Skilled staff in China can expect salary rises, says report
8 July 2016
Salaries for experienced and skilled employees in China are expected to rise between 8% to 15% on 2015, according to a report from mid-senior level recruiter ZW HR Consulting.
Fri, 8 Jul 2016
Salaries for experienced and skilled employees in China are expected to rise between 8% to 15% on 2015, according to a report from mid-senior level recruiter ZW HR Consulting.
The report, published today, also reveals ZW HR expects stable hiring levels in 2016-17 as the recruitment market continues to mature and evolve.
Other key findings in the report include:
- More companies are searching internally for talent, with internal mobility on the rise.
- The IT sector is expected to continue to outperform and act as a key driver for growth in 2016 – demand will be particularly high for user-experience specialists, mobile engineers and software developers across digital-related businesses.
- Demand for engineers, especially those in research and development (R&D) positions will increase.
- China’s in-house legal professionals will continue to be in demand, as market factors push corporations to beef up their internal pool for both legal and compliance counsels.
- Life science professionals in China can expect 5-13% salary growth with R&D, clinical development, medical affairs, regulatory affairs, drug safety and quality assurance professionals more likely to be in demand in 2016/17.
- Demand for digital marketing, client relationship management and e-commerce professionals continues to outstrip supply of candidates across all industries, as online businesses in China continue to grow rapidly.
- Salaries for supply chain professionals expected to climb by 10-15% in 2016.
- Candidates with regional or China exposure with English and Chinese (Mandarin) language skills are particularly in higher demand and can expect salary hike up to 20-25%.
ZW HR’s guide is based on recently discovered changes in salary patterns within ZW HR sectors, including accounting, banking & finance, aerospace & engineering, chemical & energy, consumer goods, HR, IT and technology, legal, life sciences, manufacturing & supply chain and real estate.
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