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11.04.2017 08:05
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PR Newswire
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China White-collar Salary Growth Slowed Down in the First Quarter of 2017
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PR Newswire
BEIJING, April 11, 2017
BEIJING, April 11, 2017 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform[1] in China focused on connecting users with relevant job opportunities throughout their career lifecycle, released its 2017 first-quarter report on China labor market supply and demand for white-collar workers. With intensifying competition among white-collar workers for jobs in the first quarter of 2017, the increase in average monthly salaries slowed down significantly.
First-Quarter of 2017 China White-Collar Labor Market Highlights:
- The average monthly salary edged up only 0.8% to reach RMB7,665 in the first quarter of 2017, from RMB7,606 in the fourth quarter of 2016.
- Beijing continued to be the city with the highest pay, with an average monthly salary of RMB9,942, followed by RMB9,802 in Shanghai, RMB8,892 in Shenzhen and RMB7,996 in Guangzhou.
- Competition among white-collar workers for jobs heated up in the first quarter of 2017, with an average of 44.6 applications per job vacancy, up from 40.3 applications in the fourth quarter of 2016.
- Beijing was by far the most competitive city for white-collar workers, with 96.0 applications per vacancy in the first quarter of 2017, followed by Shenzhen (60.5), Chengdu (59.4) and Shanghai (53.3).
- The most competitive sector for job seekers in the first quarter of 2017 was online games, with 73.0 applications per vacancy.
- Software/internet development/system integration was the most competitive occupation in the first quarter of 2017, with 136.1 applications per vacancy.
Salary growth slowed down
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly salary in the first quarter of 2017 edged up only 0.8% to reach RMB7,665, from RMB7,606 in the fourth quarter of 2016. The growth of average salaries for white-collar workers hit the brakes during the past two quarters, slowing down from a 4.1% rise in the third quarter of 2016.
| Average monthly salary for white-collar workers | ||
| Quarter | Average salary (yuan) | Change over previous quarter |
| Q1 2016 | 7,018 | 3.9% |
| Q2 2016 | 7,233 | 3.1% |
| Q3 2016 | 7,531 | 4.1% |
| Q4 2016 | 7,606 | 1.0% |
| Q1 2017 | 7,665 | 0.8% |
Among job postings in the first quarter of 2017, 33.0% of positions offered monthly salaries between RMB4,001 to 6,000, and 25.3% offered monthly salaries of more than RMB8,000. About 18.0% of positions offered monthly salaries below RMB4,000.
| Breakdown of positions by monthly salaries in the first quarter of 2017 | |
| Salary (RMB) | Percentage of positions |
| Over 8,000 | 25.3% |
| 6,001 to 8,000 | 23.8% |
| 4,001 to 6,000 | 33.0% |
| 2,001 to 4,000 | 16.4% |
| Below 2,000 | 1.6% |
Beijing continued to be the city with the highest pay in the first quarter of 2017, with an average monthly salary of RMB9,942, followed by RMB9,802 in Shanghai, RMB8,892 in Shenzhen and RMB7,996 in Guangzhou. Foshan in Guangdong Province jumped to 5th in the country, with an average salary reaching RMB7,873.
| Average monthly salary for cities in the first quarter of 2017 | |||||
| Ranking | City | Average | Ranking | City | Average |
| 1 | Beijing | 9,942 | 20 | Kunming | 6,862 |
| 2 | Shanghai | 9,802 | 21 | Wuhan | 6,769 |
| 3 | Shenzhen | 8,892 | 22 | Tianjin | 6,733 |
| 4 | Guangzhou | 7,996 | 23 | Lanzhou | 6,704 |
| 5 | Foshan | 7,873 | 24 | Zhengzhou | 6,692 |
| 6 | Dongguan | 7,862 | 25 | Hefei | 6,684 |
| 7 | Ningbo | 7,680 | 26 | Nanchang | 6,669 |
| 8 | Hangzhou | 7,608 | 27 | Changsha | 6,660 |
| 9 | Suzhou | 7,548 | 28 | Qingdao Werbung Mehr Nachrichten zur Zhaopin ADR Aktie kostenlos abonnieren
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