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Survey finds Shanghai firms may offer 8.8% payrise

Local employees this year are expected to see their salaries increased by 8.8 percent, a slightly higher than that of last year, a survey revealed today.

Most of the 1,200-plus companies surveyed would offer salary increase in January or April. Finance and real estate industries posted the highest salary increase of 9.6 percent and 9.5 percent respectively.

The survey, conducted by China International Intellect Corp., said employees working at private or Taiwan-invested companies are likely to see a big jump of their salaries, an increase between 6 to 12 percent.

While businesses with European or American background, due to their comparatively already high income, would have a slower pace of income increase between 5 to 8 percent.

Zhang Xin, a consultant with the company who worked on the project, said the salary increase would not reach 15 to 20 percent though the economy is getting better.


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