China White-collar Average Salary Went Up in the Third Quarter of 2017 [1]
BEIJING, Oct. 19, 2017 /PRNewswire/ -- Zhaopin Limited ("Zhaopin" or the "Company"), a leading career platform[2] in China focused on connecting users with relevant job opportunities through their career lifecycle, released its 2017 third-quarter report on China labor market supply and demand for white-collar workers. While the competition for jobs continued to ease in the third quarter, the average monthly salary for white-collar workers went up to reach RMB7,599, representing a 3% increase over the previous quarter.
Third-Quarter of 2017 China White-Collar Labor Market Highlights:
-- The average monthly salary reached RMB7,599 in the third quarter of
2017, up 3% over the second quarter.
-- The overall economy was picking up in the third quarter, and emerging
first-tier cities were offering higher salaries and subsidies to attract
more talent, which pushed up the average monthly salary for white-collar
workers in China.
-- Beijing continued to be the city with the highest pay in the third
quarter of 2017, with an average monthly salary of RMB9,900, up from
RMB9,791 in the second quarter.
-- Competition for jobs among white-collar workers continued to ease in the
third quarter of 2017, with an average of 30.4 applications per job
vacancy, down from 35.8 applications in the second quarter.
-- Online games returned to the top as the most competitive sector for job
seekers in the third quarter of 2017, with 50.0 applications per
vacancy.
-- The most competitive occupation in the third quarter of 2017 was
software/internet development/system integration with 101.2 applications
per vacancy.
Salaries going up slightly
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly salary in the third quarter of 2017 was RMB7,599, up 3% over the second quarter. The overall economy was picking up in the third quarter, and emerging first-tier cities were offering higher salaries and subsidies to attract more talent, which pushed up the average monthly salary for white-collar workers in China.
Average monthly salary for white-collar workers
-----------------------------------------------
Quarter Average salary (RMB) Change over previous
quarter
------- ------------------- --------------------
Q3 2016 7,531 4.1%
------- ----- ---
Q4 2016 7,606 1.0%
------- ----- ---
Q1 2017 7,665 0.8%
------- ----- ---
Q2 2017 7,376 - 3.8%
------- ----- -----
Q3 2017 7,599 3.0%
------- ----- ---
Among job postings in the third quarter of 2017, 32.6% of positions offered monthly salaries between RMB4,001 and 6,000, and 27.6% offered monthly salaries of more than RMB8,000. About 21% of positions offered monthly salaries between RMB6,001 and 8,000.
Breakdown of positions by monthly salaries in the
third quarter of 2017
-------------------------------------------------
Salary (RMB) Percentage of positions
----------- -----------------------
Over 8,000 27.6 %
---------- -----
6,001 to 8,000 21.0%
-------------- ----
4,001 to 6,000 32.6%
-------------- ----
2,001 to 4,000 18.0%
-------------- ----
Below 2,000 0.8%
----------- ---
Beijing continued to be the city with the highest pay in the third quarter of 2017, with an average monthly salary of RMB9,900, up from RMB9,791 in the second quarter. Ningbo climbed to 5(th) in the ranking with an average monthly salary of RMB7,843 in the third quarter, and Haikou jumped to 7(th) from 13(th) with an average monthly salary of RMB7,722. Both cities were making efforts to lure talents with attractive packages.
Average monthly salary for cities in the third quarter of 2017
--------------------------------------------------------------
Ranking City Average monthly salary Ranking City Average monthly salary
(RMB) (RMB)
------- ---- ---------------------- ------- ---- ----------------------
1 Beijing 9,900 20 Wuxi 7,003
--- ------- ----- --- ---- -----
2 Shanghai 9,365 21 Wuhan 6,992
--- -------- ----- --- ----- -----
3 Shenzhen 8,666 22 Chengdu 6,910
--- -------- ----- --- ------- -----
4 Hangzhou 8,301 23 Nanchang 6,829
--- -------- ----- --- -------- -----
5 Ningbo 7,843 24 Changsha 6,822
--- ------ ----- --- -------- -----
6 Guangzhou 7,776 25 Jinan 6,783
--- --------- ----- --- ----- -----
7 Haikou 7,722 26 Hefei 6,762
--- ------ ----- --- ----- -----
8 Dongguan 7,692 27 Tianjin 6,760
--- -------- ----- --- ------- -----
9 Foshan 7,596 28 Qingdao 6,665
--- ------ ----- --- ------- -----
10 Urumqi 7,595 29 Dalian 6,598
--- ------ ----- --- ------ -----
11 Nanning 7,469 30 Zhengzhou 6,578
--- ------- ----- --- --------- -----
12 Nanjing 7,441 31 Yantai 6,437
--- ------- ----- --- ------ -----
13 Suzhou 7,346 32 Shijiazhuang 6,423
--- ------ ----- --- ------------ -----
14 Xiamen 7,335 33 Taiyuan 6,284
--- ------ ----- --- ------- -----
15 Guiyang 7,324 34 Xi'an 6,201
--- ------- ----- --- ----- -----
16 Kunming 7,196 35 Changchun 6,086
--- ------- ----- --- --------- -----
17 Chongqing 7,183 36 Shenyang 6,028
--- --------- ----- --- -------- -----
18 Lanzhou 7,159 37 Harbin 6,004
--- ------- ----- --- ------ -----
19 Fuzhou 7,015
--- ------ -----
The best-paying sector in the third quarter of 2017 continued to be professional services/consulting (finance and accounting, legal and Human Resources, etc.) with an average monthly salary of RMB10,187, followed by RMB9,703 for funds/securities/futures/investment and RMB9,336 for academic/R&D.
Top 10 highest paid sectors in the third quarter of 2017
--------------------------------------------------------
Sector Average monthly salary
(RMB)
------ -----------------------
Professional service/consulting (finance and accounting, legal
and HR, etc.) 10,187
-------------------------------------------------------------- ------
Funds/securities/futures/investment 9,703
----------------------------------- -----
Academic/R&D 9,336
------------ -----
Energy/mineral/mining/smelting 9,233
------------------------------ -----
Intermediary service 9,225
-------------------- -----
Cross-industry operation 9,191
------------------------ -----
Trust/warrant/auction/pawn 8,657
-------------------------- -----
Real estate/construction/building materials/engineering 8,540
------------------------------------------------------- -----
Banking 8,482
------- -----
Traffic/transportation 8,373
---------------------- -----
The top three occupations with the highest monthly salaries in the third quarter of 2017 were senior management (RMB20,019), IT management/project coordination (RMB14,127) and securities/futures/investment management/service (RMB11,690).
Top 10 highest paid occupations in the third quarter of 2017
------------------------------------------------------------
Occupation Average monthly salary
(RMB)
---------- -----------------------
Senior management 20,019
----------------- ------
IT management/project coordination 14,127
---------------------------------- ------
Securities/futures/investment
management/service 11,690
----------------------------- ------
Sales management 10,961
---------------- ------
Real estate development/broker/agency 10,410
------------------------------------- ------
Software/internet development/system
integration 9,828
------------------------------------ -----
Project management/project coordination 9,711
--------------------------------------- -----
Hardware development 9,386
-------------------- -----
Banking 9,313
------- -----
law/legal/compliance 9,252
-------------------- -----
Wholly foreign-owned enterprises offered the highest average monthly salary of RMB8,286 in the third quarter, followed by RMB8,163 for joint ventures and RMB8,080 for public companies.
Average monthly salaries from different types of
companies
in the third quarter of 2017
----------------------------
Type of Company Average monthly salary
(RMB)
--------------- -----------------------
Wholly foreign-owned
enterprises 8,286
-------------------- -----
Joint ventures 8,163
-------------- -----
Public companies 8,080
---------------- -----
Public institutions 8,037
------------------- -----
State-owned enterprises 7,968
----------------------- -----
Private companies 7,357
----------------- -----
Larger companies offered higher salaries in the third quarter. Small and micro-sized companies were not competitive to attract talent.
Average monthly salaries for companies of different
sizes
in the third quarter of 2017
----------------------------
Size of company by employee Average monthly salary
numbers (RMB)
--------------------------- ----------------------
Below 20 6,977
-------- -----
20-99 7,352
----- -----
100-499 7,445
------- -----
500-999 7,776
------- -----
1,000-9,999 8,227
----------- -----
Above 10,000 8,189
------------ -----
Job market competition easing for white-collar workers
Zhaopin publishes the quarterly competitive index for the labor market based on data collected from its online platform. The competitive index is calculated based on the number of resume applications divided by the number of job vacancies. For the third quarter of 2017, the competitive index was 30.4, which means there were an average of 30.4 applications per job vacancy, down from 35.8 in the second quarter of 2017.
Compared with the previous four quarters, the job market competition for white-collar workers continued to ease in the third quarter of 2017. Autumn is traditionally a slow season for job hopping, and white-collar workers were more cautious in seeking new opportunities.
Competitive index
-----------------
Quarter Competitive index
------- -----------------
Q3 2016 37.8
------- ----
Q4 2016 40.3
------- ----
Q1 2017 44.6
------- ----
Q2 2017 35.8
------- ----
Q3 2017 30.4
------- ----
(Competitive index = number of applications/number of job vacancies)
Beijing was by far the most competitive city for white-collar workers, with a competitive index of 82.4 in the third quarter of 2017, down from 89.9 in the second quarter of 2017.
Competitive index for cities in the third quarter of 2017
---------------------------------------------------------
Ranking City Index Ranking City Index
------- ---- ----- ------- ---- -----
1 Beijing 82.4 20 Wuhan 19.1
--- ------- ---- --- ----- ----
2 Shenzhen 39.7 21 Qingdao 19.0
--- -------- ---- --- ------- ----
3 Shenyang 39.3 22 Guiyang 17.9
--- -------- ---- --- ------- ----
4 Chengdu 37.8 23 Zhengzhou 17.1
--- ------- ---- --- --------- ----
5 Shanghai 37.4 24 Kunming 17.1
--- -------- ---- --- ------- ----
6 Tianjin 31.5 25 Shijiazhuang 16.4
--- ------- ---- --- ------------ ----
7 Dalian 30.8 26 Jinan 16.0
--- ------ ---- --- ----- ----
8 Xi'an 27.7 27 Urumqi 14.0
--- ----- ---- --- ------ ----
9 Guangzhou 26.3 28 Yantai 13.6
--- --------- ---- --- ------ ----
10 Changchun 24.7 29 Wuxi 13.5
--- --------- ---- --- ---- ----
11 Harbin 23.7 30 Hefei 12.6
--- ------ ---- --- ----- ----
12 Changsha 20.9 31 Nanchang 11.3
--- -------- ---- --- -------- ----
13 Nanjing 20.8 32 Nanning 11.2
--- ------- ---- --- ------- ----
14 Chongqing 20.7 33 Fuzhou 10.0
--- --------- ---- --- ------ ----
15 Suzhou 20.3 34 Dongguan 9.6
--- ------ ---- --- -------- ---
16 Lanzhou 20.3 35 Xiamen 9.4
--- ------- ---- --- ------ ---
17 Taiyuan 20.2 36 Foshan 9.1
--- ------- ---- --- ------ ---
18 Haikou 19.7 37 Ningbo 7.7
--- ------ ---- --- ------ ---
19 Hangzhou 19.2
--- -------- ----
Competitive index = number of applications/number of job vacancies
------------------------------------------------------------------
First-tier cities (Beijing, Shanghai, Shenzhen and Guangzhou) continued to be the top four cities with the highest job demand in the third quarter of 2017. Emerging first-tier cities, including Chengdu, Hangzhou, Nanjing and Xi'an, were also among the top ten cities with the highest job demand.
Top ten cities with the highest job demand
in the third quarter of 2017
----------------------------
Ranking City
------- ----
1 Beijing
--- -------
2 Shanghai
--- --------
3 Shenzhen
--- --------
4 Guangzhou
--- ---------
5 Zhengzhou
--- ---------
6 Chengdu
--- -------
7 Hangzhou
--- --------
8 Xi'an
--- -----
9 Nanjing
--- -------
10 Wuhan
--- -----
Eight of the top ten cities with most job applications in the third quarter of 2017 were also cities with the highest job demand, indicating that these cities with high job demand were also attracting job seekers.
Top ten cities with most job applications
in the third quarter of 2017
----------------------------
Ranking City
------- ----
1 Beijing
--- -------
2 Shanghai
--- --------
3 Shenzhen
--- --------
4 Chengdu
--- -------
5 Guangzhou
--- ---------
6 Tianjin
--- -------
7 Xi'an
--- -----
8 Zhengzhou
--- ---------
9 Hangzhou
--- --------
10 Shenyang
--- --------
In terms of employer size, companies with 1,000 to 9,999 employees were the most competitive for job seekers, with an index of 39.7, followed by 34.1 for companies over 10,000 employees. The competition for positions in small and micro-sized companies was relatively low due to low brand recognition.
Competitve index for different size companies
in the third quarter of 2017
----------------------------
Size of Company by employee
numbers Index
--------------------------- -----
Below 20 20.2
-------- ----
20-99 26.2
----- ----
100-499 31.1
------- ----
500-999 32.8
------- ----
1,000-9,999 39.7
----------- ----
Over 10,000 34.1
----------- ----
Supply and demand by sector
In the third quarter of 2017, the internet/e-commerce sector continued to top the list with the most job vacancies, followed by real estate/construction/building materials/engineering and education/training/college sectors.
Top ten sectors with the highest job demand in the third quarter of 2017
------------------------------------------------------------------------
Ranking Sector
------- ------
1 Internet/e-commerce
--- -------------------
2 Real estate/construction/building materials/engineering
--- -------------------------------------------------------
3 Education/training/college
--- --------------------------
4 Funds/securities/futures/investment
--- -----------------------------------
5 Computer software
--- -----------------
6 Professional service/consulting (finance and accounting, legal and HR, etc.)
--- ----------------------------------------------------------------------------
7 Trade/export and import
--- -----------------------
8 FMCG (food, drinks, alcohol and tobacco, and chemicals for daily use)
--- --------------------------------------------------------------------
9 IT services (system/data/maintenance)
--- -------------------------------------
10 Home furnishing/interior design/decoration
--- ------------------------------------------
Online games returned to the top as the most competitive sector for job seekers in the third quarter of 2017, with 50 applications per vacancy. The competitive index for most sectors declined in the third quarter of 2017 from the previous quarter.
Top ten most competitive sectors in the third quarter of 2017
-------------------------------------------------------------
Ranking Sector Index Ranking in previous
quarter
------- ------ ----- -------------------
1 Online games 50.0 2
--- ------------ ---- ---
2 IT services (system/data/maintenance) 42.8 4
--- ------------------------------------- ---- ---
3 Internet/e-commerce 41.5 8
--- ------------------- ---- ---
4 Real estate/construction/building materials/engineering 41.1 5
--- ------------------------------------------------------- ---- ---
5 Computer software 39.6 7
--- ----------------- ---- ---
6 Telecom/carrier operators/value-added service 39.2 1
--- --------------------------------------------- ---- ---
7 Cross-industry operation 38.7 6
--- ------------------------ ---- ---
8 Aviation/aerospace research and manufacturing 35.0 3
--- --------------------------------------------- ---- ---
9 Funds/securities/futures/investment 34.8 16
--- ----------------------------------- ---- ---
10 Media/publishing/movie and TV/culture communications 34.8 12
--- ---------------------------------------------------- ---- ---
Insurance continued to be the least competitive sector in the third quarter of 2017, with 12.5 applications per vacancy, followed by 15.6 for intermediary service and 17.0 for office supplies and equipment.
Least competitive sectors in the third quarter of 2017
------------------------------------------------------
Sector Index
------ -----
Insurance 12.5
--------- ----
Intermediary service 15.6
-------------------- ----
Office supplies and equipment 17.0
----------------------------- ----
Printing/packaging/papermaking 17.6
------------------------------ ----
Outsourcing service 19.2
------------------- ----
Home furnishing/interior design/decoration 20.5
------------------------------------------ ----
Processing and manufacturing (raw material processing/
mould) 20.6
------------------------------------------------------ ----
Gifts/toys/arts and crafts/collection/luxuries 22.6
---------------------------------------------- ----
Trust/warrant/auction/pawn 22.7
-------------------------- ----
Banking 22.8
------- ----
The sectors with the most job applications in the third quarter of 2017 included internet/e-commerce, computer software and real estate/construction/building materials/engineering.
Top ten sectors with the most job applications in the third quarter of 2017
---------------------------------------------------------------------------
Ranking Sector
------- ------
1 Internet/e-commerce
--- -------------------
2 Computer software
--- -----------------
3 Real estate/construction/building materials/engineering
--- -------------------------------------------------------
4 Funds/securities/futures/investment
--- -----------------------------------
5 Education/training/college
--- --------------------------
6 IT services (system/data/maintenance)
--- -------------------------------------
7 Professional service/consulting (finance and accounting, legal and HR, etc.)
--- ----------------------------------------------------------------------------
8 FMCG (food, drinks, alcohol and tobacco, and chemicals for daily use)
--- --------------------------------------------------------------------
9 Media/publishing/movie and TV/culture communications
--- ----------------------------------------------------
10 Trade/export and import
--- -----------------------
Supply and demand by occupation
The top occupations with the most vacancies for white collar workers in the third quarter of 2017 were almost the same as in the second quarter of 2017, including sales, administration/logistics/secretary, and software/internet development/system integration.
Top ten occupations with the highest job demand in the third quarter of 2017
----------------------------------------------------------------------------
Ranking Occupation
------- ----------
1 Sales
--- -----
2 Administration/logistics/secretary
--- ----------------------------------
3 Software/internet development/system integration
--- ------------------------------------------------
4 Sales management
--- ----------------
5 Education/training
--- ------------------
6 Finance/auditing/tax
--- --------------------
7 Customer service/pre-sales and after-sales support
--- --------------------------------------------------
8 Human resources
--- ---------------
9 Civil engineering/construction/decoration/municipal engineering
--- ---------------------------------------------------------------
10 Internet products/operation management
--- --------------------------------------
The most competitive occupation in the third quarter of 2017 was software/internet development/system integration with 101.2 applications per vacancy, followed by 87.1 for IT quality management/testing/configuration management, and 59.3 for senior management.
Top 10 most competitive occupations in the third quarter of 2017
----------------------------------------------------------------
Ranking Occupation Index Ranking in previous
quarter
------- ---------- ----- -------------------
1 Software/internet development/system integration 101.2 1
--- ------------------------------------------------ ----- ---
2 IT quality management/testing/configuration management 87.1 2
--- ------------------------------------------------------ ---- ---
3 Senior management 59.3 5
--- ----------------- ---- ---
4 Transportation services 56.8 4
--- ----------------------- ---- ---
5 Finance/auditing/tax 50.1 3
--- -------------------- ---- ---
6 Human resources 47.0 6
--- --------------- ---- ---
7 Administration/logistics/secretary 41.5 8
--- ---------------------------------- ---- ---
8 Civil engineering/construction/decoration/municipal engineering 38.5 7
--- --------------------------------------------------------------- ---- ---
9 Purchasing/trade 36.1 10
--- ---------------- ---- ---
10 IT operation and maintenance/technical support 36.0 12
--- ---------------------------------------------- ---- ---
The least competitive occupations in the third quarter of 2017 were healthcare/beauty/hairdressing/bodybuilding with 9.7 applications per vacancy, followed by 10.3 for community/residency/housekeeping, and 10.5 for insurance.
Least competitive occupations in the third quarter of 2017
----------------------------------------------------------
Occupation Index
---------- -----
Healthcare/beauty/hairdressing/bodybuilding 9.7
------------------------------------------- ---
Community/residency/housekeeping 10.3
-------------------------------- ----
Insurance 10.5
--------- ----
Mechanic/operator 11.2
----------------- ----
Sales 11.7
----- ----
Cooking/catering/food R&D 11.7
------------------------- ----
Farming/forestry/animal husbandry/fishery 12.3
----------------------------------------- ----
Trust/warrant/auction/pawn 14.8
-------------------------- ----
Hospital/medical care/nursing 15.5
----------------------------- ----
Customer service/pre-sales and after-sales support 16.0
-------------------------------------------------- ----
The top ten occupations with the most job applications in the third quarter of 2017 were almost the same as in the second quarter of 2017.
Top ten occupations with the most job applications in the third quarter of 2017
-------------------------------------------------------------------------------
Ranking Occupation
------- ----------
1 Software/internet development/system integration
--- ------------------------------------------------
2 Finance/auditing/tax
--- --------------------
3 Administration/logistics/secretary
--- ----------------------------------
4 Human resources
--- ---------------
5 Civil engineering/construction/decoration/municipal engineering
--- ---------------------------------------------------------------
6 Sales
--- -----
7 Sales management
--- ----------------
8 Internet product/operation management
--- -------------------------------------
9 Art/design
--- ----------
10 Marketing
--- ---------
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended June 30, 2017, number of registered users as of June 30, 2017 and number of unique customers[3] for the three months ended June 30, 2017. The Company's over 140.0 million registered users include diverse and educated job seekers who are at various stages of their careers and are in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2017, approximately 49.3 million job postings[4] were placed on Zhaopin's platform by 613,083 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.
For more information, please contact:
ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com
[1] This announcement may include
certain statements that are not
descriptions of historical facts,
but are forward-looking statements.
Forward-looking statements can
generally be identified by the use
of forward-looking terminology such
as "will," "should," "may,"
"believes," "expects" or similar
expressions. All of such assumptions
are inherently subject to
uncertainties and contingencies
beyond the Company's control. The
Company does not undertake any
obligation to update any forward-
looking statement, except as
required under applicable law.
[2] Zhaopin's website is the most
popular career platform in China as
measured by average daily unique
visitors in each of the 12 months
ended June 30, 2017, the number of
registered users as of June 30, 2017
and the number of unique customers
for the three months ended June 30,
2017.
[3] A "unique customer" refers to a
customer that purchases the
Company's online recruitment
services during a specified period.
Zhaopin makes adjustments for
multiple purchases by the same
customer to avoid double counting.
Each customer is assigned a unique
identification number in the
Company's information management
system. Affiliates and branches of a
given customer may, under certain
circumstances, be counted as
separate unique customers.
[4] Zhaopin calculates the number of
job postings by counting the number
of newly placed job postings during
each respective period. Job po
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SOURCE Zhaopin Limited
