Shanghai lags in pay rise, trend report says
By Dong Zhen |
May 19, 2012, Saturday
|
Print Edition
Print Edition
PAY raise among Shanghai companies capped at nearly 11 percent last year and was lower than the national average amid the overall slowdown in the city's economic growth, according to a salary trend report.
The report, released in Shanghai this week by the School of Management of Fudan University, said employers across the Chinese mainland realized an average 13.14 percent pay rise last year, a slight improvement from a year earlier.
Compared with other mainland cities, Shanghai lagged behind with a lower 10.69 percent. The report found that last year the real estate, finance and high-tech industries, in that order, offered the biggest hike in salaries. But it also speculated that the top positions would be taken by the finance industry this year, followed by the trade and high-tech sectors.
The report also anticipated that employers from the local consumer goods industry would continue to be sluggish this year in giving pay rise to staff.
The survey showed that last year an undergraduate received a starting monthly salary of between 2,500 yuan (US$395) and 4,500 yuan. Fresh postgraduates were paid between 3,500 and 6,500 yuan while doctoral degree graduates between 4,500 and 8,500 yuan. The finance sector paid the highest for all the three types of graduates last year.
The report, released in Shanghai this week by the School of Management of Fudan University, said employers across the Chinese mainland realized an average 13.14 percent pay rise last year, a slight improvement from a year earlier.
Compared with other mainland cities, Shanghai lagged behind with a lower 10.69 percent. The report found that last year the real estate, finance and high-tech industries, in that order, offered the biggest hike in salaries. But it also speculated that the top positions would be taken by the finance industry this year, followed by the trade and high-tech sectors.
The report also anticipated that employers from the local consumer goods industry would continue to be sluggish this year in giving pay rise to staff.
The survey showed that last year an undergraduate received a starting monthly salary of between 2,500 yuan (US$395) and 4,500 yuan. Fresh postgraduates were paid between 3,500 and 6,500 yuan while doctoral degree graduates between 4,500 and 8,500 yuan. The finance sector paid the highest for all the three types of graduates last year.
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