Survey: 75% Chinese Companies Won't Ax Staff Incomes in 2009

Source: CRIENGLISH.com

Seventy five percent of Chinese enterprises won't reduce staff incomes in 2009, according to a recent report from Mercer, one of the world's largest Human Resource Management and Consulting Companies.

Mercer's report on the Chinese market for the year ahead says although most of them won't cut the incomes of their employees in the year, half of the Chinese companies will still choose to lower the rate of income increases to about 7 percent, the lowest figure expected in many years.

Statistics from Mercer show that 42 percent of companies didn't achieve their business goals for the fourth quarter of 2008.

308 famous Chinese companies covering various fields contributed to Mercer's report on the Chinese market.

20 percent were from consumer products industries, 19 percent from high-tech industries and 17 percent from machinery and electronic industries. Also, about sixty percent of them were from big cities such as Beijing, Shanghai, Guangzhou and Shenzhen.

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Editor: Chen Minjie