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China releases 2012 salary report

0 Comment(s)Print E-mail CNTV, June 11, 2012
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Following a forum on human resources at Fudan University in Shanghai, a prominent Chinese consultancy firm has released its 2012 white paper on salaries.

The report covers wages in 2011 in eleven different industries. There's manufacturing, high-tech, real-estate, medical and trade industries.

Over 60% of enterprises taking part in the survey had raised salaries last year. One third had increased salaries for all employees, and slightly more had increased salaries for most of their staff.

With an average pay rise of 13.33%, workers in the private sector seem to come out on top, doing better than those in state-run companies, and even foreign companies.

However, the report estimates that this year, salaries won't rise as fast. Over half the companies surveyed said they would increase wages, but by only around 10%.

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