China’s competitive market spurs upskilling & increments despite conservative business outlook 26 Mar 2020
While 2019 began as a promising year for recruitment in Asia, the ripple effect of a slowing global economy has seeded uncertainty within the region. This has contributed to a more conservative outlook for hiring and compensation in 2020, finds the latest Asia Salary Guide report by leading recruitment experts Hays. However, both employers and employees in China continue to maintain comparatively high expectations for increments in 2020 comparing to Asia counterparts, albeit alongside growing concerns over skill shortages.