For many people, pay is not only a means of subsistence, but also an important indicator of professional well-being, and at a time when economic conditions are increasingly precarious, how remuneration is the most important workplace issue for employees: Mercer Talent Trends 2017 Annual global study "states: 'Employees spend an average of 13 hours a month worrying about the economy, while their basic salary and welfare concerns are even greater than in previous years, when employees seek to see what they can expect for a paycheck It is not surprising, given the perceived uncertainty of security. '
Employees are most concerned about compensation, but HR is not paying enough attention to that
Forty-seven percent of employees worldwide said the primary factor contributing positively to their job performance was fair and competitive pay, a factor that exceeded those of employees in Canada, China, France, Germany, Italy, Singapore and the United States, Promotion opportunity ', ranked first.
However, Mercer's research found no response to HR plans in this area - only 28% of HRs said remuneration competitiveness was a key area of focus for 2017. Also not reflected in this year's plan were staff's fair pay , The Mercer report found that only 16% of human resource leaders include fair wages in their list of top five priorities.
Performance management to promote wage adjustment, Chinese employees seek less performance feedback
Changing the performance management process is an important means of changing the pay system, with 39% of global companies continuing to use their performance scores to push in their basic salary adjustments in 2017, and 25% of them saying that manager discretion will drive basic wage adjustments. , Performance scores make them more clear about their performance and motivate them to work better.Chinese employees, while hoping to have a clear performance score to understand how they behave, seldom seek regular performance feedback.
By 2018, these skills and experiences are most needed in the marketplace
The Walt Disney China Payroll Survey 2018 argues that with the further internationalization of Chinese businesses, companies are also increasingly fierce in their competition for bilingual and experienced international companies. In addition, the market demand for digital innovation and IT talent The report predicts that in 2018 the average salary increase for job seekers will increase by 10% -20% and that for job seekers will be 5-8%, which is the same level as in previous years. In 2018, the most demand-driven skills in the Chinese market include automation / labor Intelligence, eCommerce / Big Data, Digital Marketing, Cyber Security, Change Management, Bilingualism and International Business Experience.
IT industry will remain a hot topic
As the government strongly promotes the Internet + and various industries to speed up the digital transformation, especially in the fields of business technology - big data, internet of things, artificial intelligence, online payment, cross-border **, etc., the information technology industry will maintain a big heat in 2018 Trend, the average salary of IT translators increased by 12-18% .Wang Ying, director of Robert Walters Shanghai and Suzhou Branch, said that artificial intelligence and Internet information technology job gap is very large, is expected to transfer salary increase will Reach a higher level.
This is part of the best time to switch HR
The average salary increase for job-hopping HR can reach more than 20%, mainly due to the three major reasons why Chinese companies are expanding overseas, restructuring their businesses and attracting and retaining talent.
Li Wei, vice president of Robert Walters Shanghai Branch believes that HR transformation is an important background for employment opportunities in human resources field: 'Now many companies still stay in the concept of human resources as an administrative function above. In fact, the current business In setting the next phase of development goals, we will find the biggest problem is the issue of talent, and the entire company's talent strategy changes are to human resources department to guide, because the business unit can not have a dedicated person to guide such a change of talent At this time, the demands and requirements for the overall human resources have also changed.
The four major functions of the salary increase will reach 10% -15%
Benefit from the business opportunities derived from the national strategic plan, the need of enterprises to expand overseas business, the transformation of digital sales in the traditional industries, and the four major development of e-commerce, accounting and finance, operation and manufacturing, sales and marketing, supply chain and procurement Middle and high-ranking professionals will be given more opportunities to change jobs and raise their salaries, as well as their outstanding professional abilities such as financial data analysis, lean manufacturing, digital creativity, etc. Persons with international perspectives and business experience continue to be in short supply in the PRC market status.
Senior bilingual talent is the focus of business recruitment
The so-called senior bilingual talents not only have foreign language skills, but also need international thinking mode, work experience and accurate grasp of the global strategy.However, such talents are usually gathered in foreign-funded enterprises or overseas, Chinese private enterprises to attract These people need to be prepared to spend more time in the corporate culture, work environment and philosophy.
Bilingual talents have become the focus of business recruitment in 2018, which is a positive trend for returnees. The middle and high-level management personnel and technical personnel continue to be well-received, and the development opportunities and employment conditions after returning home are very favorable. Of the foreign students, especially those who are not highly sophisticated technical background of foreign students, you need to adjust the employment expectations, with the increase of domestic employers choose, students may not be able to get higher salary than the domestic elite graduates.