PR Newswire
BEIJING, July 17, 2017
BEIJING, July 17, 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 second-quarter report on China labor market supply and demand for white-collar workers. As the competition for jobs eased in the second quarter, the average monthly salary dropped by 3.8% over the previous quarter, the first quarter-over-quarter decline in two years.
Second-Quarter of 2017 China White-Collar Labor Market Highlights:
Declining Salaries
Based on online job postings in 37 key cities in China compiled by Zhaopin, the average monthly salary in the second quarter of 2017 was RMB7,376, down 3.8% over the first quarter. This was the first time that the average monthly salary declined quarter-over-quarter since the second quarter of 2015 when Zhaopin began to calculate the nationwide average salary for white-collar workers.
The falling average salary for white-collar workers was mainly caused by the plunge in salaries at micro-sized companies, which cut their salaries by 31% in the second quarter. With investment waning, many small start-ups became more rational and could no longer offer higher salaries to attract talents. An additional factor contributing to the overall decline in salaries in the second quarter of 2017 was that more jobs were located in lower-tier cities, where pay is normally lower.
Average monthly salary for white-collar workers | ||
Quarter | Average salary | Change over |
Q2 2016 | 7,233 | 3.1% |
Q3 2016 | 7,531 | 4.1% |
Q4 2016 | 7,606 | 1.0% |
Q1 2017 | 7,665 | 0.8% |
Q2 2017 | 7,376 | - 3.8% |
Among job postings in the second quarter of 2017, 32.8% of positions offered monthly salaries between RMB4,001 and 6,000, and 25.9% offered monthly salaries of more than RMB8,000. About 20.3% of positions offered monthly salaries between RMB2,001 and 4,000.
Breakdown of positions by monthly salaries in the second quarter of 2017 | |
Salary (RMB) | Percentage of positions |
Over 8,000 | 25.9% |
6,001 to 8,000 | 19.8% |
4,001 to 6,000 | 32.8% |
2,001 to 4,000 | 20.3% |
Below 2,000 | 1.1% |
Beijing continued to be the city with the highest pay in the second quarter of 2017, with an average monthly salary of RMB9,791, representing a drop of RMB151 from the first quarter. The average monthly salary also declined slightly in Shanghai and Shenzhen in the second quarter. The salary in Hangzhou actually went up to RMB7,933, jumping to the 4th in ranking.
Average monthly salary for cities in the second quarter of 2017 | |||||
Ranking | City | Average | Ranking | City | Average |
1 | Beijing | 9,791 | 20 | Changsha | 6,721 |
2 | Shanghai | 9,337 | 21 | Wuxi | 6,704 |
3 | Shenzhen | 8,866 | 22 | Lanzhou | 6,638 |
4 | Hangzhou | 7,933 | 23 | Kunming | 6,592 |
5 | Guangzhou | 7,754 | 24 | Nanchang | 6,538 |
6 | Dongguan | 7,552 | 25 | Hefei | 6,516 |
7 | Ningbo | 7,423 | 26 | Tianjin | 6,477 |
8 | Nanjing | 7,263 | 27 | Zhengzhou | 6,448 |
9 | Urumqi | 7,230 | 28 Werbung Mehr Nachrichten zur Zhaopin ADR Aktie kostenlos abonnieren
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