HR Agency forecasts: Next year's pay growth will reach 8.4%

Human Resources Service Provider "Job" recently released the "2011 China Enterprise Separation and pay survey report."　　The report predicts that 2011-year pay growth will continue to accelerate, to 8.4%, over 2010-year-7.9% growth, and to create the highest growth since 2008. In the survey of turnover rate, the traditional service industry, manufacturing industry, consumer goods retail industry has become the highest turnover rate of three industries, respectively, reached 24.2%, 21.8% and 20.5%.　　Economic recovery and increased hiring by employers are the main factors leading to a high turnover rate. According to the survey, corporate wages increased by 7.9% in 2010, and a small increase of 0.5% in corporate pay is expected in 2011. In terms of salary adjustment, the energy industry, the financial industry and the biopharmaceutical industry are listed as the top three in 2010, with 8.9%, 8.7% and 8.4% respectively. The survey also showed that in 2010 87.3% of companies made payroll, and 89% said they would pay a raise for all employees in 2011. Xinhua