What is the average factory wage in china

As China's economy expanded at breakneck speed, so has pay for employees. But the wage increase has translated to higher costs for companies with assembly lines in China. Many people pursue higher education as a tactic to switch into a higher paying job.

The numbers seem to support this tactic. The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so. Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women?

You deserve a salary increment but you are not sure how to ask. Check our 25 sample Salary Increase Request emails. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase. Listed above are the average annual increase rates for each industry in China for the year Companies within thriving industries tend to provide higher and more frequent raises.

Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region.

These figures tend to change frequently. Factory and Manufacturing is considered to be a low bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course.

The people who get the highest bonuses are usually somehow involved in the revenue generation cycle. The most standard form of bonus where the employee is awarded based on their exceptional performance. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Granted upon achieving an important goal or milestone. These types of bonuses are given without a reason and usually resemble an appreciation token. People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. Employees that are directly involved in generating revenue or profit for the organization.

Their field of expertise usually matches the type of business. Employees that support and facilitate the work of revenue generators.

Their expertise is usually different from that of the core business operations. Shangluo 1, 17 Shandong A Dongying. Zibo 2, 21 B Binzhou. Zaozhuang 1, 19 C Dezhou. Wujyachu 1, 17 C Aksu. Wusu 1, Kuytun 1, Wenzhou 2, 22 B Huzhou. Taizhou 2, 20 C Lishui. The monthly minimum wage is for full-time employment while the hourly minimum wage is for part-time employment. The cities listed in the table are examples and are not exhaustive. The cities given as examples are therefore subject to change.

Hunan, Gansu, Guizhou, and Zhejiang are among the regions most likely to adjust their minimum wages in mid to late , given that they have not done so in the past three years. Chinese regions often opt to increase minimum wages to keep pace with the cost of living increases, so other regions may also adjust their wage standards later this year. That said, might not see many wage increases rolled out due to the coronavirus pandemic, as reducing the financial burden on enterprises and job stabilization will be prioritized.

The reorientation of priorities is also set against the backdrop of an ongoing US-China trade war and an economic slowdown. Regions may opt to freeze local wages in order to maintain their economic competitiveness amid the uncertainty. However, while China is still among the most unequal countries in the world in terms of income inequality, it has made some progress over the past decade. Minimum wages only tell part of the story of labor costs in China.

Moreover, employer social insurance and housing fund obligations add an additional According to the National Bureau of Statistics, in , the migrant worker population in coastal provinces fell by 0. Nevertheless, when other factors like productivity, infrastructure, transportation costs, and access to a massive domestic market are considered, China may still emerge as the more cost-efficient option compared to countries with lower statutory labor costs.

When comparing locations for foreign investment into China, minimum wages are a helpful barometer to gauge labor costs across different regions. From there, identifying industry-specific wage levels, availability of talent, and access to regional incentives offer a more nuanced view of ultimate labor costs within a given region.

The latest version of this article was published on October 28, The article was originally published in November Please contact the firm for assistance in China at china dezshira. We also have partner firms assisting foreign investors in The Philippines , Malaysia , Thailand , Bangladesh.

Since the formulation of the GBA Initiative in , business communities have placed high expectation on the Doing Business in China is designed to introduce the fundamentals of investing in China. Compiled by the Hello Under the current individual income tax system, the threshold to pay tax is RMB 5,, even if all other kinds of deductions are not considered.

Minimum wage in all provinces are still below this number. In this sense, the minimum wages are tax excluded. However, it does include the social insurance contributions paid by the employees. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.

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Already a user? Summary Forecast Stats Download. Wages in Manufacturing in China averaged This page provides - China Average Yearly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Average Yearly Wages in Manufacturing - values, historical data and charts - was last updated on November of Wages in Manufacturing in China is expected to reach In the long-term, the China Average Yearly Wages in Manufacturing is projected to trend around Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.