Local Enterprises to Increase Salaries to Lure in Workers

Local Enterprises to Increase Salaries to Lure in WorkersThe Shenzhen Talent Market recently conducted a survey in Luohu which showed that 10 percent of the local enterprises are raising salaries around 10 to 15 percent for this year, and 77 percent are increasing salaries by 5 to 10 percent and 10 percent of the enterprises are sticking to their salary standards from last year.

Based on the survey positions in the research, marketing, comprehensive management and production has the most vacancies, while positions in the manufacturing, finance, computer, electronics, education and sports industries have the greatest demand for qualified staff. Two thirds of the local enterprises also increased their hiring for this year, 23 percent are maintaining their size and 11 percent are reducing recruitment.

For those looking for work with three years of college education, 32 percent of these employers are offering monthly salaries of 3,500 to 4,500 yuan and 62 percent are offering 2,500 to 3,500 yuan. Those with regular four year college education, 37 percent of these enterprises are paying 4,500 to 6,000 yuan a month, 48 percent are offering 3,500 to 4,500 yuan. While those holders of master’s degrees are make more than 6,000 yuan a month.

Rapid development of inland cities along with the rising salary expectations makes are proving to be a challenge for enterprises to meet in seeking suitable workers even if Shenzhen is still one of the best choices for job seekers. 70 percent of the survey respondents stated that they prefer looking for work in first tiered cities, while 19 percent prefer capital cities in their hometown or provinces.

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