The salary expectations of employers and employees are largely in alignment in China, unlike other countries in Asia, reports recruiting experts Hays.
According to research conducted by Hays, 72 percent of candidates in China expect to receive a salary increase of more than 6 percent, while 74 percent of employers plan to offer increases at this level.
7 percent of employees except to receive an increase between 3 and 6 percent, while the final 21 percent expect to receive an increase of zero to less than 3 percent.
Yet 19 percent of employers expect to increase salaries by 3 to 6 percent, and the final 7 percent will increase by nil to less than 3 percent.
The survey of 352 employees was conducted on the recruiter’s website, while the survey of 1200 employers was conducted for the annual Hays Salary Guide.
Interestingly, where employers and candidates in China are most aligned is at the upper end of the scale for salary increases.
In comparison, in Hong Kong 33 percent of candidates expect to receive a salary increase of more than 6 percent yet just 20 percent of employers plan to offer such an increase. In Singapore 47 percent of candidates expect a salary increase of more than 6 percent but only 15 percent of employers expect to increase at this level.
In Malaysia 60 percent of candidates expect a salary increase of more than 6 percent but only 34 percent of employers will offer such an increase. In Japan 21 percent of candidates expect a salary increase of more than 6 percent but only 6 percent of employers plan to increase by this much.
Despite the more aligned salary expectations in China, job seekers are advised to focus on their long-term career goals when looking for their next job.
“We still advise candidates to look at the opportunity for professional growth offered by a potential employer and not just the salary,” says Simon Lance, Regional Director of Hays in China. “This will help you position for promotion once inside the organisation.
“The potential for salary increases moves up and down as economic conditions change so it is important not to overreact if salary trends change. Once again, our advice is to think of your long-term career goals rather than to focus on money.”
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide.
Hays Specialist Recruitment (Shanghai) Co., Limited ("Hays China") operates across the public and private sector, dealing in permanent positions. Hays China’s specialisms span Accountancy & Finance, Banking, Architecture, Construction, Education, Engineering, Finance Technology, Human Resources, Hays Resource Management, Information Technology, Life Sciences, Manufacturing & Operations, Oil & Gas, Property and Sales & Marketing.
Hays China operates four local offices in Shanghai, Beijing, Suzhou and Guangzhou. It is the local representative office for Hays plc, which is a global company with more than 7,810 staff operating from 240 offices across 33 countries.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA.