Sur­vey: Firms to ex­tend hir­ing, in­crease salaries

Shanghai Daily - - METRO - Jia Feis­hang

LO­CAL com­pa­nies will con­tinue to ex­pand their hir­ing ac­tiv­i­ties and raise em­ployee salaries this year, though soar­ing la­bor costs are prov­ing a damp­ener for em­ploy­ers, a sur­vey re­vealed yes­ter­day.

The sur­vey, cov­er­ing nearly 200 in­ter­na­tional en­ter­prises in Shang­hai, found that em­ploy­ers would of­fer an 11.6 per­cent salary in­crease on av­er­age in 2011, or 2 to 3 per­cent­age higher than that of last year.

And the busi­nesses sur­veyed re­ported a strong de­sire to ex­pand, with more than 40 per­cent em­ploy­ers rais­ing the num­ber of their hir­ing posts in the first half of this year and only 3.2 per­cent cut­ting back on hir­ing.

Zhang Xin, a con­sul­tant with the China In­ter­na­tional In­tel­lectech Corp, which con­ducted the sur­vey, told Shang­hai Daily yes­ter­day that the salary in­crease so far this year is big­ger than pre­vi­ous years and the lo­cal job mar­ket is also promis­ing.

“But the big, even un­usual, salary hike and ac­tive hir­ing ac­tiv­i­ties will likely re­sult in soar­ing la­bor costs,” said Zhang.

Ac­cord­ing to the sur­vey, more than 35 per­cent em­ploy­ers said they are al­ready feel­ing the pres­sures brought by ris­ing la­bor costs, es­pe­cially la­bor-in­ten­sive and re­search en­ter­prises.

La­bor-in­ten­sive man­u­fac­tur­ers, which hire a large num­ber of mi­grant work­ers, will see their bud­get bal­loon from next month, af­ter mi­grant work­ers are of­fered the same so­cial in­sur­ance ben­e­fits as lo­cal em­ploy­ees and the money em­ploy­ers pay into the work­ers’ in­sur­ance pool will dou­ble.

As for re­search busi­nesses, they are find­ing it hard to hunt suit­able pro­fes­sion­als, and so they usu­ally have to keep in­creas­ing wages in order to at­tract prospec­tive staff.

Zhang ad­vised em­ploy­ers to pro­vide bet­ter wel­fare ben­e­fits to staff, such as more train­ing op­por­tu­ni­ties and a va­ri­ety of in­surances, which will make them more at­trac­tive and more com­pet­i­tive, be­cause all em­ploy­ers now of­fer higher wages to keep and at­tract good em­ploy­ees.

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