Key insights from the 2020 Hays Asia Salary Guide
Chinese Employer:
- 44% to increase salaries by above 3% but less or equal to 6%
- 43% predict their permanent staff levels will increase in 2020
- 53% said soft skills are most sought-after by their organization
- 51% do not believe they have the talent needed to achieve current business objectives
- 92% report that skills shortages will hamper the effective operation of business/department
- 55% are restructuring their department / organisation to keep up with changing business needs
Chinese Employee:
- 18% expect their salaries to increase from above 3% but less or equal to 6%
- 62% are looking for a new job due to their salary/benefit package
- 51% don’t believe / are not sure their current skills will still be in demand in five years’ time
- 66% spend 1-5 hours a week enhancing their professional skills
- 61% said flexi-time working is the #1 flexible working option they look for in their job search
Press Release
China’s competitive market spurs upskilling & increments despite conservative business outlook
Chinese employees retain high salary expectations as benefits take a backseat
Are you being paid what you’re worth?
Infographics