Morgan McKinley China releases its 2015 Shanghai Salary Guide [press release]

19.03.15, China – Leading global professional services recruiter, Morgan McKinley has today released its latest Salary Guide in China providing insight into hiring and salary trends over the past few months and predictions for the remainder of the year across the following industry sectors:

• Banking & Financial Services
• Finance & Accounting
• Information Technology
• HR
• Sales & Marketing
• Operations and Supply Chain
• Healthcare

The Morgan McKinley 2015 China Salary Guide highlights that:

• THIRTY-FIVE PERCENT OF PROFESSIONALS, WHO RECEIVED A PAY INCREMENT, SAY THIS WAS BETWEEN 5-8 PERCENT.
• 82% of Mainland China’s professionals have seen their annual salaries increase
• 76% of professionals received or are expecting to receive an annual bonus for 2014
• An annual bonus scheme (62%) and holidays (58%) are the most important benefits for professionals in Mainland China.
• Talent shortage in the Risk & Compliance, Internet , HR and FMCG sectors

Rio Goh, Managing Director, Morgan McKinley China commented: “The Chinese economy experiences a normal pace of growth moving into 2015, this has resulted in slightly less jobs being created across the finance sector although they are still faring much better than the industrial sector.”

“The overwhelming majority (82%) of professionals say they have had a pay increase in the last year. 35 percent of professionals, who received a pay increment, say this was between 5-8 percent with a quarter receiving an increase of more than 13 percent. Over three quarters (76%) of professionals say they have received or are expecting an annual bonus for 2014 which was due to achieving personal key performance indicators (73%), as well as group and company performance (64%).”

 “There will be a continued high demand for risk and compliance professionals due to the ever changing regulatory environment. Banks and other financial institutions will continue to offer their clients more products and services as the regulatory landscape further evolves. As part of this development, risk and compliance individuals will be offered more opportunities for career advancement. 2014 has been a good year for most banks which will continue with the hiring of more relationship managers and product managers.”

“We expect an increase in demand for accounting and finance professionals from internal audit and banking operations professionals with expertise in the area of settlements as well as those in corporate and retail banking with trade finance (sales) experience. Human resources professionals are also sought after despite the slowdown, as restructuring has led to increased demand for new investment headcount, and to upgrade existing HR personnel, from generalists to specialists.”

“Mainland China’s thriving Internet sector has led to a significant talent shortage with an increasing number of professionals moving away from a multinational IT company to a fast-growing local internet firm. Some local firms have been known to offer pay rises in excess of 50 percent for outstanding individuals.” 

Further press information:

Alice Zhou

azhou@morganmckinley.com

Tel：+86 21 6146 2323

Aimee Carmichael

acarmichael@morganmckinley.com

Tel：0044 7740 354625

Or our PR email：pr_apac@morganmckinley.com

Notes to editors:

About Morgan McKinley

Morgan McKinley is a global professional services recruiter connecting specialist talent with leading employers across multiple industries and disciplines.With offices across Ireland, the UK, EMEA, Asia and Australia, the company’s professional recruitment expertise spans banking & financial services; commerce & industry and professional services. Morgan McKinley is a preferred supplier to many of the major employers in its specialist sectors and thousands of smaller local firms.