China salary increase 2021.
The average salary in Mainland China is above ¥350,000.
China salary increase 2021 Key findings include: 2024 Salary Growth: The actual salary growth rate in China for 2024 was 4. April 22, 2021. 4%. 5%, while employees in China are expected to see an average salary increase of 5. This essential tool helps both employers and job seekers by offering a deep dive into salary data, enabling them to make well-informed decisions during hiring processes and salary discussions. 6%, followed by Vietnam (4. Nov 16, 2021 · After factoring in the forecasted inflation of 1. 2 percent. expect headcount increases at their Chinese Mainland operations in 2024 (rises to30% among C-levels) 22%. In 2025, the average salary in China in Chinese Yuan (CNY) is ¥22,053 per month, which, at the latest exchange rates, translates to approximately USD 3,050 per month. Average salaries for urban employees also varied between different regions. Similarly, most employers in Hong Kong and Singapore indicated only Feb 3, 2022 · In total, wages and benefits increased 4% in 2021—the biggest increase in over 20 years, according to BLS data. 4% last year. 3% in 2020. 1%, remaining in the top three both globally and regionally. The Renminbi (abbreviated RMB) is China’s official currency. 上海， 2023年9月11日 – 全球领先的人力资源、健康福利及财富投资咨询公司美世发布了2023年度中国市场整体薪酬调研结果。 planning for larger salary increases over what employees are expecting. Jan 5, 2025 · The last time China publicly announced a nationwide pay raise for civil servants was in 2015, when the government increased local officials' salaries by more than 30 percent as part of an effort to fight corruption and increase consumers' spending power. Regional Director, Hays Shanghai, China. India will see the biggest increase of 4. 3%, 0. 6. In 2021, the average annual wage of employees in urban private units in China was 62,884 yuan, an increase of 5,157 yuan over the previous year, a nominal increase of [1] 8. Jan 17, 2024 · Workers in Singapore are expected to receive a salary increase of 4. ⚫ Among the responding companies, 30. The average actual increase was around 300 RMB per person, a figure publicly disclosed by a spokesperson for the Ministry of Human Resources and Social Security in 2021. 4%). ” Top ten forecast real salary increases – Asia Pacific 2021 SALARY & JOB MARKET TRENDS IN CHINA. expect a pay increase after their2024 salary review. 3 percent over the previous year. According to official data from China's National Bureau of Statistics and MHRSS, the average salary in China in 2025 (in urban areas) is 120,698 yuan per year $16,600) or 10,060 yuan per month ($1,385). The 2021 headline salary increase is 1. Social media users suggested salaries were also boosted in 2018 and 2021, but the government never confirmed the hikes and the percentage increases are unclear. While, those in Japan can expect 2. 45% May 24, 2022 · In 2021, the average annual salary of employees in enterprises above designated size was 88,115 yuan, a nominal increase of [1] 10. 5% implemented a pay freeze, 68. 0%. Dec 31, 2024 · This marks the most transparent salary adjustment since 2015, when approximately 40 million civil servants received an average raise of 300 yuan per month. Apr 7, 2025 · As of April 7, 2025, Shanghai has the highest monthly minimum wage among 31 provinces (RMB 2,690/US$370 per month), and Beijing has the highest hourly minimum wage (RMB 26. The latest forecast for total salary increase in 2025 ranges from 3. In addition, around 46% of companies in India project that their salary increase budgets for 2025 will be similar to 2024, while 28% say that the budgets are likely to be Nov 28, 2021 · According to the July 2021 currency rate, the average monthly pay in China is 29,300 Yuan (Chinese Yuan), which equates to USD 4,534 (US dollars) each month. Hence, while salary increments will increase next year, real salary increase will be nominal across the board, with the exception of Mainland China, India and Vietnam. With quarterly updates, you can be sure that you always have the latest insights and trends at your fingertips when making decisions. 8%). The government is now paying citizens directly, in the form of public officials, to consume Dec 12, 2023 · ManpowerGroup Greater China interviewed 525 Hong Kong employers, and found that the construction sector is poised to lead with an average salary growth of 4. 2021: 96,000 Dec 31, 2024 · The percentage increases varied depending on the base salary, with one of the people saying it amounted to a raise of roughly 5%. 3% (75th percentile), with a median of 4. 7% lower than the 2024 forecast made in the previous year. May 31, 2023 · Top salary-earning professional activities in Morocco 2023; The most important statistics. 6% expect a decrease. 6%), China (5%) and Thailand (5%) are also projected to maintain a strong salary increase for next year. 1% salary budget increase this year, and organizations are projecting 2025 to be similar (5%). 7% experienced a pay freeze while 34. China expects to see second largest real salary increase in Asia in 2022, and third globally. 2024 China Market Salary Growth Forecast. Review the Results: Analyze the calculated figures to understand the impact of the pay rise on your earnings. 中国薪资增长报告旨在帮助企业了解经济环境如何对劳动力的薪资增长产生影响，所在组织是否需要根据员工的职业等级调整薪资增长，目前提供的涨薪幅度是否高于或低于类似行业或区域市场的涨幅，以及哪些市场正在经历薪资增长的最大变化，帮助企业对标所在市场薪资增长水平，更合理地做好 Jan 28, 2022 · As graduation nears, university students look at company profiles and available positions at a job fair in Nanjing, Jiangsu province, on May 16, 2021. Overview of Average Salary in China. A pulse survey conducted in September 2022 also revealed that around two-thirds of the companies in Asia Pacific did not take measures to assist their employees in countering Dec 31, 2024 · China last publicly hiked civil servants’ wages in 2015, when some 40 million staffers got an average lift of 300 yuan per month. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Apr 30, 2025 · More than 70 percent of employees in China reported their salaries were raised in the past year, though half of these people gained less than 10 percent on their previous level of pay, a survey launched by YiMagazine revealed on Friday. 0% of companies based in Singapore will implement a pay freeze in 2022, significantly down from the 22. ⚫ Of the employees covered, 65. salary increase, the highest in Salary Outlook. 2022 Budget Source: Aon’s Salary Increase and Turnover Study 6 First Edition, May 2022 *All data represented is the median (50th percentile) and undiluted (excluding zeros) Jan 20, 2022 · As for employees in China, they can expect a salary increase of 6% - a 0. The China Pay Rise Calculator for 2021 is an invaluable tool for The average Warehouse Worker salary in China is ¥73,171 as of April 16, 2021, but the range typically falls between ¥44,020 and ¥123,351. Download the 2021 China Salary Guide now to gain insights into: - The hiring outlook by industries in China - National salary trends by specialist area and/or sectors Jan 3, 2025 · Civil servants and public institution employees in China received three salary adjustments in 2015, 2018 and 2021. However, in countries where inflation is particularly low, employees may see an increase in their real pay—the UK is a good example. 0%) and China (3. The average Information Technology Manager salary in China is ¥357,985 as of April 16, 2021, but the range typically falls between ¥228,645 and ¥603,419. Jan 31, 2025 · However, during the high-inflation years of 2021 and 2022, the numbers were flipped, with inflation rising higher than salary increases. The Global Compensation Planning Report gives you insights into salary increase budgets, frequency of salary increases, economic trends and indicators, promotional increases and more from locations around the world. salaries were also boosted in 2018 and 2021, but the Jan 7, 2025 · China's last publicly announced wage increase for civil servants was in 2015, when some 40 million civil servants received a raise of about 300 yuan, which was worth $48 at the time, according to employers’ retention actions and the relatively higher average salary increment of 13% received after a salary review in 2022. nginx May 24, 2022 · In 2021, the average annual wage of urban non-private sector employees in China was 106,837 yuan, an increase of 9,458 yuan over the previous year, a nominal increase of [1] 9. that salaries were also boosted in 2018 and 2021, but 301 Moved Permanently. [refer to the graph on top for the full table on projections and actuals] Aug 8, 2024 · Salary budget increases in China reflect the economic stabilization underway throughout the country, according to the WTW Salary Budget Planning Report – July edition. 6% offered a pay increase, while 1% administered a pay decrease this year. 9 percent, and the growth rate was 1. But due to inflation falling faster than nominal salary increases in the past year across many countries, employees (and employers) will be pleased to hear that ECA’s latest Salary Trends Survey supports a more positive outlook, with a return to real-terms salary growth seen Dec 31, 2024 · China has awarded a range of civil servants across the nation their first significant pay rise in years, according to people familiar with the matter, as policymakers try to boost morale and spur According to the 2022 Hays Asia Salary Guide, in Mainland China, 44% of companies expect to provide employees with a salary increase of 3% to 6% in 2022, up 5% from 2021. salaries were also boosted in 2018 and 2021, but the Sep 3, 2024 · Local HR giant Zhaopin regularly releases salary data for cities across China. The above photo shows the top 38 cities’ average and median salary levels in Q2 2024. 3. 5%), the Philippines (5. 6% in 2023, making it the third-highest globally and the second-highest in the region. Looking ahead to 2025, the projection suggests a 5% increase across the board. One thing that stands out is that China is the only major country in the world with a growth rate of 2. Oct 26, 2022 · “Only around a third (37%) of the countries surveyed are forecast to see real-terms salary increase, though this is better than the 22% that experienced increases this year. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Aug 15, 2023 · Average annual salary by region. Workers in Singapore and Taiwan are predicted to see bigger salary increases in 2022, both forecast to see increases of 3. Why the China Pay Rise Calculator 2021 is a Useful Tool. 下载2025年瀚纳仕亚洲薪酬指南，获取各行业最新薪酬情况、招聘趋势以及关键热门技能。通过为雇主和职场人士量身定制的专家洞察，在充满活力的就业市场中保持竞争力。 Dec 31, 2024 · The percentage increases varied depending on the base salary, with one of the people saying it amounted to a raise of roughly 5%. R espondents from the Chinese Mainland also expect prospective new employers to offer a reasonably high salary [increment]. With Inflation on the Rise, the Latest Salary Data Reflects Higher Than Normal Increases Figure 1 – Median Overall Salary Increase Budget: 2021 Actual vs. Hong Kong workers expected to see higher salary increase in 2024 Dec 12, 2024 · Recent years have seen salary increases for locally-employed staff struggling to keep pace with spiking inflation. Full-time workers in Mainland China on average make ¥29,300 a month, equating to ¥351,600 a year (pre-tax). Jan 4, 2025 · They said the amount, ranging from 300 to 500 yuan (US$41 to US$69), would be effective before the holiday, also known as the Spring Festival, which this year falls on January 29. 5% compared to 0. This year, all industries combined saw a salary budget increase of 5. 1 percentage points higher than that in 2020. 6%, and those in the Philippines 5. Total salary refers to annual budgeted amount for employee salary increases, including promotional increases, adjustments for inflation, mandatory increases, indexation and merit increases. 0% in nominal terms in 2024, consistent with the rate in 2023. 5%, but with inflation at only 0. HAYS RECOMMENDATIONS. The adjustments were part of China's latest move to improve people's well-being and increase personal incomes through multiple channels. AHK Greater China, Average annual wage growth in China from 2010 to 2021 Statista, https://www Wages in China increased to 120698 CNY/Year in 2023 from 114029 CNY/Year in 2022. Shenzhen’s median salary here is ¥10,378 RMB ($1,457 USD)/month. 7 percent, and the growth rate was 2. However some employment sectors will experience much lower wage increases Nov 16, 2021 · However, when compared to the salary increases seen in other Asian nations, Hong Kong still lags behind many of its neighbours. ” Top ten forecast real salary increases – Asia Pacific January to August 2021, the real base pay adjustment hit -0. 4%, the first time it dipped below 0% in 10 years. 2 percentage points higher than that in 2020. Sue Wei. 4%, the 2021 ‘real’ increase is at 1. The average CEO salary in China is ¥1,005,386 as of April 16, 2021, Patient Care skills boost pay by a 1%. While social media discussions have hinted at similar boosts in 2018 and 2021, those adjustments were never officially confirmed, and their scope remains unclear. 9%, significantly lower than last year’s planned increase of 2. expect their bonus to increase year-on-year in 2024. 08 . 23% of companies plan to provide a salary increase of more than 6%, up 6% from last year. [Photo by Yang Suping/For China Daily] More The calculator will then display your new salary, both annually and monthly, along with the increase amount. Dec 31, 2024 · China has awarded a range of civil servants across the nation their first significant pay rise in years, according to people familiar with the matter, as policymakers try to boost morale and spur spending. Mar 21, 2024 · KPMG’s eighth annual Executive Salary Outlook analyses a survey of 1,103 business executives and professionals across six sectors to take a measure of the employment market in the Chinese Mainland and Hong Kong (SAR). In stark contrast to Mainland China, employers in Hong Kong (41%), Japan (47%) and Aug 9, 2024 · This economic stabilization is reflected in salary budget increases across industries in China, according to the WTW Salary Budget Planning Report – July edition. Jan 1, 2025 · The percentage increases varied depending on the base salary, with one of the people saying it amounted to a raise of roughly 5 per cent. Projections for 2024 anticipate a real salary increase of 4. 0% that put in a pay freeze this year. 3% was provided The average salary in Mainland China is above ¥350,000. average bonus paid in 2023. 6%), Indonesia (6. 27% expect a decrease. Every industry saw a 5. Eastern China, a broad regional designation that includes 11 provinces and municipalities, including Beijing, Tianjin, Shanghai, Zhejiang, and Guangdong, unsurprisingly reported the highest annual average salary in 2022, with private employees earning an average of RMB 72,965 (approx . The average Manufacturing Director salary in China is ¥629,578 as of April 16, 2021, but the range typically falls between ¥484,649 and ¥749,953. 4 percent, followed by the food and beverage sector, which is expected to see an average wage rise of 4. 5% (25th percentile) to 4. Jan 23, 2025 · Explore average salaries for locals and expats in China in 2025. Here are the industries that saw the greatest—and smallest—pay bumps in The average Machine Operator I salary in China is ¥28,765 as of April 16, 2021, but the range typically falls between ¥24,534 and ¥34,642. By 2023, salary increases again outpaced inflation Oct 15, 2024 · Markets such as Vietnam (7. 4% difference compared to 2021. Learn about salary trends and tips to navigate the evolving job market effectively. On 20 September 2024, Mercer Consulting released its 2024-2025 China Market Overall Compensation Research. 4/US$3. months. The Michael Page Salary Guide 2025 offers a detailed look into the Chinese Mainland job market, highlighting salary trends across various industries. 1%. Shenzhen comes in at the #3 spot again with an average monthly salary of ¥12,799 RMB ($1,796 USD)/month. The average Advertising Manager salary in China is ¥205,435 as of April 16, 2021, but the range typically falls between ¥100,766 and ¥311,706. 5%, this leaves workers with a real salary increase of 2. The average Human Resources Director salary in China is ¥546,219 as of April 16, 2021, but the range typically falls between ¥318,063 and ¥829,815. Even PowerPoint can result in a 1% salary increase. Nov 7, 2023 · Consequently, the average salary increases in China in real terms stand at 4. Mar 20, 2025 · Read on to learn the key things you need to know about the average salary in China. 7 per hour). The eastern region has the highest annual salary and growth rate at 124,019 yuan (10. This article reviews how have market conditions, company performance and government subsidies impacted salary increase and bonus pay-out in 2021. Headcount Outlook. Dec 31, 2024 · China last publicly hiked civil servants’ wages in 2015, when some 40 million staffers got an average lift of 300 yuan per month. The biggest gap will be felt in China and Malaysia, where the bulk of employees expect more than a 10% increase although employers are only planning for increases between 3-6%. 70%. Jun 23, 2021 · With monthly minimum wage hikes of up to 200 yuan, analysts believe the adjustments will also contribute to the average salary growth of Chinese workers. 8%”. lasmkalikpwakyduztcyrtjzsicizdoocptllzkvfjtgfhws