Latest data on Minimum Wages (CNY/Month) Chart Historical Chart What is minimum wage in China? 1,487,799 CNY, 1,487,800 CNY - 3. As of July 6, 2023, Shanghai. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The national average reached about 106,800 yuan in 2021. Minimum Wages in China remained unchanged at 2590 CNY/Month (357.695 USD/Month) in 2023. Please try again later. 106,299 CNY, 106,300 CNY - There was an error trying to send your message. [1] OECD statistics This is the average monthly salary including housing, transport, and other benefits. Each full year employee worked for your company, one month salary shall be paid as severance payment. 70,799 CNY, 70,800 CNY - In 2021, an employee in the urban regions of the Chinese Jiangsu province earned around 115,100 yuan per annum on average. People tend to confuse bonuses with commissions. Both are indicators. Average annual salary increase. 1,133,599 CNY, 1,133,600 CNY - In China, the average monthly wage is 29,300 Yuan (Chinese Yuan), which is equal to USD 4,534 (US dollars) per month based on the currency rate in July 2021, or USD 4,534 (US dollars) per month in the United States. The most standard form of bonus, where the employee is awarded based on their exceptional performance. Top Tips For Hiring Employees in China [2022 Complete Hiring Practices]. 318,799 CNY, 318,800 CNY - It is possible for there to be a large disparity in the rates at which wages are increased from one employer to the next. Reading from the salary distribution diagram, 25% of the population in China earn less than 19,400 CNY while 75% of them earn more. The hourly wage is the salary paid in one worked hour. JSC prepare a comprehensive China salary guide in 2022 by different industry and section in China. The following are the most significant aspects of Chinese payroll and China salary that you should be aware of. WebThe average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year). Average salary = (12 months salary + bonus + allowance + overtime pay)/12. At the lower end of the wage spectrum, Guangxis minimum wage level (RMB 1,430/US$197 per month) is slightly higher than that in Liaoning (RMB 1,420/US$195 per month). The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency. This is the average salary including housing, transport, and other benefits. If employees monthly salary is higher than 3 times local average monthly salary, each year of the severance payment compensated shall be 3 times local average monthly salary. People in top positions can easily get double or triple bonus rates than employees down the pyramid. Salaries vary drastically between different careers. You can either choose to handle their payroll land benefits yourself, or you can choose to outsource. 495,899 CNY, 495,900 CNY - 1,629,499 CNY, 1,629,500 CNY - As of May 29, 2023, the average monthly salary in Mainland China is approximately 29,300 Yuan ($4,214 USD), which translates to an annual pay of around 351,600 Yuan or $49,200 USD. 425,099 CNY, 425,100 CNY - Women receive a salary of 292,381 CNY. IIT in China is calculated and declared on the monthly basis. As of May 29, 2023, the average monthly salary in Mainland China is approximately 29,300 Yuan ($4,214 USD), which translates to an annual pay of around 351,600 Yuan or $49,200 USD. Economy Premium Premium statistics Industry-specific and extensively researched technical data (partially from exclusive partnerships). The minimum pay rate per hour for a person in China is 43 CNY. If you dont have a company in China, you can hire employees through PEO service through the employment agency in China. October 31, 2022. 1,700,399 CNY, 1,700,400 CNY - Cost of living in China is, on average, 50.8% lower than in United States. What are the options for hiring staff in China? Average salary in China is 370,398 CNY per year. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The base salary in China ranges from 19,400 CNY to 40,600 CNY. Ten percent of wages are from 45,800 CNY to 58,500 CNY. [China Payroll Guide]. Earning a Master's degree or any post-graduate qualification in China is a substantial financial commitment, with tuition fees ranging from 146,000 CNY to 439,000 CNY and a duration of around two years. In China, the monthly salary ranges from a minimum of 7,410 Yuan, which is comparable to $1,145 USD, to a maximum of 1,311,000 Yuan, which is equivalent to $20,245 USD. The average salary in China refers to the average wage of income obtained by dividing the total wage of all workers in a given area for a given year by the number of workers employed during that time period. At the lower end of the wage spectrum, Guangxis minimum wage level (RMB 1,430/US$197 per month) is slightly higher than that in Liaoning (RMB 1,420/US$195 per month). Though gender should not have an effect on pay, in reality, it does. Chinese cities such as Beijing, Guangzhou, Shanghai, Tianjin, Shenzhen, and Hangzhou provide greater incomes than other cities in the country, according to the World Bank. Example:A graphic designer in the marketing department of a hospital. All data are based on 2,636 salary surveys. Employer in China cannot offer the salary lower to the minimum salary to employee in China. 460,499 CNY, 460,500 CNY - 283,399 CNY, 283,400 CNY - Other cities in China include Shenzhen and Hangzhou. Guanghua Road, No. Salary is primarily determined by the level of experience one possesses, with higher levels of experience resulting in higher wages.In China, employees with two to five years of experience typically earn an average of 32% more than entry-level and junior workers in all industries and fields.Individuals with more than five years of experience tend to earn an average of 36% more than those with less than five years of experience.After ten years of work, salaries increase by 21%, with an additional 14% increase for those who have worked for over 15 years.These figures should be used as rough estimates, as considering individual job titles can lead to more accurate assessments. If you already set up a WFOE in China, you can sign the labor contract with employees directly. "Average Annual Income of Employees Working for Urban Non-private Units* in China in 2021, by Region (in Yuan). The most typical earning is 117,505 CNY. A paid subscription is required for full access. 566,799 CNY, 566,800 CNY - WebAnswer (1 of 2): You may have heard that wages in China is very cheap but recently, it seems like the situation has been changing. Now that we've established that, let's have a look at the many components that go into calculating the average income in China. The most typical earning is 120,443 CNY. 1,416,999 CNY, 1,417,000 CNY - Salaries are different between men and women. Every employed person on the world should know this website. Approximately 20% fall under the 17,800 CNY cap. The monthly median wage in China is 31,100 Yuan, which is equivalent to $4,813 USD. Cost of living in China is, on average, 50.8% lower than in United States. These figures tend to change frequently. In China, the average difference between the salary of male and female employees is 10% across all career fields. Salaries range from 7,410 CNY (lowest average) to 131,000 CNY (highest average, actual maximum salary is higher). The average pay is determined by a number of factors, such as educational attainment, professional domain, number of years of experience, and industry (the public and private sectors). Anyuan Road, No. WebFull-time ESS Sales Engineer 45k - 50K RMB per month Full-time Overseas Social Media Manager 15K - 20K RMB per month Full-time US Operation Director HiredChina Negotiable Full-time International Sales Manager Storepower Technology (Hangzhou) Co., Ltd. Profit from the additional features of your individual account. Those who got bonuses reported rates ranging from 2% to 7% of their annual salary. National Bureau of Statistics of China. * Based on the average change in salary over time. Minimum wages in China continue to rise. Business Solutions including all features. You need to set up a company in China and then set up a separate Social Insurance and Housing Fund Account. The Average Salary in China much more than the minimum Foreigner Wages in China Expat Wages in China Conclusion In recent years, China has experienced significant economic growth, with wages rising across various industries. Women receive a salary of 292,381 CNY. In spite of this, we will continue to refer to the currency as the Chinese Yuan (CNY) for the whole of this article since it is the word that is most often used in contexts that are not China. All data are based on 2,636 salary surveys. Some companies offer upgraded packages to their staff instead of cash money. 247,999 CNY, 248,000 CNY - The regularity with which wage increases are granted varies from firm to company. People with 16-20 Years of experience receive salary of 693,612 CNY. At the lower end of the wage spectrum, Guangxis minimum wage level (RMB 1,430/US$197 per month) is slightly higher than that in Liaoning (RMB 1,420/US$195 per month). Women receive a salary of 292,381 CNY. Rent in China is, on average, 67.0% lower than in United States. WebThe bare minimum wage In China, the minimum wage rates are set by the local government, not the central government. In China, the monthly salary ranges from a minimum of 7,410 Yuan, which is comparable to $1,145 USD, to a maximum of 1,311,000 Yuan, which is equivalent to $20,245 USD. Based on education, the highest salaries receive people with Masters Degree with salary of 455,559 CNY. WebA single person estimated monthly costs are 567.7$ (4,104.4) without rent. Our in-country local experts are also experienced in assisting businesses to compliantly establish their own legal entity in China. Even while it is often expected that a raise in pay takes place once per year when the term "annual salary" is used, this is not always the case. * Non-provate units mainly include state-owned units, collective-owned units, cooperative units, joint ownership units, limited liability corporations, share-holding corporations, units funded from Hong Kong and Taiwan, and foreign funded units. Add data for China Currency: Sticky Currency Switch to metric measurement units Prices in China WebChina Average Yearly Wages - 2023 Data - 2024 Forecast - 1952-2022 Historical - Chart China Average Yearly Wages Summary Forecast Stats Download Wages in China increased to 114029 CNY/Year in 2022 from 106837 CNY/Year in 2021. source: National Bureau of Statistics of China 10Y 25Y 50Y MAX Chart Compare Export API Embed statistic alerts) please log in with your personal account. Renminbi is the official currency of China; its acronym, RMB, is also often used to refer to the Renminbi. Factories are increasing payments to workers. 1, Jingan District, Shanghai, China. One yuan equals approximately 0.15 U.S. dollars and 0.15 euros (as of August 2022). 743,899 CNY, 743,900 CNY - A good compensation in China would range anywhere between 26,800 CNY and 40,600 CNY. The data displayed here is the combined average of multiple jobs. Under 10K RMB per month Full-time Solar Sales Director HiredChina Negotiable Full-time The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase. 1,062,699 CNY, 1,062,700 CNY - WebMaximum and Minimum Salary Range. Men receive an average salary of 435,013 CNY. The Average Salary in China much more than the minimum Foreigner Wages in China Expat Wages in China Conclusion In recent years, China has experienced significant economic growth, with wages rising across various industries. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. Other terms which laws and regulations required. What is the employment contract term in China? Chart. The minimum wage in China is 7,410 Yuan, while the highest pay that can be earned in China is 1,311,000 Yuan. Do I need a company in China to hire employees? 602,199 CNY, 602,200 CNY - Understanding the payroll system in China and how to calculate China salary is also critical for international companies doing business in China to maintain employment compliance in China. The ideal entry-level account for individual users. So who gets paid more: men or women? Accessed July 09, 2023. https://www.statista.com/statistics/278350/average-annual-salary-of-an-employee-in-china-by-region/. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information The average salary in China refers to the average wage of income obtained by dividing the total wage of all workers in a given area for a given year by the number of workers employed during that time period. Hourly Wage = Annual Salary / ( 52 x 5 x 8 ), Airlines / Aviation / Aerospace / Defense, Media / Broadcasting / Arts / Entertainment. 956,499 CNY, 956,500 CNY - If your wage is between the average and the median, then things can be a bit complicated. China won't lose its manufacturing because it have a huge domestic market. This method is more accurate than just the average salary and gives more insights into how salaries are actually distributed in China. If you have no legal entity in China to handle your employees payroll, engage a China PEO vendor or employment outsourcing agency in China to ensure the compliance. After probationary period, both employee and employer shall give 3o days as notice period for termination. Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. China has a great economic power these days and that is related to this change. For the working periods that are less than 6 months, half month salary shall be paid. It is mandatory for part-time employees to receive their pay every 15 days. Add data for China Currency: Sticky Currency Switch to metric measurement units Prices in China Please create an employee account to be able to mark statistics as favorites. Salaries in China vary drastically between different careers. Their expertise is usually different from that of the core business operations. When foreign companies begin hiring in China, salary in China is indeed a hot topic. Salaries vary drastically between different careers. The average pay of 8,452 yuan per month represents a 5 percent increase compared with last quarter and a 7.9 percent increase from a year earlier, the report said. The most typical earning is 117,505 CNY. The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career. The average salary in China refers to the average wage of income obtained by dividing the total wage of all workers in a given area for a given year by the number of workers employed during that time period. All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. This country had 16752 entries in the past 12 months by 1448 different contributors. Minimum wage per hour in China 2023, by region, Average salary of an employee in urban China 2012-2022. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. What is the notice period for terminate the employment relationship? If employees are in the probationary period, both employee and employer shall give 3 days as notice period for termination. Average salary in China is one of the very important data that employers shall know and aware when hiring in Chinese. Severance payment in China is based on the number of years employee has worked for the company. The survey was conducted among 126,000 bachelor graduates and 148,000 higher vocational college graduates. WebAverage wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612. The result is that half of the population earns an average income that is lower than the median wage. In 2021, an employee in the urban regions of the Chinese Jiangsu province earned around 115,100 yuan per annum on average. Despite the fact that the phrase "annual pay" indicates a wage increase every 12 months, this is not always the case. No, You shall have a company registered in China to sign a written labor contract with each of your employee. a) Hire employee through the PEO/employment service. Employees in China are expected to get an increase in their pay of roughly 9 percent every 15 months, depending on their position and experience. Minimum wages in China continue to rise. Typically, the standard of monthly minimum wage applies to full-time employees, whereas the standard of hour minimum wage applies part-time employees. Those figures should be taken as general guidelines. Salary variations differ from person to person. What are the popular job portals in China for searching the candidates? In practice, employer will sign a fixed term contract with their employee. To ensure that employees payroll in China are compliant, foreign employers must have a basic understanding of the China salary, average salary in China, minimum wage in China and how employees salaries are calculated in China. Interactive map Official data is published by several organizations like the World Bank, International Monetary Fund or the OECD on a regular basis. Average salary = (12 months salary + bonus + allowance + overtime pay)/12. Governments are raising minimum wages. If you dont have a legal entity in China, this is the only compliance way to have employee working for you in China. It is employers liability to calculate their employees income tax properly in China and contribute on behalf of employees monthly. Your use of this service is subject to our, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1 lb) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment, Mobile Phone Monthly Plan with Calls and 10GB+ Data, Internet (60 Mbps or More, Unlimited Data, Cable/ADSL), Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, International Primary School, Yearly for 1 Child, 1 Summer Dress in a Chain Store (Zara, H&M, ), Price per Square Feet to Buy Apartment in City Centre, Price per Square Feet to Buy Apartment Outside of Centre, Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate, A family of four estimated monthly costs are, A single person estimated monthly costs are. Privacy Policy. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law. 1,275,299 CNY, 1,275,300 CNY - 673,099 CNY, 673,100 CNY - WebMaximum and Minimum Salary Range. 1,558,699 CNY, 1,558,700 CNY - The survey was conducted among 126,000 bachelor graduates and 148,000 higher vocational college graduates. Please contact us if you require any other information on China PEO. facts. The country has become increasingly competitive in attracting top talent, both domestically What is the severance payment in China to terminate employment relationship? Many Furthermore, the number of persons earning more than the median wage is directly related to the economic progress of a nation on a generalized basis. To view accurate figures, choose a specific job title. Also from the diagram, 75% of the population earn less than 40,600 CNY while 25% earn more than that. The least salary in China is 7,410 Yuan and the maximum salary is 1,31,100 Yuan. Closely related to the median are two values: the 25th and the 75th percentiles. The second most paid education level is Doctorate Degree with salary of 442,098 CNY. Frequently asked questions for payroll and hiring employees in China. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. China salary are paid once a month for full-time employees. China has a great economic power these days and that is related to this change. It's important to note that during this period, any salary increases are unlikely, assuming ongoing employment. In China, the monthly salary ranges from a minimum of 7,410 Yuan, which is comparable to $1,145 USD, to a maximum of 1,311,000 Yuan, which is equivalent to $20,245 USD. This is the average monthly salary including housing, transport, and other benefits. Salaries are different between men and women. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. Shenzhen and Hangzhou are two further cities that may be found in China. Minimum Wages in China remained unchanged at 2590 CNY/Month (357.695 USD/Month) in 2023. Comparisons improve with every new data that you enter. 35,399 CNY, 35,400 CNY - The data displayed here is the combined average of many different jobs. Currently, you are using a shared account. Average annual salary increase. 15, Chaoyang District, Beijing, China, How to Calculate Employee Salary in China? According to the cost of living in that location, local salaries, as well as the supply and demand for labor in that area, Rent in China is, on average, 67.0% lower than in United States. Add data for China Currency: Sticky Currency Switch to metric measurement units Prices in China Average salary for software engineer/developer in China is around 140,000 CNY. WebA person working in China typically earns around 29,300 CNY per month. 354,199 CNY, 354,200 CNY - Chinese employees are likely to observe a salary raise of approximately 9% every 15 months, Copyright 2009-2023 Numbeo. 708,499 CNY, 708,500 CNY - The trend suggests a slow yet continuous increase in pay in 2024 and future years. These types of bonuses are given without a reason and usually resemble an appreciation token. How to compare your salary. WebThe bare minimum wage In China, the minimum wage rates are set by the local government, not the central government. Hr, Hr Business Partner, Hr Analyst, Hr Coordinator, Benefits Specialist. Average Annual 885,599 CNY, 885,600 CNY - It is not easy to provide a figure with very little information, so take this range with a grain of salt. As of July 6, 2023, Shanghai. WebThe average gross annual wage per full-time employee in the USA was $74,738 in 2021, or around $6,228 per month ($4,648/year more than in the previous year). Available: https://www.statista.com/statistics/278350/average-annual-salary-of-an-employee-in-china-by-region/, Average annual income of employees working for urban non-private units* in China in 2021, by region, Immediate access to statistics, forecasts & reports, Working-age population in China 1980-2050, Female labor participation rate in China 2012-2022, Male labor participation rate in China 2012-2022, Number of employees in urban and rural areas of China 2012-2022, Distribution of the workforce across economic sectors in China 2012-2022, Number of employed persons in China 2019-2021, by work unit, Employment in urban units in China 2021, by industry, Employment in urban units in China 2021, by region, Employment in urban private units and self-employment in China 2019, by industry, Monthly surveyed urban unemployment rate in China May 2021-2023, Monthly surveyed urban youth unemployment rate in China May 2021-2023, Number of unemployed people in urban China 2012-2022, Unemployed people in urban China 2021, by region, Unemployment insurance revenue and expenditure in China 2012-2022, Contributors and beneficiaries of unemployment insurance in China 2012-2022, Average salary of an employee in urban China 2022, by sector, Average salary of an employee in urban China 2021, by region, Annual salary of private unit employees in urban China 2012-2022, Monthly minimum wage in China 2023, by region, Labor productivity per hour in China 2005-2021, Number of migrant workers in China 2012-2022, Distribution of migrant workers in China 2012-2022, by age, Distribution of migrant workers China 2012-2022, by gender, Distribution of migrant laborers China 2014-2022, by education, Regional distribution of migrant laborers in China 2022, by place of origin, Monthly income of migrant workers in China 2020-2022, by industry, Average first-team player pay per year of Udinese Italy 2015-2020, Average first-team player pay per year of Marseille France 2015-2020, Average first-team player pay per year of Montpellier France 2015-2020, Average first-team player pay per year of Sampdoria Italy 2015-2020, Average first-team player pay per year of Chievo Italy 2015-2019, Average first-team player pay per year of Sassuolo Italy 2015-2020, Average first-team player pay per year of Everton in the UK 2015-2020, Average first-team player pay per year of Hoffenheim in Germany 2015-2020, Average first-team player pay per year of Freiburg Germany 2015-2020, Average first-team player pay per year of Saint-Etienne France 2015-2020, Average first-team player pay per year of Manchester United in the UK 2015-2020, Average first-team player pay per year of Bayer Leverkusen in Germany 2015-2020, Average first-team player pay per year of Augsburg Germany 2015-2020, Average first-team player pay per year of Lille France 2015-2020, Average first-team player pay per year of Roma Italy 2015-2020, SDG India index on sustainable cities and communities 2021, by state, Average annual wage in the IT sector in Spain 2016, by technology type, R&D director in chemical industry salary per annum South Korea 2019-2020, Breakdown of per capita monthly spending on non-food in urban areas Indonesia 2022, Average annual income of employees working for urban non-private units* in China in 2021, by region (in yuan), Find your information in our database containing over 20,000 reports, respective industry had a large influence on the average annual salary of employees in urban China.
215 G St Ne, Washington, Dc 20002,
100 Skyway Dr #130, San Jose, Ca 95111,
Articles C