Government announces minimum salary rise
Print Edition
THE minimum salary for full-time employees in Shanghai is rising by 170 yuan to 2,190 yuan (US$339) per month, said officials announcing Shanghai’s new civic benefits package yesterday.
Minimum pay for part-time workers will increase from 18 yuan per hour to 19.
It is the 23rd time the Shanghai government has raised the minimum salary standard, which is determined by local economic conditions.
Employers that flout the rule can face fines amounting to five times the cheated employee’s salary.
The Social Security Bureau also provided guidelines for pay rises, advising employers to give staff a 9 percent increase on average, which is one percent lower than last year, but still higher than some human resources experts predicted.
The average salary increase is expected to be 7.6 percent this year, 0.3 percent lower than 2015, according to a report from the CIIC human resource company.
“The slowing down of pay rises is not surprising with the slower economy in China,” said Pang Limin of CIIC’s survey center.
“Meanwhile, the cost of employing people in Shanghai is very high after decades of fast growth. Even the government is trying to help companies reduce the burden by decreasing the portion of their payments in social security account.”
Meanwhile, the maximum medical cost covered by the public health insurance fund will jump to 420,000 yuan per year per person from 390,000.
Financial aid for the unemployed, disabled and poor families will also rise.
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