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- Salary guide 2024
of organisations ‘struggled to hire’ the right talent in 2023.
of professionals plan on actively looking for a new job in the next 6 months - 11% down from last year.
of employers have lost talent in the last 6 months, with ‘perception of job security’ being the main reason.
Companies are only interested in having top tier talent. Balancing staff costs with the ability to acquire the most skilled professionals will be the dilemma for employers in 2024.
- Marlon MaiManaging Director, Morgan McKinley Mainland China
This is your opportunity to Go Beyond all expectations.
How can you be successful in the evolving talent landscape?
The top 5 hiring challenges companies will face in 2024.
of organisations in Mainland China found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…
- Lack of skilled candidates available
- No budget to hire
- Length of hiring process
- Employer branding not attractive
- Pay and benefits not competitive enough
What do people want? Key benefits to offer…
Employees in Mainland China are not very satisfied with the benefits they receive, with 64% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.
Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.
- Bonus
- Flexible working hours: Flexi-start, flexi-finish
- Employee stock options, incentive plans
- Work from home
- Health insurance
Top 5 most desired benefits:
Job security is a pressing issue for employees.
of employees are either feeling ‘indifferent’, ‘a bit insecure’ or ‘very insecure’ in their current roles.
In a time when top talent is scarce, employers should take steps to ease the concerns of their workforce, or risk losing them to competitors.
Up, down or flat? The state of salaries.
Despite the uncertainty, companies still have ambitious plans that will require new skills. As we all know, hiring or holding onto the top talent who possess those skills comes at a cost.
67%
of organisations kept their salary bandings level over the second half of 2023.
47%
of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.
52%
of professionals are optimistic that they will receive an increase in 2024.
2024 Mainland China salary guide.
Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.
Compare salaries
Download your Salary Guide for 2024.
Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.
A full range of Talent Services...
Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.
Advice for successful hiring.
Money talks: should I put the salary in my job ad?
There’s an age-old question which divides many recruiters and key hiring decision makers
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How to calculate a starting salary
You’ve identified that your company requires a new employee.
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How to handle an employee’s pay rise request
One of your employees has asked for a pay rise and it’s up to you to respond.
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