2015-03-12

Zhaopin Reports Drop in First-Tier Average Salaries

Zhaopin recently reported survey results on 2014 wages. The numbers are surprising.

Shanghai tops salary ranking
SHANGHAI remained the top Chinese city for average monthly salary, but major cities saw their salary decline, recruitment portal Zhaopin.com said in a survey.

Shanghai’s average monthly salary was 7,108 yuan (US$1,135) while Beijing was second with 6,585 yuan and Shenzhen with 6,285 yuan came in third, the survey covering job postings on the website after the Spring Festival found. But Zhaopin.com didn’t reveal the sample size of the survey yesterday, citing business reasons.

But the average salary in Shanghai fell from last year’s 7,214 yuan in line with the 6 percent decline from a year ago to 6,518 yuan in the four largest Chinese cities, the survey showed.

Meanwhile, salaries in the largest second-tier cities, namely Hangzhou, Tianjin, Chengdu, Chongqing and Suzhou, rose 9 percent year on year to 5,889 yuan.

Hangzhou overtook Guangzhou to be the fourth-best paid city with 6,135 yuan salary per month on average.
Hangzhou was ground zero for the real estate slowdown in 2014, yet salaries jumped. Meanwhile, the first-tier cities that saw home prices hold up well, saw wages drop quite a large amount. The wage growth gap between Beijing and Tianjin, only an hour to the east by high-speed rail, was 15% last year.

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