Shenzhen leads the country in average monthly salary levels, together with Beijing and Shanghai, which jumped nearly 8% YoY in Q1. The national average is RMB8,452, but Shenzhen’s is above RMB10,000. This compares with HK$16,892 for fresh graduates in Hong Kong. However, as any HR manager with experience will explain, once social-security costs are added in, those Shenzhen salary levels are much less competitive.
The data comes from the country’s biggest online recruitment platform, Zhoapin.com. Its latest report shows that jobs with more than RMB8,000 monthly salary are 35.5% of all job opportunities, followed by RMB4,001-6,000 at 29.5%. Foreign-owned enterprises and listed companies are most generous, offering on average more than RMB9000 per month.
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