China’s mainland led salary increases among five major Asian economies last year, driven by impressive economic growth and upgraded demands for talented workers, recruiting company Hays said in a report on Thursday.
Of those surveyed, 66 percent of employers in China’s mainland gave a salary increase above 6 percent last year, compared with an overall 29 percent in Asian economies including China’s mainland, Hong Kong, Singapore, Malaysia and Japan, Hays said after surveying 2,600 employers and placements made by the company.
"Cost control has lowered the ceiling for salary increases in many organizations across Asia," said Simon Lance, regional director of Hays in China. "While China is the stand-out performer when it comes to salaries in Asia. For the top talent many employers offer higher packages to entice candidates, proving that money still talks. But in general, salaries are starting to become more moderate than they once were."
(Source: Shanghai Daily)