Survey shows that over 60% of the company's year-end awards will exceed employees ' annual salary by 10%

Source: Internet
Author: User
Keywords Employees said the respondents
Tags company economic higher than information telecommunications
In the first quarter of this year, nearly half of employers plan to recruit more than 2/3 annual bonuses for companies that exceed employees ' annual salary by 10%, according to a survey, with the latest Hudson report showing a sharp rise in hiring intentions in the Chinese sector in the first quarter of 2010.  A survey of more than 600 executives in the major economic sectors found that the proportion of respondents who planned to increase headcount in the first quarter rose to 49% from 39% in the fourth quarter of last year. The survey showed that the recruitment intentions of other surveyed industries were on the rise, with the exception of information and telecommunications. "As the market heats up, employers are planning to invest heavily in hiring," said Mark Carriban, managing director of Hudson Asia. "Most respondents were optimistic about their company's performance in 2010. Overall, 62% of respondents thought the company would perform well, while another 7% said the company would perform well and only 1% of respondents expected poor performance.  The data suggest that most companies today have more confidence in their development prospects than they did a year ago. The rapid growth in hiring intentions means that good people are increasingly confident of demanding high salaries when changing jobs. Nearly 2/3 of the respondents (64%) were willing to pay more than 10% per cent to attract more managerial talent, and 24% said they would have more than 20%. This suggests that the current job market is more active than the same period last year, with 48% per cent of respondents expecting a pay increase of more than 10% last year, compared with only 17% per cent of respondents who think they will be more than 20%. Compared with the same period last year, the proportion of respondents who said they would not pay a raise in the quarter was almost halved, from 15% to 8%.  Overall, Chinese employers believe that the increase in demand is much higher than the other surveyed markets in Asia.  In various sectors, 84% per cent of respondents said their companies would issue year-end awards, as appropriate, at the end of 2009, a fraction of 88% at the end of 2008, but still far higher than other surveyed markets in Asia. The survey shows that the 2009 year-end award level will be significantly increased. 55% of respondents in each industry said bonuses would exceed 10% of employees ' annual salary, while another 11% said the amount would be over 20%.  At the end of 2008, the proportion of respondents representing bonuses at the corresponding level was 32% per cent and 6% per cent, respectively, well below the 2009 figures. Guidance and training is an important means to reduce the turnover rate of staff and retain the outstanding talents. Respondents were also asked what measures their companies had taken to reduce staff turnover and retain good talent. In various industries, providing more leadership, mentoring programs and employee training programs is seen as the most effective approach, with 28% of respondents thinking so. Raising pay and bonuses is the second most common tool for motivating and retaining key employees, with 23% per cent of respondents holding this view.
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