current staffing levels no longer sufficient," Xia said.
Grant Thornton Jingdu Tianhua is a joint venture formed under the Grant Thornton International.
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