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back to index backGLOBALtalk July,  2014


Salary Guide Greater China 2013

Kelly Services, a world leader provider of workforce solutions, today launched the bilingual Kelly Services 2013 Salary Guide Greater China, a comprehensive reference tool on the salary trends and job titles in key industries and functions in Greater China. The aim of the annual Salary Guide is to provide strong insights into the salary ranges for professional and technical-level positions in the mid to senior level categories both in Mainland China and Hong Kong.

This bilingual salary guide in Mainland China serves as a valuable tool for employers and job seekers and is divided into 9 different industries: Accounting & Finance, Automotive, Banking & Financial Services, Chemical, Consumer, Healthcare & Life Science, Human Resources, Industrial & Manufacturing, and Information Technology & Telecom.

"We are happy to report that in spite of some concerns, we are not seeing any significant slowdown in the China labor market. In fact, we are finding that in addition to steady demand for resources in tier one cities such as Beijing, Shanghai and Guangzhou, clients are expressing increased interest in expanding their operations all around China," said Nick Lesser, General Manager, Professional & Technical Division, Kelly Services, China Operations, "The salary ranges in our guide are based on actual transactions between employers and employees, and represent an accurate reflection of the marketplace. Market-driven salaries are of course crucial, but only by creating a meaningful employer-of-choice culture is it possible to attract and retain talented staff."

Key findings from the Salary Guide in Mainland China:

-- Accounting & Finance – As the growth of Merger & Acquisition activity, Financial Analysts, Tax Managers, GL Accountants, Due Diligence Analysts and CFO will all be in high demand. Candidates with CPA, ACCA and/or CFA credentials and a proven track record of performance will continue to be popular.

-- Automotive – The positive trends of the U.S. Automotive industry will have a positive effect on the China Automotive industry. China Automotive industry expansion should be steadier than in previous years and is estimated to grow throughout 2013 at about 8-10%. Despite the many new plants being set up in the West of China, R&D, sales, and plant operational positions, are in much less demand compared with last year. R&D roles will be in demand for localization of Manufacturing and product development.

-- Banking & Financial Services – Foreign banks and financial institutions continue to see China as a current investment destination to secure future growth and market share. Candidates with overseas experience across the financial sector will continue to be in demand in 2013.

-- Chemical – The Chemical industry is not experiencing major changes compared to 2012. The business development roles and operations roles in Chemical plants, as well as R&D positions, will stay in high demand.

-- Consumer, Sales & Marketing – Sales & Marketing positions are still the "hot" jobs in FMCG. The fierce level of competition in China has restricted the growth of many organizations to low levels, which results in 5-10% salary increase for employees staying in the same firm and 20-30% for the employees moving companies. In the Retail sector, sales, marketing, merchandising, store management, and operations positions remain in demand, although some headcounts frozen in the Q1 of 2013.

-- Healthcare & Life Science – The Healthcare industry in China is one of the sectors that best withstood the global downturn because of government policy, plus an increase in population size and wealth. Sales and Marketing, Research and Development, and Regulatory Affairs roles will be the "hot" jobs.

-- Human Resources – Professional HR candidates with proven experience across all functions are in demand. The strategic HR/business partner will continue to be the highest profile position in the industry. Candidates who changed positions received a 20%-30% increase in salary and the average increase for candidates remaining with their firms was just over 10%.

-- Industrial & Manufacturing – Due to a soft global economy, salary trends were slightly lower than in other areas of the economy. The key to growth in Manufacturing is the return to a healthy global economy; many local and foreign firms have been growing their internal China market to help balance the difficulties they face internationally. Sales and Marketing positions are the "hot" jobs in this year.

-- Information Technology & Telecom – IT industry is expected to face a shortage of 2-5 million workers in the next ten years, although some company's hiring plans will be frozen in 2013 because of the economic downturn. 3G platform, IOS and e-commerce positions should continue to be in demand.

About Kelly Services China

Kelly Services (NASDAQ: KELYA, KELYB) founded the temporary staffing industry in 1946, and has maintained leadership position through the years based on a valuable premise: Investing in people. Serving clients around the globe, Kelly provides employment to more than 560,000 employees annually. Kelly stepped into China market in 2007. The 7 offices in Greater China provide specialist Professional & Technical recruitment and Recruitment Process Outsourcing. Specializations in recruitment cover Automotive, Chemical, Consumer & FMCG, General Industrial & Manufacturing, Banking & Finance, Accounting, IT&T, Human Resources and other main industries.

To download 47-page report, please click here.

Source: Kelly Services China - GAI




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