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China – No year-end bonus for more than half of white-collar workers
By memberservices@staffingindustry.com (Danny Romero)
More than 50% of white-collar workers in China did not get year-end bonuses in 2016, according to a report from Zhaopin Limited, a Chinese career platform.
The report used data from a survey on year-end bonuses at the end of 2016, and more than 11,500 white-collar workers participated. It found that 50.9% of white-collar workers did not get any year-end bonus in 2016, compared with 66% in 2015.
Furthermore, the average year-end bonus for white-collar workers in 2016 was RMB 12,821 (USD 1.858.7), higher than RMB 10,767 (USD 1,560.9) in 2015, but lower than RMB 13,613 (USD 1,973.5) in 2014.
Meanwhile, the finance industry offered the highest average year-end bonus in 2016 at RMB 17,241 (2,499.5), followed by RMB 16,839 (USD 2,441.2) for real estate/construction.
White-collar workers in Beijing received the highest average year-end bonus at RMB 15,846 (USD 2,297.3), this was followed by Shanghai and Shenzhen.
Moreover, nearly 40% of white-collar workers would seek to switch jobs based on year-end bonus considerations.
Source:: Staffing Industry Analysts Daily Newsfeed
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