22 February 2019

Exec pay in top China cities on par with HK, paper says

Hiring senior executives in first-tier mainland cities is now as costly as in Hong Kong amid widespread skills shortage and higher employee expectations, the South China Morning Post reported Wednesday. Data from professional services company Towers Watson shows that the mainland lags Hong Kong in salaries across most job categories, but at senior management level a Shanghai-based executive can expect US$215,000 a year, 11 per cent more than Hong Kong peers, the newspaper said, adding that such compensation is double the rate in regional rival India. Statistics from headhunting firm Robert Walters show a similar convergence between first-tier mainland cities and Hong Kong, but salaries in second-tier cities like Suzhou and Nanjing are 30 to 50 percent lower than in Shanghai, the report said.

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