Salary Studies

Salary Data for 8 of China's Leading Firms - TeamedUp China

Salary Data for 8 of China’s Leading Tech Companies (2024)

/ 2024-05-16

Today we’re breaking down some extensive salary data on some of China’s Top Tech firms! We’ve got a total of 714,568 job data points to refer to today, and so this writer is feeling pretty confident that we’ll pull out some nice insights.  For this coverage, we look at the likes of Tencent, Alibaba, Baidu, Tiktok, JingDong (JD.com), Xiaomi, Huawei, and Meituan.  Our data today comes from one of the largest Chinese Job Platforms, BOSS Zhipin (BOSS直聘). These large platforms seem to have the most relevant and abundant data points when it comes to the modern Chinese job markets. We’ll be sure to include the number of data points we have for each statistic we pull out. We’ll also be updating this annually to keep up with the newest salary data out there – this data was last checked (by a real human!) in May 2024. some quick Preface Notes: 1) These companies are true conglomerates that hire for hundreds of different types of positions, 2) this data is for China-based salaries only – with the largest segment coming from each company’s respective headquarters… Tencent is headquartered in Shenzhen. Alibaba is headquartered in Hangzhou. Baidu is headquartered in Beijing. Tiktok (Douyin / ByteDance) is headquartered in Beijing. JingDong (JD.com) is headquartered in Beijing. Xiaomi is headquartered in Beijing. Huawei is headquartered in Shenzhen. Meituan is headquartered in Beijing.   These locations are all megacities with tens of millions of inhabitants, and command some of the highest salaries in China relative to other cities and regions. So now that we’ve stretched, let’s go on and fully dive into some neat data on Big Tech Salaries in China! 😀 Average Salaries Compared: 8 of China’s Biggest in Tech Data Points We have 714,568 job data points across the 8 companies covered. This breaks down by company as follows: 96,589 (13.52%) for Tencent 155,883 (21.81%) for Alibaba 72,476 (10.14%) for Baidu 33,566 (4.70%) fo Tiktok 9,918 (1.39%) for JingDong 54,341 (7.60%) for Xiaomi 173,099 (24.22%) for Huawei 118,696 (16.61%) for Meituan Average Annual Salary Compared ($ USD) Simple Average of Salaries Across Firms Based on this data set of 714,568 jobs, the simple average of monthly salary across these 8 companies in China is ¥29,074 RMB ($4,033 USD). This equates to an annual salary of ¥348,890 RMB ($48,398 USD). Weighted Average of Salaries Across Firms Based on this same data set of 714,568 jobs, the weighted average of monthly salary across these 8 companies in China is ¥29,533 RMB ($4,096 USD). This equates to an annual salary of ¥354,398 RMB ($49,162 USD). Average Salary by Company: Tencent, Alibaba, Baidu, Tiktok, JingDong, Xiaomi, Huawei, and Meituan 1) Average Salary at Tencent, Company-Wide Based on a data set of 96,589 jobs, the average monthly salary at Tencent in China is ¥36,292 RMB ($5,056 USD). This equates to an annual salary of ¥435,504 RMB ($60,678 USD). Our deeper look at salary at Tencent: Average Salary at Tencent (腾讯) in China (2024). Includes average salaries by function and position types. 2) Average Salary at Alibaba, Company-Wide Based on a data set of 155,883 jobs, the average monthly salary at Alibaba in China is ¥35,210 RMB ($4,895 USD). This equates to an annual salary of ¥422,520 RMB ($58,733 USD). Our deeper look at salary at Alibaba: Average Salary at Alibaba (阿里巴巴) in China (2024). Includes average salaries by function and position types. 3) Average Salary at Baidu, Company-Wide Based on a data set of 72,476 jobs, the average monthly salary at Baidu in China is ¥30,083 RMB ($4,183 USD). This equates to an annual salary of ¥360,996 RMB ($50,190 USD). Our deeper look at salary at Baidu: Average Salary at Baidu (百度) in China (2024). Includes average salaries by function and position types. 4) Average Salary at Tiktok (Douyin 抖音), Company-Wide Based on a data set of 33,566 jobs, the average monthly salary at TikTok in China is ¥31,334 RMB ($4,352 USD). This equates to an annual salary of ¥376,008 RMB ($52,227 USD). Median salary from the data set, highlighted in the graph above, is ¥30,853 RMB ($4,285 USD). Our deeper look at salary at Tiktok: Average Salary at Tiktok (Douyin 抖音) in China (2024). Includes average salaries by function, experience, and position types. 5) Average Salary at JingDong (JD.com), Company-Wide Based on a data set of 9,918 jobs, the average monthly salary at JingDong in China is ¥23,875 RMB ($3,317 USD). This equates to an annual salary of ¥286,500 RMB ($39,805 USD). Our deeper look at salary at JingDong (京东 / JD.com): Average Salary at JingDong (JD.com 京东) in China. Includes average salaries by function, experience, and position types. 6) Average Salary at Xiaomi (小米), Company-Wide Based on a data set of 54,341 jobs, the average monthly salary at Xiaomi in China is ¥28,050 RMB ($3,891 USD). This equates to an annual salary of ¥336,600 RMB ($46,696 USD). Median salary from the data set, highlighted in the graph above, is just slightly lower than the average: ¥28,041 RMB ($3,890 USD). Our deeper look at salary at Xiaomi: Average Salary at Xiaomi (小米) in China (2024). Includes average salaries by function, experience, and position types. 7) Average Salary at Huawei (华为), Company-Wide Based on a data set of 173,099 jobs, the average monthly salary at Huawei in China is ¥26,618 RMB ($3,697 USD). This equates to an annual salary of ¥319,416 RMB ($44,370 USD). Median salary, highlighted in the graph above, is ¥25,832 RMB ($3,588USD) Our deeper look at salary at Huawei: Average Salary at Huawei (华为) in China (2024). Includes average salaries by function, experience, and position types. 8) Average Salary at Meituan, Company-Wide Based on a data set of 118,696 jobs, the average monthly salary at Meituan in China is ¥21,140 RMB ($2,939 USD). This equates to an annual salary of ¥253,680 RMB ($35,269 USD). Our deeper look at salary at Meituan: Average Salary at Meituan (美团) In China (2024). Includes average salaries by function, experience, and position types. …Some Related China Salary Coverage You Might Dig! Average Salary Ranges for

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Tencent Alibaba Baidu - Average Salary Data - TeamedUp China

Average Salary at China’s ‘Big 3’ Tech Firms: Tencent, Alibaba, & Baidu

/ 2024-05-16

Today we’re looking at nearly 325,000 local job data points to pull out and organize some top-line salary info on three of China’s biggest in tech. Our subjects are known as China’s ‘Big 3” tech firms – Tencent (腾讯), Alibaba (阿里巴巴), and Baidu (百度).  Data today comes from one of the largest Chinese Job Platforms, BOSS Zhipin (BOSS直聘). These large platforms seem to have the most relevant and abundant data points when it comes to the modern Chinese job markets. We’ll be sure to include the number of data points we have for each statistic we pull out. We’ll also be updating this annually to keep up with the newest salary data out there – this data was last checked (by a real human!) in March 2024. Things to note: 1) These companies are bonefied conglomerates that hire for hundreds of different types of positions, and 2) this data is for China-based salaries only – with the largest segment coming from each company’s respective headquarters… Tencent is headquartered in Shenzhen. Alibaba is headquartered in Hangzhou. Baidu is headquartered in Beijing. These locations are all megacities with tens of millions of inhabitants, and command some of the highest salaries in China relative to other cities and regions. With that out of the way, let’s dive into some neat data on the average salary at China’s ‘big 3’ tech giants!  Average Salary Compared: Tencent, Alibaba, and Baidu Data Points We have 324,948 job data points across the 3 companies covered. This breaks down by company as follows: 96,589 (29.7%) for Tencent 155,883 (48.0%) for Alibaba 72,476 (22.3%) for Baidu Average Annual Salary at Tencent, Alibaba, and Baidu in China ($ USD) Simple Average of Salaries Across Firms Based on this data set of 324,948 jobs, the simple average of monthly salary across Tencent, Alibaba, and Baidu in China is ¥33,862 RMB ($4,684 USD). This equates to an annual salary of ¥406,340 RMB ($56,217 USD). Weighted Average of Salaries Across Firms Based on this data set of 324,948 jobs, the weighted average of monthly salary across Tencent, Alibaba, and Baidu in China is ¥34,388 RMB ($4,757 USD). This equates to an annual salary of ¥412,656 RMB ($57,090 USD). Average Salary by Company: Tencent, Alibaba, and Baidu Average Salary at Tencent, Company-Wide Based on a data set of 96,589 jobs, the average monthly salary at Tencent in China is ¥36,292 RMB ($5,056 USD). This equates to an annual salary of ¥435,504 RMB ($60,678 USD). Our deeper look at salary at Tencent: Average Salary at Tencent (腾讯) in China (2024). Includes average salaries by function and position types. Average Salary at Alibaba, Company-Wide Based on a data set of 155,883 jobs, the average monthly salary at Alibaba in China is ¥35,210 RMB ($4,895 USD). This equates to an annual salary of ¥422,520 RMB ($58,733 USD). Our deeper look at salary at Alibaba: Average Salary at Alibaba (阿里巴巴) in China (2024). Includes average salaries by function and position types. Average Salary at Baidu, Company-Wide Based on a data set of 72,476 jobs, the average monthly salary at Baidu in China is ¥30,083 RMB ($4,183 USD). This equates to an annual salary of ¥360,996 RMB ($50,190 USD). Our deeper look at salary at Baidu: Average Salary at Baidu (百度) in China (2024). Includes average salaries by function and position types. References The two main sources of data for this series on company job salaries in China are local HR companies BOSS Zhipin and Zhilian Zhaopin. They are both among China’s biggest job portals and have some of the largest amounts of local, first-hand, public data points. It’s important to note that the data most often reflects recruited salaries, or the publicly listed salary information companies advertise on their platforms.  Tencent data used can be found here. Alibaba data used can be found here. Baidu data used can be found here. Further coverage can be found in the Salary Guides section of our Resources area. Hiring in China? We can help, and stay within your budget!  We’ve been recruiting in China since 2014! Our China Candidate Sourcing Pro service helps companies promote across leading Chinese job platforms to hire for roles like these at Tencent, Alibaba, and Baidu. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today. 

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How Much are Recent Chinese Graduates Earning in 2023?

How Much Do Recent Graduates Earn in China? (2023 data)

/ 2024-05-16

What You Will Learn We’re going to break down 2023 data sets from two of China’s largest HR companies: Liepin & 51job. They are both among China’s biggest job portals and have some of the largest amounts of local, first-hand, high-quality data points. It’s important to note that the data reflects recruited salaries, or the publicly listed salary information that companies advertise on their platforms.  For more on China salaries, check out our companion article: Average Salary Ranges for New University Graduates in China. Or review our 2023 Complete Guide to Salaries in China.  Hiring in China? We can help, and stay within your budget!  We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese job platforms at a fraction of the cost of traditional recruiting. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today. 

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Salary Data for Graduate Degree Holders in China

Average Salary Ranges for New Graduate Degree Holders in China

/ 2024-05-16

So how much are China’s Graduate Degree holders earning in 2023? This article will take a look at what Doctorate, Post-Doctorate, and Master’s degree holders are earning in China, and also compare to non-graduate degree holders for good measure. We did a more focused look at undergraduate salaries in China if you’re interested! We’re going to break down 2023 data sets from two of China’s largest HR companies: Liepin & 51job. They are both among China’s biggest job portals and have some of the largest amounts of local, first-hand, high-quality data points. It’s important to note that the data reflects recruited salaries, or the publicly listed salary information that companies advertise on their platforms.  Let’s dive into some data! Average Salary for Graduate Degree Holders in China The average salary in China for new Master’s degree graduates in 2023 was ¥13,087 RMB ($1,832 USD) per month. The average salary in China for new Doctorate degree graduates in 2023 was ¥31,875 RMB ($4,461 USD) per month. Left chart: Growth in Average Salary across all education levels in China. Grey bars: The average monthly salary by Education level in China, countrywide. Orangebars: The average monthly salary by Education level in Beijing. Key Points The average monthly salary for new doctorate degree holders is more than 2x that of Master Degree holders, and more than 3x that of undergraduate degree holders. Adding a master’s degree as an undergraduate degree holder in China, on average, boosts your salary by nearly 80%. Education is highly valued in China and having a validated, focused, high level of it is rewarded highly in the job market. Job Demand by Education Level in China The demand for Doctorate degree holders in China rose 202.1% from 2021-2023. The demand for Master’s degree holders in China rose 142.6% from 2021-2023. The left side of this info set shows education requirements as a percentage of total jobs posted on Liepin’s platform over 3 years. The right side shows the percentage change by education levels over the same timeframe. From 2021-2023: The percentage of job listings requiring a doctorate degree rose from 0.4% to 1.4% (a 202% jump!). The percentage of job listings requiring a master’s degree rose from 2.2% to 6.3% (a 142.6% uptick). The percentage of job listings requiring a bachelor’s degree rose drastically, from 28.8% – 42.9%. This jump in undergraduate requirements coincided with a decrease in jobs posted with technical school requirements (32.2%-24.3%) Most In-Demand Industries for Graduate Degree Holders in China The Medical, IT, and Telecommunications industries have biggest demand for both Doctorate and Master’s degree holders. According to this set of data, the industries with the most demand for Doctorate degree holders are Medical, IT, Telecommunications, Scientific Research, and Machine Learning. The industries with the most demand for Master’s degree holders are Medical, IT, Telecommunications, Finance, and Machine Learning. Communications/Semiconductor. We’re just swapping out the Scientific Research for Finance here (MBAs were included). More from our series on salaries in China: Average Salary Ranges for New University Graduates in China Average Salary in China – Local Data 2023 Average Software Engineer Salary in China: 14 Sources Compared Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Jobs in China (2023) Highest Paying Pharmaceutical Jobs in China (2023) A Guide To The 13th Month Salary Bonus In China Hiring in China? We can help, and stay within your budget!  The TeamedUp China Recruiting Pros are at it again! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Liepin & 51job. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.  References & Further Reading: 51job: https://www.51job.com/ Liepin: https://www.liepin.com/ Zhihu: https://zhuanlan.zhihu.com/p/662462921 Douban: https://www.douban.com/note/851712203/?_i=0206956zzWvVrO The Paper China: https://www.thepaper.cn/newsDetail_forward_23851263

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Salary Data for China's University Graduates in 2023

Average Salary Ranges for New University Graduates in China

/ 2024-05-16

So how much are China’s young and bright college graduates earning in 2023? We’re going to break down 2023 data sets from two of China’s largest HR companies: Liepin & 51job. They are both among China’s biggest job portals and have some of the largest amounts of local, first-hand, high-quality data points. It’s important to note that the data reflects recruited salaries, or the publicly listed salary information that companies advertise on their platforms.  For visual data used, I’ve included the original Chinese versions and also added Google-translated English versions. In case you’re curious, we did a sister article on salary ranges for China’s graduate degree holders. Let’s dive into some data! Average Salary for University Graduates in China, 2021-2023 The average salary for new University graduates in 2023 was ¥10,342 RMB ($1,435 USD) per month. This first set of data above looks two things: Blue line = The average actual monthly salary of new college graduates in China, country-wide, 2021-2023. Orange line = The average expected monthly salary of new college graduates in China, country wide, 2021-2023. Key Points The average monthly salary for the class of 2021 was ¥9,292 yuan ($1,289 USD) per month and for the class of 2023 ¥10,342 RMB ($1,435 USD) per month. The average salary increased 11.3%  (¥1,050) from 2021-2023, but actually dropped slightly between 2022 & 2023. The expected monthly salary of fresh University graduates is lower than the actual salary, which is quite unique! This may be the result of prolonged economic uncertainties in China for the past few years, dating back to 2020. Average Salary for 2023 University Graduates in China, by Industry The average salary in China for Artificial Intelligence (AI) graduates in 2023 topped all professions: ¥18,592 RMB ($2,579 USD) per month. Highest-Paying Industries for China’s College Graduates There are obvious ones on this list like AI and blockchain – it’s no secret that these newer fields need a lot of help to develop. The Elderly Care industry coming in at #3 is interesting and reflects the great demand companies have for assistance and better solutions to take care of China’s aging population.  Average monthly salary by industry:  Artificial Intelligence (AI): ¥18,592 yuan ($2,579 USD) Blockchain: ¥17,467 yuan ($2,423 USD) Elderly Care: ¥16,992 yuan ($2,357 USD) Aviation/Aerospace: ¥16,042 yuan ($2,226 USD) Telecommunications: ¥15,792 yuan ($2,191 USD) Computing Hardware: ¥14,508 yuan ($2,013 USD) Medical Outsourcing: ¥14,175 yuan ($1,967 USD) Semiconductors: ¥14,008 yuan ($1,943 USD) Smart Hardware: ¥13,933 yuan ($1,933 USD) Academic Research: ¥13,708 yuan ($1,902 USD) Medical Technology: ¥13,125 yuan ($1,821 USD) Media & Publishing: ¥13,017 yuan ($1,806USD) Cloud Computing & Big Data: ¥12,975 yuan ($1,800 USD) Vehicle Manufacturing: ¥12,850 yuan ($1,783 USD) Fintech: ¥12,717 yuan ($1,764 USD) New Energy Vehicles (NEV): ¥12,483 yuan ($1,732 USD) Banking: ¥12,458 yuan ($1,728 USD) New Energy (non-vehicle): ¥12,275 yuan ($1,703 USD) Network & Information Security: ¥12,258 yuan ($1,701 USD) Software: ¥11,683 yuan ($1,621 USD) Fastest-Growing Industries for China’s College Graduates The average salary for new graduates in China’s Elderly Care industry nearly doubled between 2021-2023. Salary growth over 3 years 2021-2023: Elderly Care: 88.1% Media & Publishing: 82.7% Medical Outsourcing: 58.5% Blockchain: 49.7% Artificial Intelligence (AI): 47.9% Top 20 Highest-Paying Cities for 2023 University Graduates in China Beijing, Shenzhen, and Shanghai top this list – each with an average of monthly salary of over ¥12,000 yuan ($1,665 USD). Beijing, Shenzhen, Shanghai, and Guangzhou rank as the top four in salary. These 4 China mega-cities accounted for nearly one-third of all new college graduate jobs posted on Liepin in 2023 (32.45%). Hangzhou, Hefei, Nanjing, Xi’an, Suzhou, Wuhan, and Ningbo closed out the top 10, all exceeding an average of ¥10,000 yuan ($1,387 USD).10,342 yuan) per month. Interestingly, while there is a decent amount of correlation, there are some key differences when compared to the general top 10 highest-paying cities in China (this data set included ALL jobs info, not just new University graduate positions).  More from our series on salaries in China: Average Salary in China – Local Data 2023 Average Software Engineer Salary in China: 14 Sources Compared Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Jobs in China (2023) Highest Paying Pharmaceutical Jobs in China (2023) A Guide To The 13th Month Salary Bonus In China Hiring in China? We can help, and stay within your budget!  We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Liepin & 51job. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.  References & Further Reading: 51job: https://www.51job.com/ Liepin: https://www.liepin.com/ Zhihu: https://zhuanlan.zhihu.com/p/662462921 Douban: https://www.douban.com/note/851712203/?_i=0206956zzWvVrO The Paper China: https://www.thepaper.cn/newsDetail_forward_23851263

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13th Month Salary in China

A Guide To The 13th Month Salary Bonus In China

/ 2024-05-16

In China, the concept of a 13th-month salary has become a common and expected practice in the business world. This additional month’s pay is a form of bonus or year-end reward for employees, providing financial relief and motivation during the festive Chinese New Year season. In this article, we will delve into the history, rules, and best practices surrounding the 13th-month salary bonus in China. What is a 13th Monthly Salary Bonus? Let’s get this one out of the way first! The thirteenth salary is an extra payout beyond the regular monthly salary, serving as an annual bonus. Its value is often equivalent to an employee’s monthly salary. Depending on the country, the bonus can be paid as a lump sum or distributed in multiple installments.  It is most commonly a mandatory policy in Central and South America, customary in Western Europe, and a mix throughout Asia. Source: 13th Salary (global) History of the 13-month Salary in China The tradition of a 13th-month salary in China has its roots in international commerce, where it was initially introduced to boost employee morale and loyalty as China industrialized and capitalized throughout the 1990s and 2000s. Over time, this practice made its way into the Chinese business landscape as companies recognized its positive impact on employee engagement and retention. Is a 13th Month Salary Bonus Required in China? While not mandated by law, the 13th-month salary has become a customary practice in many Chinese companies across all industries. It reflects a commitment to employee well-being and serves as a recognition of their hard work throughout the year. Depiction of Caishen (财神), God of Wealth in China.Caishen’s name is often invoked during Chinese New Year celebrations. When is a 13th Monthly Salary Bonus Paid in China? 13th month salary bonuses are traditionally paid out around the Chinese New Year holiday. This is the biggest holiday in Chinese culture and there is a week-long national holiday in China during this time.  International companies still often stick to a globally set time, for example, end-of-year. While this isn’t likely a deal-breaker for Chinese workers, it is important to communicate bonus timings clearly and in advance.  Do Chinese Employees Expect a 13th Monthly Salary Bonus? It’s important to layout that the bonus is… Voluntary in nature: The provision of a 13th-month salary is not legally required in China. Companies choose to adopt this practice voluntarily, and the terms are generally outlined in employment contracts or company policies. Calculated in many ways: The calculation of the 13th-month salary can vary. Some companies provide a full month’s salary as a bonus, while others may use a percentage of the annual salary. Commonly, it is equivalent to one month’s average salary based on the employee’s total earnings during the year. 13th Month Salary vs Other Types of Bonuses in China There are 3 main considerations to take in here: Most other bonuses are considered benefits, while the 13th-month distribution is usually considered, and taxed as, salary. Most bonuses are based on individual or company performance, while the 13th-month salary bonus tends to be fixed regardless of performance. Most other bonuses are not outlined in the main employment contract, but rather in supplementary agreements. The 13th-month salary bonus is often in the salary clause of the main contract. Possible result if M.C. Escher was ever inspired by the topic “Salary Bonuses in China” 13th Month Bonuses in China: Local Company Examples So we’ve learned that it’s widley used, but not required by law. What do industry-leading companies actually do in practice? Let’s take a look at what some domestic giants do when it comes to a 13th-month bonus:  1. Alibaba Group: Bonuses with a Personal Touch Alibaba, one of China’s tech giants, is known for its unique approach to the 13th-month salary. In addition to financial bonuses, Alibaba often includes personalized gifts or experiences for its employees. This personal touch enhances the sense of appreciation and makes the bonus more memorable.  2. Tencent: Performance-Based Rewards Tencent, another major player in the Chinese tech industry, takes a performance-oriented approach to the 13th-month salary. Employees who have demonstrated exceptional performance throughout the year may receive higher bonuses. This strategy not only motivates employees but also aligns with Tencent’s focus on excellence and growth. 3. Huawei: Tailored Rewards for Different Roles Huawei, a global leader in telecommunications, adopts a customized approach to the 13th-month salary. The company tailors bonuses based on the roles and responsibilities of employees. This ensures that the reward is proportionate to individual contributions, fostering a sense of fairness and recognition. 4. Lenovo: Encouraging Team Collaboration Lenovo, a prominent multinational technology company, emphasizes team collaboration in its 13th-month salary strategy. The company often allocates bonuses based on team achievements, fostering a sense of unity and shared success among employees. This approach promotes teamwork and a cooperative work culture. 5. BYD: Early Payouts for Employee Convenience BYD, a leading electric vehicle manufacturer, is known for its employee-friendly approach to the 13th-month salary. The company often disburses bonuses a bit earlier than other companies, allowing employees to better plan and enjoy the festive season. This considerate timing contributes to a positive employee experience. 6. JD.com: Financial Planning Workshops JD.com, one of China’s largest e-commerce companies, goes beyond the monetary aspect of the 13th-month salary. The company provides financial planning workshops or seminars to help employees make informed decisions about managing their bonuses effectively. This holistic approach demonstrates a commitment to employee well-being beyond just financial rewards. 7. Baidu: Creative Bonus Structures Baidu, a leading Chinese tech company, is known for its creative bonus structures. In addition to the traditional 13th-month salary, Baidu sometimes introduces special bonuses tied to specific achievements or milestones. This dynamic approach keeps employees engaged and motivated throughout the year. 8. Haier Group: Flexible Bonus Distribution Haier, a multinational home appliances and consumer electronics company, adopts a flexible approach to bonus distribution. The company may choose to distribute the 13th-month salary in installments throughout the year, providing employees with

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Complete Guide to Salaries in China 2024

Our 2024 Complete Guide to Salaries in China

/ 2024-06-14

And so we’re in the thick of 2024, and boy has it been another interesting one in China! As it comes out of a long COVID winter, China’s business leaders are ‘cautiously optimistic’ about the economy’s near-future growth. We’re thinking it’s a great time to compile the information we’ve amassed on salaries in China throughout 2023 & 2024! 1) Average Salary in China, Country-wide 2) Average Salary in China, by City 3) Fastest Growing Wages in China, by City 4) Highest Paying Job Sectors in China, Country-wide 5) Fastest Growing Wages in China, by Industry 6) Highest Paying Jobs in China, Country-wide 7) Fastest Growing Salaries in China, by Position Hiring in China? We can help. 1) Average Salary in China, Country-wide In Q2 2023, the average salary across 38 Chinese cities was ¥10,266 RMB ($1,430 USD) per month. In Q2 2023, the average recruitment salary of enterprises in 38 Chinese cities was ¥10,266 RMB ($1,430 USD) per month. This average is up 1.6% since Q1 2023, but still down around 0.7% compared to the same time period last year Q2 2022. Breaking it down a bit further: The 25th percentile of recruitment salaries is ¥6,001 RMB ($836 USD)/month, The median is ¥8,001 RMB ($1,115 USD)/month, The 75th percentile is ¥12,001 RMB ($1,672 USD)/month. 2) Average Salary in China by City Shanghai takes the #1 spot in 2023 with an average monthly salary of ¥13,486 RMB ($1,879 USD). Zhaopin monitored 38 core cities across China. Shanghai has held the top spot on this list for quite some time, and comes in at the #1 spot again with an average monthly salary of ¥13,486 RMB ($1,879 USD)/month. Beijing followed with an average monthly salary of ¥13,438 RMB ($1,872 USD)/month. Shenzhen ranked third with an average monthly salary of ¥12,774 RMB ($1,780 USD)/month. Hangzhou, Nanjing, Suzhou, Guangzhou, and Ningbo round out the top 8. We also have median salary data here and can see the median salary of the top 3 cities – Shanghai, Beijing, and Shenzhen – exceeded ¥10,000 RMB ($1,393 USD)/month. It’s also interesting to note that there is a 59% difference in the median salary between the first (Shanghai) and last (Harbin) cities on this list. 3) Fastest Growing Wages in China by City Out of 38 Chinese cities, Wuxi ranked first with salary increasing by 6.1% year-on-year. Here we have the year-on-year salary growth rankings of the 38 Chinese cities. Wuxi ranked first, with salary increasing by 6.1% year-on-year. Lanzhou and Xiamen rounded out the top 3. Suzhou and Ningbo had year-on-year growth rates of 2.1% and 1.6%, respectively, ranking fourth and ninth.  The salary of the Intelligent Manufacturing industry led to the rise in some key cities of the Yangtze River Delta. The monthly salary of enterprises in the electronic technology/semiconductor/integrated circuit industries in Wuxi, Suzhou, and Ningbo increased by 8.6%, 5.8% and 10.7% respectively compared with the same period last year. The instrumentation and industrial automation industries increased by 7.1%, 6.9%, and 15.3% respectively. This points to strong development in the regional Intelligent Manufacturing industry. In addition, cities such as Lanzhou, Xiamen, Kunming, Changchun, and Shijiazhuang also experienced relatively obvious growth rates in this quarter, mainly driven by the recovery of the consumer industry. The average recruitment salary in the fast-moving consumer goods industry increased by 18.3%, 5.8%, 17.7%, 8.8%, and 14.2% respectively compared with the same period last year. 4) Highest Paying Job Sectors in China, Country-wide Coming in at #1 is the Securities & Investments Industry, with an average salary reaching ¥13,737 RMB ($1,912 USD)/month in 2023. Coming in at #1 is the fund/securities/futures/investment industry, with an average salary reaching ¥13,737 RMB ($1,912 USD)/month in Q2 2023. The average salary level of other financial industries such as banking at ¥11,841 RMB ($1,648 USD)/month and insurance at ¥11,269 RMB ($1,568 USD)/month also ranked high. As expected, technology-related industries also fared well here. The electronic technology/semiconductor/integrated circuit industry ranked second, with an average recruitment salary of  ¥12,175 RMB ($1,694 USD)/month. Also in the top ten are computer software, IT services, and computer hardware.  In the Internet & e-commerce industry, the average recruitment salary was ¥10,705 RMB ($1,490 USD)/month. This is a year-on-year decrease of 4% and drops the sector’s ranking out of the top 10, to 16th. Another insight to pull out of this is from two of the top industries: energy/minerals/mining and aviation/aerospace. The average salary of these industries ranks high, but the median salary ranks relatively low – showing that a small number of high-paying jobs drive the overall average salary of the industries.  5) Fastest Growing Wages in China by Industry The average salary in the Semiconductor Industry led the rise in 2023, with a year-on-year increase of 5.9%. The average salary in the electronic technology/semiconductor/integrated circuit industry has continued to rise, with a year-on-year increase of 5.9%. Against the backdrop of an aging population, China’s residents’ demand for medical and medical services is increasing. This demand has led the way for supportive national policies and increased investment in research and development.  Recruitment salaries in industries such as industrial automation, high-tech manufacturing, and new energy continued to rise, with a year-on-year growth rate of more than 3% in the second quarter. 6) Highest Paying Jobs in China, Country-wide Chip Engineers top the list, earning an average monthly salary of ¥26,000 RMB ($3,617 USD)/month. Chip Engineers continue to be the highest-paying occupation, earning an average of ¥26,000 RMB ($3,617 USD)/month.  Next up are Senior Managers and Artificial Intelligence Engineers – earning an average of ¥22,739 RMB ($3,164 USD)/month and ¥21,701 RMB ($3,019 USD)/month respectively. Rounding out the top 10 are: 4) Investment/Finance Managers – ¥16,899 RMB ($2,351 USD)/month 5) Software Developers – ¥16,891 RMB ($2,351 USD)/month 6) Communications & Hardware R&D Professionals – ¥16,507 RMB ($2,230 USD)/month 7) Mobile R&D Professionals – ¥15,646 RMB ($2,177 USD)/month 8) Automotive Electronics Engineers – ¥15,437 RMB ($2,147 USD)/month 9) Securities Brokers – ¥14,498 RMB ($2,017 USD)/month 10) Data Engineers – ¥14,318 RMB ($1,992 USD)/month Other takeaways: Many technical positions

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Overtime in China

Overtime in China: How Much Workers Are Actually Doing

/ 2024-05-16

One of China’s biggest job portals, Liepin (猎聘), recently released a report on ‘Talent Flow and Salary Trend Report for the First Half of 2023’. For reference, the original Chinese name of the report is ‘2023上半年人才流动与薪酬趋势报告’. One interesting section of the report revolves around overtime in China. While many in China have heard of or worked a grinding 9-9-6 schedule, Liepin’s report aimed to shed some light on actual overtime that surveyed workers are doing in 2023. For convenience, I’ve translated the original data into English and posted both the original and English versions here. Let’s take a look and learn a thing or two about OT in China! Nearly 43% Of Chinese Employees Work Overtime Regularly Around 1-2 Hours of Overtime Seems Standard 42.9% of respondents said that they work OT on a regular basis. If we break it down into how much overtime worked, the leading answer by a long shot is 1-2 hours per day.  A relatively small amount of respondents who said they DO work overtime work less than 1 hour per day or more than 3 hours of OT per day (12.9% and 10.6% respectively).  Workers in Top Tier Chinese Cities Do more Overtime About 10% more workers in first and second-tier cities in China work overtime, compared to smaller third and fourth-tier cities. Not a huge surprise here – big cities tend to be more competitive.  Higher-Paid Professionals Work More Overtime About 20% fewer workers making under ¥10,000 RMB ($1,364 USD) have to work regular overtime than their higher-paid counterparts that between ¥10,000-20,000 RMB ($1,364-2,728 USD). Interestingly this trend ends at the top, with the least amount of workers in the highest earning category (¥20,000+ RMB / $2,728+ USD) putting in overtime. Higher earners may be able to explain this because they are often: more experienced, able to get the job done faster/more efficiently, and/or are at a management level that doesn’t require the amount of time-consuming tasks and individual output.  Workers Cite the Current Job Market, Financial & Family Pressures for Doing So Liepin went as far as to ask why respondents work overtime! 62% of respondents cited the current economy and job market. It’s (perceived to be) difficult to land a better job out there now. 51.4% cited financial pressures — buying a house, car, and handling expenses. 48.6% cited parental pressures — the value of giving children a great education is very high in China. Other popular reasons for continuing to work overtime were: great benefits, a belief that overtime is ubiquitous in their industry, and the rising cost of living.  A couple of interesting ‘outliers’ are: 23.5% of OT workers stick with it because they like their company or the company brand. 17.3% of OT workers stick with it because they like their job and mission, how about that!  Hiring in China? We can help, and stay within your budget!  We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Liepin. Contact Us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today. 

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Top 10 Highest Paying Cities in China

Top 10 Highest-Paying Cities in China (2023)

/ 2024-06-14

One of China’s biggest job portals, Zhilian Zhaopin, regularly releases their data on average monthly salaries in China. It’s important to note that the data reflects recruited salaries – the publicly listed salary information that companies advertise on the Zhaopin platform. The data we’re working with today is from the first part of 2023. Let’s dive into these highest-paying cities in China! China’s Highest Paying Cities Two River Deltas of Central and South East China dominate top salary levels China is a BIG country by most measurements, certainly including landmass and population. While there are plenty of regions doing well in China, two river delta regions on the East Coast stand out here. The first is the Yangtze River Delta (YRD) area in the Central Eastern part of the country. With bustling hubs like Shanghai, Hangzhou, Nanjing, Suzhou, and Ningbo, the YRD may be the largest concentration of adjacent metropolitan areas in the world. Next up is the Pearl River Delta to the south. This electric economic zone not only contains Shenzhen, Guangzhou, Zhuhai, and Xiamen… but also includes Hong Kong and Macau. The full region is also referred to as the Guangdong–Hong Kong–Macao Greater Bay Area and has historically been at the forefront of economic development and technological innovation for China.   Top 10 Chinese Cities by Average Salary in 2023: 1) Shanghai 上海: ¥13,486 RMB ($1,879 USD) 2) Beijing 北京: ¥13,438 RMB ($1,872 USD) 3) Shenzhen 深圳: ¥12,774 RMB ($1,780 USD) 4) Hangzhou 杭州: ¥11,796 RMB ($1,608 USD) 5) Nanjing 南京: ¥11,061 RMB ($1,508 USD) 6) Suzhou 苏州: ¥10,933 RMB ($1,491 USD) 7) Guangzhou 广州: ¥10,883 RMB ($1,484 USD) 8) Ningbo 宁波: ¥10,704 RMB ($1,459 USD) 9) Zhuhai 珠海: ¥10,425 RMB ($1,421 USD) 10) Xiamen 厦门: ¥10,403 RMB ($1,418 USD) Top 38 Chinese Cities by Average Salary in 2023: Here’s the full list from Zhaopin in translated English and original Chinese. After getting out of the top 10, we can see more cities from other regions listed. The Central (Wuhan, Hefei, Changsha, Chongqing) and Northeast (Jinan, Qingdao, Tianjin, Dalian, Shijiazhuang, Changchun) regions stand out here. More from this series on salaries in China: Highest Paying Jobs in China – Local Data 2023 Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Pharmaceutical Jobs in China (2023) Average Software Engineer Salary in China – 14 Sources Compared Average Salary Ranges for New University Graduates in China Hiring in China? We can help, and likely lower your hiring costs by over 80% We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Zhilian Zhaopin. Contact Us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member together. 

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Average Software Engineer Salary In China

Average Software Engineer Salary in China: 14 Sources Compared

/ 2024-05-16

We looked at data from 14 leading sources, both local and international, to compare and find out what a reasonable salary range is for a software engineer in one of China’s first-tier cities.  According to data from 14 leading sources: In 2023, the average salary for a software engineer in China was ¥406,549 RMB ($55,938 USD) per year. The median salary was ¥388,000 RMB ($53,386 USD) per year. Infographic: Average Software Engineer Salary in China Red Shades = Local HR Companies Blue = International HR Companies Green = Data Aggregators It’s further interesting to note the big difference in averages once we break down the source type: Local HR companies average salary: ¥206,346 RMB ($28,392 USD) per year. International HR companies average salary: ¥487,500 RMB ($67,076 USD) per year. Data Aggregators average salary: ¥344,750 RMB ($47,435 USD) per year. Observations When we started recruiting for companies in China years ago, we noticed a huge range in recommended and listed salaries for similar roles. This is a first step to quantifying these big, perplexing differences and attempting to make sense of them. Local data sources reflected the lowest average salary for software engineers, as well as most other positions. Data aggregators, as expected, were mostly situated in the middle of the pack. The exception here is Payscale, reflecting salary figures closer to the local China providers.  International data providers have the biggest range among them and are skewed a lot higher than other source types.  Why such a Big Difference in Listed Salaries? Of the 14 sources listed, the lowest average software engineer salary listed is RMB ¥203,000 per year (USD $28,000), and the highest at RMB ¥650,000 per year (USD $89,000) – that’s a range of RMB ¥447,000 per year (USD $61,000). Different Target Audiences Simply put, each company listed put out its data for different reasons and different eyeballs. For example, the international firms releasing this type of information tend to have headhunting and/or executive search arms, and thus target their potential and existing client pool at multinational companies. Different Data Points While some of the salary listings are more generalized than others, all are based on some sort of data collected.  The local sources, Zhilian Zhaopin & Liepin, are pulling from their own sets of data – which happen to be from hundreds of thousands of job listings across their platforms. It’s important to note that their data reflects recruited salaries, or the publicly listed salary information that companies advertise on the platforms, and not the final salary actually received on contract. Actual salaries received may be higher as 1) candidates negotiate, and 2) employers often have internal thresholds and benefits that they can offer above the advertised package. International sources are also likely to be pulling on some of their own data and experience. They are more likely to have higher requirements from clients for things like language (bilingual+ candidates only) and international working experience or education. Furthermore, a large portion of the data that these foreign HR firms have likely comes from larger multinationals (MNCs), which generally pay higher than local Chinese employers. In order to attract great talent in China, foreign companies (and any companies for that matter) are wise to budget a compensation package that is above the industry average.  More from our series on salaries in China: Average Salary in China – Local Data 2023 Top 10 Highest-Paying Cities in China (2023) Average Salary Ranges for New University Graduates in China Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Jobs in China (2023) Highest Paying Pharmaceutical Jobs in China (2023) Hiring in China? We can help, and stay within your budget!  We’ve been recruiting in China since 2014! Hiring in China? We can help, and stay within your budget! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Liepin & Zhilian Zhaopin. Contact Us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.  References & Further Reading: Zhilian Zhaopin: https://zhuanlan.zhihu.com/p/624693425 Liepin: https://www.thepaper.cn/newsDetail_forward_23851263 Payscale: https://www.payscale.com/research/CN/Job=Software_Engineer/Salary/9d44f18e/Shanghai Persol Kelly: https://www.persolkelly.com/salary-guides/ Michael Page: https://www.michaelpage.com.cn/en/salary-report/2023/thank-you-client Glassdoor: https://www.glassdoor.com/Salaries/china-software-engineer-salary-SRCH_IL.0,5_IN48_KO6,23.htm Salary Expert: https://www.salaryexpert.com/salary/job/software-developer/china Economic Research Institute: https://www.erieri.com/salary/job/computer-software-engineer/china JSC Group: https://appcdn.jingsocial.com/upload/material/1679392572/2023%20Hays%20Asia%20Salay%20Guide_CN_EN.pdf Morgan McKinley: https://email-assets.morganmckinley.com/salary-guide/2023/pdfs/china-en-salary-guide-2023.pdf Hays Group: https://appcdn.jingsocial.com/upload/material/1679392572/2023%20Hays%20Asia%20Salay%20Guide_CN_EN.pdf Robert Half: https://www.roberthalf.cn/en/salary-guide/home Robert Walters: https://engage.robertwalters.com/team-salary-benchmark-tool-2023/ Gemini Global: https://gemini-global.com/salary_guides/63ef5c35d4d14China%20Salary%20Guide%20Q1_2023_Final.pdf

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