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Business / Economy

Job-hopping to net 25% rise in salaries

By Shi Jing (chinadaily.com.cn) Updated: 2015-01-21 13:41

Job-hopping to net 25% rise in salaries

The continued interest of multinational companies in the Chinese market, combined with the rapid expansion of Chinese domestic firms, will inject much vitality in the country's job market and propel growth of employees' salaries. [Photo/IC]

The continued interest of multinational companies in the Chinese market, combined with the rapid expansion of Chinese domestic firms, will inject much vitality in the country's job market and propel growth of employees' salaries.

According to the latest global salary report released by the recruitment specialist Robert Walters, Chinese employees who will change jobs in 2015 can expect their salary to go up by 15 to 25 percent, while those who choose to stay can also see a 6 to 8 percent increase.

Employees in Beijing working in such industries as accounting and finance, human resources, and marketing can expect their salaries to go up by 20 percent if they opt to change jobs. Those working in the sales and engineering research and development sector are likely to see their salaries increase by up to 30 percent.

For employees in Shanghai, they can also expect a salary increase of around 20 percent if they look for new opportunities in such industries as finance and accounting, banking, human resources, information technology and sales. Walters expects pharmaceutical and chemical industries to have strong demand in 2015, and those working in the operation and manufacturing sectors can see their salaries go up by 30 percent if they change jobs.

But it should be noted thatsales professionals in the luxury industry will see very limited salary increase due to the stagnantindustry. Only 5 to 15 percent increase will be seen for those who change jobs in this sector in 2015.

Related story:

Top 7 highest-paid executives in China by chinadaily.com.cn

A survey of salary rankings for executives in Chinese listed companies has just concluded, in which seven leaders' salary exceed 10 million yuan ($1.16 million). Zhong Chongwu, Chairman of the Board of Directors of Fangda Special Steel of Science and Technology Co Ltd,topped the 2013 highest-paid executives in Chinese listed companies with a salary of 19.73 million yuan. 

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