Job hopping up and pay rises likely to be slower
Print Edition
JOB hopping rose in 2014 as companies face challenges to their business, and the not-so-good news is that salaries are expected to rise slower next year, recruitment portal 51job.com said in a report yesterday.
The overall job hopping rate was 17.4 percent this year, 1.1 percentage points higher than that in 2013, the website said in a report covering 3,217 employers and 4,138 employees.
The report attributed the higher rate to employers failing to meet staff’s salary expectations and more companies involved in mergers and acquisitions.
Employers said they have raised salaries by 8.1 percent in 2014, down from the 8.3 percent in 2013, the report said.
They expect salaries to rise 7.9 percent in 2015.
“The economy in 2014 was relatively weak and investment slowed down especially in the real estate, manufacturing, energy and chemical industries,” it said.
“These factors made companies cautious about their salary strategy. We expect economic uncertainties will remain in 2015 and salary increase will further slow down next year.”
The high-technology sector will lead the salary rise with 9.4 percent projected for next year, followed by finance firms as they expand to new areas such as the Internet, the report said.
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