Hangzhou white-collar pay rises bucking national trend
Employers in the east China city flying hight on the new economy, wooing employees with generous pay packages
White-collar salaries continued rising in Hangzhou in the second quarter, bucking a declining national trend, as employers in the bustling, hi-tech eastern city relied on new economy businesses to woo staff with more generous pay packages.
The average monthly salary for white collar workers in Hangzhou increased to 7,933 yuan (US$1,171), up 4.3 per cent on the last quarter, making the city the fourth highest paid in the mainland for office staff, up from eighth a quarter ago, according to a report from Zhaopin.com.
The findings were based on online job postings from 37 key Chinese cities, compiled by Zhaopin, one of the nation’s biggest online recruitment websites.
The Hangzhou figures contrasted with a declining trend nationwide which saw average monthly salaries for office workers dropping 3.8 per cent from a quarter ago to 7,376 yuan in the three months ending June, marking the first decline in two years since the hiring website started tracking the data.
Pay levels in Hangzhou are now gradually approaching those in China’s three highest-paid mainland cities – Beijing, Shanghai and Shenzhen – with the city riding high on its status as the country’s most-dynamic e-commerce centre, reported Zhaopin.com, with employers willing to lure the best talent talent with chunkier payslips and more generous benefits packages.
