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China – Average white-collar salary dips 2.1% in Q1

03 April 2018

The average monthly salary for white-collar workers in China fell by 2.1% in the first quarter of 2018 compared to the previous quarter according to Zhaopin Limited’s 2018 report on China’s labour market supply and demand for white-collar workers.

Zhaopin’s report showed that the competition among white-collar workers for jobs intensified in the spring due to an abundant supply in the labour market, as many white-collar workers were actively seeking new jobs after taking their year-end bonuses. This led to their average monthly salary recording a decline during the first quarter to RMB 7,629 (USD 1,213.90). The 2.1% decline marks the first salary decrease recorded since the second quarter of 2017.

Beijing continued to be the city with the highest pay in the first quarter of 2018, with an average monthly salary of RMB 10,197 (USD 1,622.3), slightly down from RMB 10,310 (USD 1,640.3) in the fourth quarter 2017. Among all major cities in the country, Shenzhen and Hangzhou were the only two cities where the average salary went up in the first quarter of 2018.

Among sectors, the Funds/securities/futures/investment sector was the best-paying sector in the first quarter of 2018, while the top occupation with the highest monthly salary in the first quarter of 2018 was senior management.

Zhaopin’s report also showed that competition for jobs among white-collar workers increased in the first quarter of 2018, with an average of 42.8 applications per job vacancy, compared with 31 applications in the fourth quarter of 2017.

Real estate/construction/building materials/engineering continued to be the most competitive sector for job seekers in the first quarter of 2018, with 68.2 applications per vacancy. Meanwhile, the most competitive occupation in the first quarter of 2018 was software/internet development/system integration with 104.8 applications per vacancy. 

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