Date
23 September 2017
Many fresh graduates find it hard to land a job because of a mismatch between their education and the demands of enterprises. Photo: Xinhua
Many fresh graduates find it hard to land a job because of a mismatch between their education and the demands of enterprises. Photo: Xinhua

Salaries of fresh college graduates declining

Salary levels of fresh university graduates in China have been decreasing in the past years even as employers are having difficulties finding the right people they need.

About 7.27 million new college degree holders got an average monthly salary of 2,400 yuan (US$391) on their first job this year, Sina.com reported on Friday, citing a study published by a research institute under the Peking University.

According to the survey, about 40 percent of the graduates still need financial support from their families as their salaries are not enough to pay for their basic needs, especially for those working in big cities.

The study said the salary level of fresh graduates has been decreasing in recent years, although it did not provide comparative figures.

Another survey showed that salary expectations of fresh college graduates have dropped to a four-year low of 3,680 yuan per month, Beijing Youth Stress Management Service Center said.

And about 35.9 percent of the respondents listed state-owned enterprises as their first choice of employment.

Many fresh graduates find it hard to land a job because of a mismatch between their education and the demands of enterprises, Chen Yu, deputy executive chairman of China Association for Employment Promotion, was quoted as saying.

Meanwhile, domestic manufacturing firms have been raising salaries of workers amid a labor shortage.

General factory workers in Shenzhen get between 3,000 yuan to 4,000 yuan a month, while skilled construction workers and couriers can receive more than 10,000 yuan a month during peak seasons.

However, Zhaopin.com, a labor recruitment website, said new college graduates usually see a significant pay increase only after their fifth year on the job.

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