China White-collar Average Salary Rises Slightly in the Fourth Quarter of 2017
BEIJING, Jan. 15, 2018 /PRNewswire/ -- Zhaopin Limited ("Zhaopin" or the "Company"), a leading career platform in China focused on connecting users with relevant job opportunities through their career lifecycle, released its 2017 fourth-quarter report on China labor market supply and demand for white-collar workers. While the competition for jobs was relatively stable in the fourth quarter, the average monthly salary for white-collar workers went up slightly to reach RMB7,789, representing a 2.5% increase over the previous quarter.
Fourth-Quarter of 2017 China White-Collar Labor Market Highlights:
-- The average monthly salary for white-collar workers reached RMB7,789 in
the fourth quarter of 2017, up 2.5% over the third quarter.
-- Beijing continued to be the city with the highest pay in the fourth
quarter of 2017, with an average monthly salary of RMB10,310, up from
RMB9,900 in the third quarter.
-- Competition for jobs among white-collar workers remained stable in the
fourth quarter of 2017, with an average of 31 applications per job
vacancy, compared with 30.4 applications in the third quarter.
-- Real estate/construction/building materials/engineering became the most
competitive sector for job seekers in the fourth quarter of 2017, with
45.1 applications per vacancy.
-- The most competitive occupation in the fourth quarter of 2017 was
software/internet development/system integration with 93 applications
per vacancy.
Average salary edging up
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly salary for white-collar workers reached RMB7,789 in the fourth quarter of 2017, up 2.5% over the third quarter. As white-collar workers were waiting for annual reviews and year-end bonuses, they had relatively low intention to change jobs in the fourth quarter, and employers had to offer higher salaries to fill urgently needed positions.
Average monthly salary for white-collar workers
-----------------------------------------------
Quarter Average salary Change over
(RMB) previous quarter
--- ---- ----------------
Q4 2016 7,606 1.0%
------- ----- ---
Q1 2017 7,665 0.8%
------- ----- ---
Q2 2017 7,376 - 3.8%
------- ----- -----
Q3 2017 7,599 3.0%
------- ----- ---
Q4 2017 7,789 2.5%
------- ----- ---
Among job postings in the fourth quarter of 2017, 32.6% of positions offered monthly salaries between RMB4,000 and 6,000, and 28.9% offered monthly salaries of more than RMB8,000. About 21.2% of positions offered monthly salaries between RMB6,000 and 8,000.
Breakdown of positions by monthly salaries in the
fourth quarter of 2017
-------------------------------------------------
Salary (RMB) Percentage of positions
----------- -----------------------
Over 8,000 28.9 %
---------- -----
6,000 to 8,000 21.2%
-------------- ----
4,000 to 6,000 32.6%
-------------- ----
2,000 to 4,000 16.5%
-------------- ----
Below 2,000 0.9%
----------- ---
Beijing continued to be the city with the highest pay in the fourth quarter of 2017, with an average monthly salary of RMB10,310, up from RMB9,900 in the third quarter. Shanghai, Shenzhen, Hangzhou and Ningbo retained their rankings among the top five. Dongguan climbed to 6(th) in the ranking with an average monthly salary of RMB8,023 in the fourth quarter, up from 8(th) in the previous quarter.
Average monthly salary for cities in the fourth quarter of 2017
---------------------------------------------------------------
Ranking City Average Ranking City Average
monthly salary monthly salary
(RMB) (RMB)
--- ---- ----
1 Beijing 10,310 20 Chengdu 7,185
--- ------- ------ --- ------- -----
2 Shanghai 9,655 21 Nanchang 7,182
--- -------- ----- --- -------- -----
3 Shenzhen 9,030 22 Fuzhou 7,166
--- -------- ----- --- ------ -----
4 Hangzhou 8,434 23 Wuxi 7,154
--- -------- ----- --- ---- -----
5 Ningbo 8,062 24 Jinan 7,056
--- ------ ----- --- ----- -----
6 Dongguan 8,023 25 Changsha 7,048
--- -------- ----- --- -------- -----
7 Guangzhou 8,007 26 Tianjin 6,978
--- --------- ----- --- ------- -----
8 Urumqi 7,956 27 Hefei 6,940
--- ------ ----- --- ----- -----
9 Haikou 7,941 28 Zhengzhou 6,815
--- ------ ----- --- --------- -----
10 Nanning 7,738 29 Qingdao 6,787
--- ------- ----- --- ------- -----
11 Foshan 7,717 30 Shijiazhuang 6,635
--- ------ ----- --- ------------ -----
12 Guiyang 7,630 31 Dalian 6,622
--- ------- ----- --- ------ -----
13 Nanjing 7,616 32 Yantai 6,604
--- ------- ----- --- ------ -----
14 Xiamen 7,600 33 Taiyuan 6,489
--- ------ ----- --- ------- -----
15 Suzhou 7,450 34 Xi'an 6,393
--- ------ ----- --- ----- -----
16 Kunming 7,411 35 Changchun 6,223
--- ------- ----- --- --------- -----
17 Chongqing 7,348 36 Harbin 6,199
--- --------- ----- --- ------ -----
18 Wuhan 7,266 37 Shenyang 6,173
--- ----- ----- --- -------- -----
19 Lanzhou 7,236
--- ------- -----
Funds/securities/futures/investment replaced professional services/consulting (finance and accounting, legal and Human Resources, etc.) as the best-paying sector in the fourth quarter of 2017 with an average monthly salary of RMB10,358. Intermediary service ranked 2(nd) in the fourth quarter with an average monthly salary of RMB10,292.
Top 10 highest paid sectors in the fourth quarter of 2017
---------------------------------------------------------
Sector Average monthly
salary (RMB)
--- -----------
Funds/securities/futures/investment 10,358
----------------------------------- ------
Intermediary service 10,292
-------------------- ------
Professional service/consulting (finance and
accounting, legal and HR, etc.) 10,003
-------------------------------------------- ------
Energy/mineral/mining/smelting 9,439
------------------------------ -----
Trust/warrant/auction/pawn 9,111
-------------------------- -----
Real estate/construction/building materials/
engineering 9,062
-------------------------------------------- -----
Cross-industry operation 8,865
------------------------ -----
Government/public service/non-profit 8,857
------------------------------------ -----
Aviation/aerospace research and manufacturing 8,665
--------------------------------------------- -----
Banking 8,584
------- -----
The top three occupations with the highest monthly salaries in the fourth quarter of 2017 were senior management (RMB21,673), IT management/project coordination (RMB14,250) and securities/futures/investment management/service (RMB12,115).
Top 10 highest paid occupations in the fourth quarter of 2017
-------------------------------------------------------------
Occupation Average monthly
salary (RMB)
--- -----------
Senior management 21,673
----------------- ------
IT management/project coordination 14,250
---------------------------------- ------
Securities/futures/investment
management/service 12,115
----------------------------- ------
Civil servant/public institution/
research institute 11,630
--------------------------------- ------
Sales management 11,058
---------------- ------
Real estate development/broker/agency 10,962
------------------------------------- ------
Project management/project coordination 10,095
--------------------------------------- ------
Software/internet development/system
integration 9,991
------------------------------------ -----
Banking 9,859
------- -----
Hardware development 9,566
-------------------- -----
Wholly foreign-owned enterprises offered the highest average monthly salary of RMB8,323 in the fourth quarter, followed by RMB8,247 for joint ventures and RMB8,196 for public companies.
Average monthly salaries from different types of
companies
in the fourth quarter of 2017
-----------------------------
Type of Company Average
monthly salary (RMB)
--- -------------------
Wholly foreign-owned
enterprises 8,323
-------------------- -----
Joint ventures 8,247
-------------- -----
Public companies 8,196
---------------- -----
State-owned enterprises 8,182
----------------------- -----
Public institutions 8,067
------------------- -----
Private companies 7,564
----------------- -----
Larger companies offered higher salaries in the fourth quarter. Small and micro-sized companies were not competitive with relatively lower salaries.
Average monthly salaries for companies of different
sizes
in the fourth quarter of 2017
-----------------------------
Size of company by Average monthly salary
(RMB)
employee numbers
---------------- ----------------
Below 20 7,154
-------- -----
20-99 7,486
----- -----
100-499 7,636
------- -----
500-999 7,988
------- -----
1,000-9,999 8,376
----------- -----
Above 10,000 8,444
------------ -----
Job market competition remaining stable
Zhaopin publishes the quarterly competitive index for the labor market in China 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 fourth quarter of 2017, the competitive index was 31, which means there were an average of 31 applications per job vacancy, keeping stable from 30.4 in the third quarter of 2017.
The labor market competition remained at a relatively low level in the fourth quarter of 2017. Most white-collar workers were reluctant to change jobs in the quarter as they were waiting for year-end performance reviews and bonuses.
Competitive index
-----------------
Quarter Competitive index
------- -----------------
Q4 2016 40.3
------- ----
Q1 2017 44.6
------- ----
Q2 2017 35.8
------- ----
Q3 2017 30.4
------- ----
Q4 2017 31.0
------- ----
(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 86.4 in the fourth quarter of 2017, up from 82.4 in the third quarter. Shenyang became the second most competitive city with a competitive index of 40.9 in the fourth quarter. The labor market in Shenyang was under pressure with more job seekers coming from industries with over-capacities and other cities in Northeast China.
Competitive index for cities in the fourth quarter of 2017
----------------------------------------------------------
Ranking City Index Ranking City Index
------- ---- ----- ------- ---- -----
1 Beijing 86.4 20 Hangzhou 19.2
--- ------- ---- --- -------- ----
2 Shenyang 40.9 21 Lanzhou 19.0
--- -------- ---- --- ------- ----
3 Shenzhen 39.2 22 Zhengzhou 18.2
--- -------- ---- --- --------- ----
4 Shanghai 37.2 23 Guiyang 17.6
--- -------- ---- --- ------- ----
5 Chengdu 35.8 24 Haikou 17.5
--- ------- ---- --- ------ ----
6 Tianjin 31.5 25 Jinan 17.4
--- ------- ---- --- ----- ----
7 Xi'an 30.8 26 Kunming 15.6
--- ----- ---- --- ------- ----
8 Dalian 30.0 27 Wuxi 14.4
--- ------ ---- --- ---- ----
9 Harbin 27.5 28 Urumqi 13.9
--- ------ ---- --- ------ ----
10 Changchun 25.3 29 Yantai 13.3
--- --------- ---- --- ------ ----
11 Chongqing 23.7 30 Hefei 12.6
--- --------- ---- --- ----- ----
12 Guangzhou 22.6 31 Nanchang 12.1
--- --------- ---- --- -------- ----
13 Taiyuan 21.1 32 Nanning 11.4
--- ------- ---- --- ------- ----
14 Changsha 20.6 33 Fuzhou 10.0
--- -------- ---- --- ------ ----
15 Wuhan 20.3 34 Xiamen 9.5
--- ----- ---- --- ------ ---
16 Shijiazhuang 19.8 35 Dongguan 9.5
--- ------------ ---- --- -------- ---
17 Suzhou 19.8 36 Foshan 8.7
--- ------ ---- --- ------ ---
18 Nanjing 19.8 37 Ningbo 7.7
--- ------- ---- --- ------ ---
19 Qingdao 19.3
--- ------- ----
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 fourth quarter of 2017. Emerging first-tier cities, including Zhengzhou, 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 fourth 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 fourth quarter of 2017 were also cities with the highest job demand, indicating that these cities with high job demand were also attracting job seekers. Chengdu was the most attractive emerging first-tier city for job seekers with its booming economy and comfortable living environment.
Top ten cities with most job applications
in the fourth quarter of 2017
-----------------------------
Ranking City
------- ----
1 Beijing
--- -------
2 Shanghai
--- --------
3 Shenzhen
--- --------
4 Chengdu
--- -------
5 Guangzhou
--- ---------
6 Tianjin
--- -------
7 Xi'an
--- -----
8 Shenyang
--- --------
9 Zhengzhou
--- ---------
10 Hangzhou
--- --------
In terms of employer size, companies with 1,000 to 9,999 employees were the most competitive for job seekers, with an index of 41.2, followed by 34.8 for companies over 10,000 employees. The competition for positions in small and micro-sized companies remained low due to low brand recognition and high risk.
Competitive index for different size companies
in the fourth quarter of 2017
-----------------------------
Size of Company by Index
employee numbers
---------------- ----------------
Below 20 20.2
-------- ----
20-99 26.1
----- ----
100-499 31.3
------- ----
500-999 33.5
------- ----
1,000-9,999 41.2
----------- ----
Over 10,000 34.8
----------- ----
Supply and demand by sector
In the fourth quarter of 2017, the internet/e-commerce sector continued to top the list with the most job vacancies, followed by education/training/college and real estate/construction/building materials/engineering sectors.
Top ten sectors with the highest job demand in the fourth quarter of 2017
-------------------------------------------------------------------------
Ranking Sector
------- ------
1 Internet/e-commerce
--- -------------------
2 Education/training/college
--- --------------------------
3 Real estate/construction/building materials/engineering
--- -------------------------------------------------------
4 Computer software
--- -----------------
5 Funds/securities/futures/investment
--- -----------------------------------
6 Professional service/consulting (finance and accounting, legal and HR, etc.)
--- ----------------------------------------------------------------------------
7 Trade/export and import
--- -----------------------
8 IT services (system/data/maintenance)
--- -------------------------------------
9 FMCG (food, drinks, alcohol and tobacco, and chemicals for daily use)
--- --------------------------------------------------------------------
10 Medicine/biological engineering
--- -------------------------------
Real estate/construction/building materials/engineering became the most competitive sector for job seekers in the fourth quarter of 2017, with 45.1 applications per vacancy. The government-imposed restrictions aimed to tame the overheating real estate market led to slack demand and increased labor supply.
Top ten most competitive sectors in the fourth quarter of 2017
--------------------------------------------------------------
Ranking Sector Index Ranking in previous quarter
------- ------ ----- ---------------------------
1 Real estate/construction/building materials/engineering 45.1 4
--- ------------------------------------------------------- ---- ---
2 Cross-industry operation 42.8 7
--- ------------------------ ---- ---
3 IT services (system/data/maintenance) 40.8 2
--- ------------------------------------- ---- ---
4 Online games 40.4 1
--- ------------ ---- ---
5 Computer software 38.6 5
--- ----------------- ---- ---
6 Internet/e-commerce 38.4 3
--- ------------------- ---- ---
7 Telecom/carrier operators/value-added service 38.0 6
--- --------------------------------------------- ---- ---
8 Energy/mineral/mining/smelting 36.7 12
--- ------------------------------ ---- ---
9 Aviation/aerospace research and manufacturing 36.2 8
--- --------------------------------------------- ---- ---
10 Property management/business center 35.8 18
--- ----------------------------------- ---- ---
Insurance continued to be the least competitive sector in the fourth quarter of 2017, with 11.6 applications per vacancy, followed by 17.1 for intermediary service and 17.9 for office supplies and equipment.
Least competitive sectors in the fourth quarter of 2017
-------------------------------------------------------
Sector Index
------ -----
Insurance 11.6
--------- ----
Intermediary service 17.1
-------------------- ----
Office supplies and equipment 17.9
----------------------------- ----
Home furnishing/interior design/decoration 21.0
------------------------------------------ ----
Printing/packaging/papermaking 21.2
------------------------------ ----
Processing and manufacturing (raw material processing/mould) 21.5
------------------------------------------------------------ ----
Outsourcing service 21.8
------------------- ----
Banking 23.6
------- ----
Healthcare/nursing/beauty 23.7
------------------------- ----
Inspection/testing/authentication 23.8
--------------------------------- ----
The sectors with the most job applications in the fourth 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 fourth 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 IT services (system/data/maintenance)
--- -------------------------------------
6 Education/training/college
--- --------------------------
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 Medicine/biological engineering
--- -------------------------------
Supply and demand by occupation
The top occupations with the most vacancies for white collar workers in the fourth quarter of 2017 were almost the same as in the third quarter of 2017, including sales, administration/logistics/secretary, and software/internet development/system integration.
Top ten occupations with the highest job demand in the fourth quarter of 2017
-----------------------------------------------------------------------------
Ranking Occupation
------- ----------
1 Sales
--- -----
2 Administration/logistics/secretary
--- ----------------------------------
3 Software/internet development/system integration
--- ------------------------------------------------
4 Education/training
--- ------------------
5 Sales management
--- ----------------
6 Customer service/pre-sales and after-sales support
--- --------------------------------------------------
7 Finance/auditing/tax
--- --------------------
8 Human resources
--- ---------------
9 Civil engineering/construction/decoration/municipal engineering
--- ---------------------------------------------------------------
10 Internet products/operation management
--- --------------------------------------
The most competitive occupation in the fourth quarter of 2017 was software/internet development/system integration with 93 applications per vacancy, followed by 82.4 for IT quality management/testing/configuration management, and 62.6 for finance/auditing/tax.
Top 10 most competitive occupations in the fourth quarter of 2017
-----------------------------------------------------------------
Ranking Occupation Index Ranking in previous quarter
------- ---------- ----- ---------------------------
1 Software/internet development/system integration 93.0 1
--- ------------------------------------------------ ---- ---
2 IT quality management/testing/configuration management 82.4 2
--- ------------------------------------------------------ ---- ---
3 Finance/auditing/tax 62.6 5
--- -------------------- ---- ---
4 Transportation services 62.0 4
--- ----------------------- ---- ---
5 Senior management 60.2 3
--- ----------------- ---- ---
6 Human resources 47.0 6
--- --------------- ---- ---
7 Administration/logistics/secretary 45.4 7
--- ---------------------------------- ---- ---
8 Civil engineering/construction/decoration/municipal engineering 39.5 8
--- --------------------------------------------------------------- ---- ---
9 IT operation and maintenance/technical support 37.7 10
--- ---------------------------------------------- ---- ---
10 IT management/project coordination 36.9 11
--- ---------------------------------- ---- ---
The least competitive occupations in the fourth quarter of 2017 were insurance with 9.4 applications per vacancy, followed by 10.1 for healthcare/beauty/hairdressing/bodybuilding, and 11.1 for mechanic/operator.
Least competitive occupations in the fourth quarter of 2017
-----------------------------------------------------------
Occupation Index
---------- -----
Insurance 9.4
--------- ---
Healthcare/beauty/hairdressing/bodybuilding 10.1
------------------------------------------- ----
Mechanic/operator 11.1
----------------- ----
Sales 11.7
----- ----
Community/residency/housekeeping 12.2
-------------------------------- ----
Farming/forestry/animal husbandry/fishery 12.2
----------------------------------------- ----
Cooking/catering/food R&D 12.7
------------------------- ----
Education/training 13.4
------------------ ----
Hospital/medical care/nursing 14.2
----------------------------- ----
Customer service/pre-sales and after-sales support 15.2
-------------------------------------------------- ----
The top ten occupations with the most job applications in the fourth quarter of 2017 were almost the same as in the third quarter of 2017.
Top ten occupations with the most job applications in the fourth 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 management
--- ----------------
7 Sales
--- -----
8 Internet product/operation management
--- -------------------------------------
9 Art/design
--- ----------
10 Marketing
--- ---------
For more information, please contact:
Zhaopin Limited
Ms. Daisy Wang
Investor Relations
ir@zhaopin.com.cn
ICR Beijing
Mr. Edmond Lococo
Phone: +86 10 6583-7510
Edmond.Lococo@icrinc.com
View original content:http://www.prnewswire.com/news-releases/china-white-collar-average-salary-rises-slightly-in-the-fourth-quarter-of-2017-300582422.html
SOURCE Zhaopin Limited
