Chinese companies could give an average pay rise of 8.8 percent next year, according to a survey released by 51job.com, country's leading jobs website.
The survey found that some 17.3 percent of the surveyed companies plan to increase pay for their staff at least once next year, a slight dip compared with the figure in 2013.
It added that 74.9 percent chose to increase pay only once in 2014.
According to China Daily, the financial industry will lead other industries with a 10.4-percent pay rise in the year, followed by the real-estate, high-technology and bio-pharmaceutical industries.
The survey found that salaries of companies based in the country's first-tier cities such as Beijing and Shanghai will increase by 8.6 percent year-on-year, and those in other cities will see a 9-percent rise, the report added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app