Private firms give highest pay increase
By Liang Yiwen |
April 22, 2011, Friday
|
Print Edition
Print Edition
Employees of private companies received the highest pay rise of 13.1 percent last year in China while state-owned enterprises got the lowest average pay hike of 10.3 percent, according to a report released at Fudan University yesterday.
In 2008 and 2009, SOE employees reported the largest salary increase.
The average pay rose 12.3 percent last year, 7.8 percent in 2009 and 11.7 percent in 2008.
Private firms may award the highest pay rise of 13.4 percent this year, followed by 10.1 percent by SOEs and 10 percent by foreign-funded firms.
Private firms were most influenced by the rise in minimum wage across the country last year, said Yu Liwen, the report's major researcher and director of the commercial data center at Adfaith Management Consulting.
The auto, energy and chemical and real estate industries saw the highest wage rises last year at 14.3 percent, 13.3 percent and 12.6 percent respectively.
This year, the real estate, consumer goods and auto industries may get the biggest wage increase at 14.1 percent, 13.1 percent and 12.9 percent respectively.
In 2008 and 2009, SOE employees reported the largest salary increase.
The average pay rose 12.3 percent last year, 7.8 percent in 2009 and 11.7 percent in 2008.
Private firms may award the highest pay rise of 13.4 percent this year, followed by 10.1 percent by SOEs and 10 percent by foreign-funded firms.
Private firms were most influenced by the rise in minimum wage across the country last year, said Yu Liwen, the report's major researcher and director of the commercial data center at Adfaith Management Consulting.
The auto, energy and chemical and real estate industries saw the highest wage rises last year at 14.3 percent, 13.3 percent and 12.6 percent respectively.
This year, the real estate, consumer goods and auto industries may get the biggest wage increase at 14.1 percent, 13.1 percent and 12.9 percent respectively.
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