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China – Salary hikes not slowing down

28 January 2014

Salary hikes in China are reportedly expected to increase further, hitting a staggering +8.8% growth rate in 2014, according to a recent survey conducted by human resources service provider, 51job.com. This figure compares with a +8.6% growth rate for 2013.

ccording to the China Daily, the survey found that the highest salary increases will be seen in the financial sector (+10.4%), followed by real estate (+10.1%), high tech (+9.9%) and bio-pharmaceuticals (+9.2%).

According to the report, the salary increase reflects the growing demand for skilled professionals in these industries. However suitable candidates are in short supply, so the competition between employers wishing to attract the right talent is fierce.

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