Electric cars spark highest salaries
By Jia Feishang |
March 20, 2010, Saturday
|
Print Edition
Print Edition
GRADUATES working in automobile electric motor design are expected to enjoy the highest starting salaries this year -- a median 6,148 yuan (US$900) a month -- according to a salary guide released yesterday.
The guide, based on 2009 incomes, indicates that the automobile industry should be offering higher salaries compared to another 200 plus posts, the Shanghai Human Resources and Social Security Bureau said.
But for management trainees, the median salary suggested by the guild is 3,203 yuan this year, nearly 400 less than that of 2009. But the low and high-end salaries should be almost the same as last year.
Feng Lijuan, chief HR analyst at 51job, a Nasdaq-listed human resources company, confirmed the similar salary market between this year and 2009.
Companies were offering three times as many posts to students who will graduate this summer as opposed to 2009, which means there will be no big jump in salaries in spite of the recovering economy, Feng said.
The survey, conducted by the city's human resources bureau, revealed that 55.6 percent of students who left universities last year had a monthly income below 3,000 yuan. While for those who graduated in 2008, the rate was 50.6 percent.
The bureau attributed the increase to the effect of the global economic downturn.
But even amid the economic crisis, the salaries of core production jobs, such as welders and locksmith, increased at least 10 percent from 2008, said the survey. In addition, incomes last year for posts in the automobile industry also increased more than 10 percent from 2008.
Feng said graduates' income also depended on what kind of companies they work for -- the money offered by world's top 500 companies must be higher than other firms in the same industry.
The monthly income of those who graduated last year did not decrease greatly compared to that in 2008 because companies hired fewer people, Feng added.
Students seeking jobs as financial analysts had good news -- the median salary listed increased by 870 yuan from last year's 3,000 yuan.
"Under the pressure of inflation and increases on living expenses, companies may provide a higher salary than last year," said Feng.
The human resources bureau advised students to choose a job to suit their interests and personality, and not just chase the professions that are currently considered "hot."
The guide, based on 2009 incomes, indicates that the automobile industry should be offering higher salaries compared to another 200 plus posts, the Shanghai Human Resources and Social Security Bureau said.
But for management trainees, the median salary suggested by the guild is 3,203 yuan this year, nearly 400 less than that of 2009. But the low and high-end salaries should be almost the same as last year.
Feng Lijuan, chief HR analyst at 51job, a Nasdaq-listed human resources company, confirmed the similar salary market between this year and 2009.
Companies were offering three times as many posts to students who will graduate this summer as opposed to 2009, which means there will be no big jump in salaries in spite of the recovering economy, Feng said.
The survey, conducted by the city's human resources bureau, revealed that 55.6 percent of students who left universities last year had a monthly income below 3,000 yuan. While for those who graduated in 2008, the rate was 50.6 percent.
The bureau attributed the increase to the effect of the global economic downturn.
But even amid the economic crisis, the salaries of core production jobs, such as welders and locksmith, increased at least 10 percent from 2008, said the survey. In addition, incomes last year for posts in the automobile industry also increased more than 10 percent from 2008.
Feng said graduates' income also depended on what kind of companies they work for -- the money offered by world's top 500 companies must be higher than other firms in the same industry.
The monthly income of those who graduated last year did not decrease greatly compared to that in 2008 because companies hired fewer people, Feng added.
Students seeking jobs as financial analysts had good news -- the median salary listed increased by 870 yuan from last year's 3,000 yuan.
"Under the pressure of inflation and increases on living expenses, companies may provide a higher salary than last year," said Feng.
The human resources bureau advised students to choose a job to suit their interests and personality, and not just chase the professions that are currently considered "hot."
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