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Higher pay rise in public sector
By Dong Hui |
April 17, 2009, Friday
|
Print Edition
Print Edition
THE average pay of Shanghai residents employed in state-owned businesses and organizations increased 15.4 percent last year, higher than the city's average, according to a latest salary report by the Shanghai Statistics Bureau.
The report said Shanghai residents' average annual pay increased 13.8 percent last year to 39,502 yuan (US$5,800). The year before average pay rose 17.4 percent.
The average pay of employees in the city's state-owned enterprises and organizations was about 53,570 yuan last year, based on the bureau's 2007 average of 46,426 yuan.
Even though it was higher than the average, last year's pay rise in state-owned enterprises and organizations was far less than 2007's 28.9 percent.
"Many local state-owned companies were still competitive in their industries especially those in finance, real estate, oil and storage businesses, despite the sweeping effect of the global financial crisis," said Feng Lijuan from 51job.com, a Nasdaq-listed human resource services provider.
Pay rises in these businesses are relatively stable, especially when compared to foreign and private companies, Feng added.
"The global financial crisis might have a bigger influence on foreign and private enterprises, while state-owned ones have a stronger ability to expand and increase orders."
The report said there were about 3,000 employees in state-owned companies who had already left their employer but still had labor contracts with them, which might have reduced the average pay rise, analysts said.
"The people who have left often have less skills and earn less," Feng said.
"To rule out these people would make the average pay higher," he added.
The report said Shanghai residents' average annual pay increased 13.8 percent last year to 39,502 yuan (US$5,800). The year before average pay rose 17.4 percent.
The average pay of employees in the city's state-owned enterprises and organizations was about 53,570 yuan last year, based on the bureau's 2007 average of 46,426 yuan.
Even though it was higher than the average, last year's pay rise in state-owned enterprises and organizations was far less than 2007's 28.9 percent.
"Many local state-owned companies were still competitive in their industries especially those in finance, real estate, oil and storage businesses, despite the sweeping effect of the global financial crisis," said Feng Lijuan from 51job.com, a Nasdaq-listed human resource services provider.
Pay rises in these businesses are relatively stable, especially when compared to foreign and private companies, Feng added.
"The global financial crisis might have a bigger influence on foreign and private enterprises, while state-owned ones have a stronger ability to expand and increase orders."
The report said there were about 3,000 employees in state-owned companies who had already left their employer but still had labor contracts with them, which might have reduced the average pay rise, analysts said.
"The people who have left often have less skills and earn less," Feng said.
"To rule out these people would make the average pay higher," he added.
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