$48,213. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. (MENAFN - Asia Times) Young adults aged between 16 and 35 – more than half of the labor force of Shanghai, China's financial center – are earning an average monthly wage … The best month to swim in the sea is in August when the average sea temperature is 27°C (81°F). As of 2018, average wages in China increased to 82,461 yuan from 29,229 yuan in 2008. China - Get a free salary comparison based on job title, skills, experience and education. However, in 2016, the monthly average wage in non-private units was RMB 9,994 (US$ 1,505). Where can you get paid more, working for a private company or for the government? The average salary for a Consultant is 元268,341 in Shanghai, China. One major difference between salaried employees and hourly paid employees is overtime eligibility. These figures tend to change frequently. Example:A graphic designer in the marketing department of a hospital. Example:A graphics designer working for a graphics designing company. If your wage is between the average and the median, then things can be a bit complicated. Sales Representative. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails, 25 Simple Ways to Reduce Bills and Save Money. Real salaries at 3,129 companies in Shanghai, China. In 2015, the average monthly salary in Shanghai was RMB … That is a … The Shanghai municipal government announced in early April that the average monthly salary in 2016 was RMB 6,504, a 9.5 percent increase year-on-year, while the average annual salary was RMB 78,045. Wages in China increased to 93383 CNY/Year in 2019 from 84744 CNY/Year in 2018. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. The local government has not released statistics for monthly average wages for either non-private or private units for 2017. People tend to confuse bonuses with commissions. Published on August 01 2015. The cost of living in Shanghai, Shanghai is 100 percent higher than the national average. Trends in wages decreased by -100.0 percent in Q4 2020. 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). You should be able to recover the costs in roughly a year or so. We wrote a guide to explain all about the different scenarios. Public sector employees in China earn 6% more than their private sector counterparts on average across all sectors. Shanghai springs are known for temperature fluctuations, and you should come prepared for warm or cool weather. A Master's degree program or any post-graduate program in China costs anywhere from 146,000 Yuan Renminbi(s) to 439,000 Yuan Renminbi(s) and lasts approximately two years. Listed above are the average annual increase rates for each industry in China for the year 2020. 21 High Paying Jobs That Don't Require a College Degree! Male employees in China earn 10% more than their female counterparts on avergae across all sectors. Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Shanghai. A Master's degree program or any post-graduate program in China costs anywhere from 146,000 Yuan Renminbi(s) to 439,000 Yuan Renminbi(s) and lasts approximately two years. So who gets paid more: men or women? A single person estimated monthly costs are 662.15$ (4,292.00¥) without rent. The median represents the middle salary value. You can't really expect any salary increases during the study period, assuming you already have a job. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in China. We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. GBP 650) and the monthly minimum wage increased to RMB 2… How to compare your salary. Salary variations differ from person to person. For example, according to the Ministry of Health, Labor and Welfare, the minimum wage in Tokyo, the highest minimum wage in the country, is 1,013 yen. 5. The numbers seem to support this tactic. The cost of living changes quite a bit depending on the city, and China does not have a … 21 High Paying Jobs That Don't Require a College Degree! *My response is simply based on foreigners salaries and are estimations only* I think the main thing to consider is that living in Shanghai can be more expensive than Beijing. Cost of living index in Shanghai is 47.74% lower than in New York. In 2018, manufacturing labor costs in China were estimated to be 5.51 U.S. dollars per hour. Shanghai is in first place, with an average monthly salary of 1,100 USD, followed by Beijing with 980 USD and Shenzen with 930 USD. Glassdoor salary data for Shanghai workers. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Compare average salaries by job title and skillset. 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. Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. In Shanghai, where the average monthly wage is about $350, a gallon of milk now costs about $5.50. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. If your salary is higher than both of the average and the median then you are doing very well. 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. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. 12 careers for people who like to work alone. Software Engineer salaries in Shanghai are below average.For this job type, Shanghai ranks 173rd for salaries among 265 cities. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Salaries range from 8,020 CNY (lowest average) to 142,000 CNY (highest average, actual maximum salary is higher). Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. (Yicai Global) Jan. 22 -- Chinese employers were offering an average gross monthly wage of CNY8,021 (USD1,240) to job seekers in cities last year, and the younger generations are staying at their first job for less than a year, according to a recent report. Salaries range from 6,610 CNY (lowest average) to 117,000 CNY (highest average, actual maximum salary is higher). This is the map and list of European countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in euros. The average salary for shanghai jobs is $59,184. Get access to our salary comparison calculator by signing up. Average Salary and Wage in the UK. The city of Shanghai tops others with an average monthly salary of about $1130, followed by Beijing with $980, and Shenzhen with $940. Beijing ranked first among these cities with its average monthly salary reaching 11,204 yuan, followed by Shanghai (10,662 yuan) and Shenzhen (10,088 yuan) The survey also found that 35.5 percent of positions offered an average monthly salary of more than 8,000 yuan, 29.5 percent 4,001-6,000 yuan and 23 percent 6,001-8,000 yuan. Shanghai’s minimum wage will increase on April 1, 2019. A single person estimated monthly costs are 696.28$ (4,548.81¥) without rent. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Summary about cost of living in Shanghai, China: Family of four estimated monthly costs are 2,572.68$ (16,807.35¥) without rent (using our estimator). The amount of the bonus will probably be different from person to person depending on their role within the organization. Those figures are presented as guidelines only. International Labour Organisation (ILO)'s statistics. Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. Time to read the page 30 min. The average salary in Shanghai, Shanghai is ¥273k. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. Recently, the Shanghai Municipal Bureau of Statistics and Municipal Human Resources and Social Security Bureau, announced Shanghai’s average salary for the previous year (2019): RMB 114,962 per year, or RMB 9,580 per month. Their field of expertise usually matches the type of business. This page provides - China Average Yearly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and … In Shanghai, the average monthly salary last year was 3,292 yuan, a 400-yuan, or 13.8-percent, jump from 2007, according to the Shanghai Municipal Statistics Bureau. Naturally the more years of experience the higher the wage. Employer social insurance and housing fund obligations increase employee salary an average of 37.25%. The wettest month is September with an average of 156mm of rain. The numbers become more significant if you consider one job title at a time. The hourly wage is the salary paid in one worked hour. The monthly minimum wage applies to full-time employees, and the hourly minimum wage applies to others, such as part-time and temporary employees. Employees that are directly involved in generating revenue or profit for the organization. Spring in Shanghai . In Shanghai, the monthly average wage in 2017 was RMB 7,132 (US$ 1,056), a 9.7 percent increase from the previous year. As of April 1, 2016, the average monthly salary in Shanghai increased to RMB 5,939 (approx. Bear in mind, too, that most expats will be taxed around 20 percent of their monthly salary in China, but that this can rise to 40 percent for high earners. The average salary in Shanghai, Shanghai is ¥273k. And Shenyang saw the lowest wage of 6,939 yuan. The raise this year is the lowest since 2009; however, Shanghai is still leading among the cities in China with the highest minimum monthly wage. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Those who got bonuses reported rates ranging from 2% to 7% of their annual salary. The expected average monthly salary in Shanghai was CNY4,474, up 4.8 percent from last year with an average annual growth rate of 5.9 percent over the past five years. Related Resources. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise. Its stock exchange is one of the biggest in the world and serves as a key trading outlet for key commodities such as rubber and copper. Listed above are the average annual increase rates for each industry in China for the year 2020. Top 10 coolest jobs that you can actually have! Average salary in Shanghai Shanghai is the financial hub for China with its reclaimed swapland serving as a pilot area for economic policies. These figures tend to change frequently. The monthly minimum wage standards of A Class regions in six provinces and cities are above CNY 2,000, including Beijing, Shanghai, Guangdong, Tianjin, Jiangsu and Zhejiang. Engineer: £48,000 /year Those who got bonuses reported rates ranging from 2% to 7% of their annual salary. On average, August is the most sunny. These types of bonuses are given without a reason and usually resemble an appreciation token. The decision really depends on your situation and experience among many other factors. 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. The most standard form of bonus where the employee is awarded based on their exceptional performance. Shanghai’s social insurance contribution base has grown in tandem with the rapid increase in average salaries over the past five years. Both are indicators. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. Family of four estimated monthly costs are 2,406.25$ (15,597.06¥) without rent (using our estimator). The average salary in the UK is £29,600 per year (or £1,950 per month). As per the report, Beijing, Shanghai and Shenzhen claimed the top three spots, with average monthly salaries of 11,521 yuan, 10,967 yuan, and 10,477 yuan, respectively. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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. * Top 10 Related Jobs and Salaries. Average salary in Shanghai is CNY 359,154. In 2018, the emp… Wages in China averaged 13074.47 CNY/Year from 1952 until 2019, reaching an all time high of 93383 CNY/Year in 2019 and a record low of 445 CNY/Year in 1952. A person working in Shanghai typically earns around 31,700 CNY per month. China's median monthly wages in Shanghai , Beijing ($983) and Shenzen ($938) are higher than they are in the newest European Union member, Croatia. The numbers seem to support this tactic. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Granted upon achieving an important goal or milestone. On April 26, China’s Ministry of Human Resources and Social Security released the Minimum Wage Standards of All Regions in China as of March 31, 2020. * Based on the average change in salary over time. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. On average, February has the lowest amount of sunshine. These estimates are based on data that may have some inconsistencies at the moment. Today, we look at what it's like to live on that. With the average monthly wage in China then being 100 yuan, most people only ate the restaurant's about 6-yuan hamburgers and 2.5-yuan fried chicken meals during special occasions. Hourly jobs pay per worked hour. Employees that are directly involved in generating revenue or profit for the organization. The median represents the middle salary value. The cost of living changes quite a bit depending on the city, and China does not have a minimum wage established for the entire country. Companies within thriving industries tend to provide higher and more frequent raises. ), 11 signs that you may be terminated (Watch out for these), 8 Essential CV Tips That Will Make a Huge Difference, 7 unconventional and creative job hunting techniques, 7 tricky job interview questions and answers. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. $54,088. Minimum Wages in China remained unchanged at 2480 CNY/Month in 2020 from 2480 CNY/Month in 2019. Average salaries – much more than the minimum Employees in China are likely to observe a salary increase of approximately 9% every 15 months. As a result, there is considerable variation in minimum wage levels across major cities, let alone poorer rural areas. Average Salary Information for U.S. Workers . If you are interested in the salary of a particular job, see below for salaries for specific job titles. Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience. Click a salary below to compare with shanghai salaries. Employees in China are likely to observe a salary increase of approximately 9% every 15 months. These types of bonuses are given without a reason and usually resemble an appreciation token. 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. As China’s economy grows and focuses on innovation and services, most domestic workers employed by foreign-invested enterprisesearn well above the minimum wage. The experience level is the most important factor in determining the salary. People in top positions can easily get double or triple bonus rates than employees down the pyramid. $55,616. Salaries for Related Job Titles The highest monthly minimum wage as of July 2020 was in Shanghai (2,480 yuan), which was roughly double the minimum wage in smaller cities in provinces such as Hunan, Hubei, Liaoning and Heilongjiang. Example:A graphic designer in the marketing department of a hospital. The figures mentioned above are good approximations and are considered to be the standard. Salaries vary drastically between different careers. 43% of surveyed staff in China reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus. Update Report Living Wage Update 2019, Urban Shanghai. As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. It was introduced in 1994 but was only implemented in March 2004. Though gender should not have an effect on pay, in reality, it does. Shanghai has 1 st Most Expensive Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child, Childcare in Asia out of 118 cities). Download . Minimum wages in China continue to grow.Last year, seven regions in China increased their minimum wage.The first six months of 2019 saw Chongqing, Shaanxi, Shanghai, and Beijing raise their minimum monthly and hourly wage. The figures provided here are averages of numbers. The figures provided here are averages of numbers. Those figures should be taken as general guidelines. The city will raise the monthly statutory minimum wage for full-time workers from RMB 2,420 (US$360) to RMB 2,480 (US$369) and the hourly minimum wage for part-time workers from RMB 21 (US$3.12) to RMB 22 (US$3.27). Young adults aged between 16 and 35 – more than half of the labor force of Shanghai, China’s financial center – are earning an average monthly wage of 7,342 Chinese yuan (US$1,018), according to a report released on Wednesday. Closely related to the median are two values: the 25th and the 75th percentiles. The most typical salary is CNY 100,048 (Gross). The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Those figures are presented as guidelines only. If your salary is higher than both of the average and the median then you are doing very well. Those figures should be taken as general guidelines. In the winter season, almost all of the 38 cities enjoyed wage growth except for Suzhou, Kunming and Yantai. That is quite an investment. Employees that support and facilitate the work of revenue generators. Though gender should not have an effect on pay, in reality, it does. These cities and provinces include Beijing, Shanghai, Tianjin, Chongqing, Shaanxi, Shenzhen, and Shandong. See More Price Rankings for Shanghai; The price of Eggs (regular) (12) in the year 2012 in Shanghai was 19.55¥. People tend to confuse bonuses with commissions. According to the Shanghai Municipal Human Resource and Social Security Bureau, a new regulation on wage payment methods for Shanghai-based organizations went into effect August 1. The average wage is a measure of total income after taxes divided by total number of employees employed. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), 12 careers for people who like to work alone, 8 exciting careers for people who like to travel, 10 job hunting mistakes everyone is making, 25 simple money saving tips ($15000+ in savings! China does not set on minimum wage for the entire nation. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. Educator. Is there a minimum wage in China? Reading from the salary distribution diagram, 25% of the population are earning less than 18,400 CNY while 75% of them are earning more than 18,400 CNY. 25 salary increase request email templates with proven results, 9 deadly resume mistakes that you must avoid, Airlines / Aviation / Aerospace / Defense, Media / Broadcasting / Arts / Entertainment. Also from the diagram, 75% of the population are earning less than 90,700 CNY while 25% are earning more than 90,700 CNY. Salaries range from 6,610 CNY (lowest average) to 117,000 CNY (highest average, actual maximum salary is higher). Accurate, reliable salary and compensation comparisons for China In the winter season, almost all of the 38 cities enjoyed wage growth except for Suzhou, Kunming and Yantai. ), 10 job hunting mistakes everyone is making. The new regulation, issued to replace the 2003 version, expands the scope and makes several clarifications and improvements on wage calculation and standards. English. Salaries range from 8,020 CNY (lowest average) to Reading from the salary distribution diagram, 25% of the population are earning less than 15,000 CNY while 75% of them are earning more than 15,000 CNY. Private enterprises offered some of the highest salaries with an average of CNY4,733, marking a climb of 8.7 percent and a decrease in growth rate. Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience. Salaried jobs pay a fix amount regardless of the hours worked. Male employees in China earn 10% more than their female counterparts on avergae across all sectors. This page provides - China Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. Salaries vary drastically between different careers. The cost of living in Shanghai, Shanghai is … The average wage, calculated by the United Nations agency dealing with labour issues, particularly international labour standards and decent work for all, 185 of the 193 UN member states are members of the ILO. If your wage is between the average and the median, then things can be a bit complicated. It's a rough figure based on data from 72 countries, omitting some of the world's poorest nations. The average monthly wage in Shanghai is about $1,047. But, even in the smallest cities, it is attractive. As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark. By Wenham ShenStarting April 1, seven Chinese cities and provinces raised their monthly minimum wages by an average of 12.5 percent, according to China News. One major difference between salaried employees and hourly paid employees is overtime eligibility. The local government has not released statistics for monthly average wages for either non-private or private units for 2017. Wages in China increased to 93383 CNY/Year in 2019 from 84744 CNY/Year in 2018. In most cases, a salary review is conducted once education is completed and the degree has been attained. Shanghai workers earned an average of 9,723 RMB per month during the first half of 2019, a sum that is more than four times the local minimum wage. Deviation from the national average salary; Dentist: £72,000 /year +143% . Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ), How to write the perfect resume (complete guide), 11 signs that you may be terminated (Watch out for these), 25 simple money saving tips ($15000+ in savings! Personal Trainer. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Where can you get paid more, working for a private company or for the government? The increased wages in China may be due to the shrinking labor pool in China. Salaried jobs pay a fix amount regardless of the hours worked. The Shanghai government has raised the minimum monthly wage by five percent from RMB 2,190 (US$318) to RMB 2,300 (US$334), and the minimum hourly wage from RMB 19 (US$2.76) to RMB 20 (US$2.90). Key Leader. Wage gap between regions The wages vary in China depending … Shanghai, for instance, has raised its minimum wage every year since 2010. Granted upon achieving an important goal or milestone. This is the average monthly salary including housing, transport, and other benefits. Average annual wage of full-time employees in Shanghai, China 2017, by sector Per capita disposable income in Shanghai, China 2011-2019 Per capita consumer spending in Shanghai, China 2018, by type This is very predictable due to the inherent responsibilities of being higher in the hierarchy. Rent in Shenzhen is, on average, 72.48% lower than in New York. See More Historical Data in Shanghai; See Analysis of our Consumer Price Basket in Shanghai 43% of surveyed staff in China reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus. The chart below reflects the average (mean) wage … Salaries estimates are based on 60 salaries submitted anonymously to Glassdoor by Consultant employees in Shanghai, China. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. Shanghai is in first place, with an average monthly salary of 1,100 USD, followed by Beijing with 980 USD and Shenzen with 930 USD. If you are interested in the salary of a particular job, see below for salaries for specific job titles. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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. , let alone poorer rural areas different from person to person depending on their within! Provides - China minimum Wages- actual values, historical data, forecast chart... Calculation may differ slightly depending on their role within the organization the type business... Shen Ke, Qian Jing, and Shandong in 2017, by region and the annual vacation.. Anhui is CNY 359,154 triple bonus rates and frequencies than juniors one major difference between salaried are... Average salary in Shanghai, China wettest month is September with an average of 156mm of rain based. The 25th and the Degree has been attained the inherent responsibilities of being higher in the season... 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Of rain their annual salary weather station: Shanghai, Tianjin,,! 15,597.06¥ ) without rent wage refers to the inherent responsibilities of being higher in hierarchy. Weather station: Shanghai, China be due to the minimum monthly in. Finally, PhD holders earn 23 % more than their female counterparts avergae... Actual values, historical data, forecast, chart, statistics, economic calendar and news more men... In top positions can easily get double or triple bonus rates than employees down the pyramid salary below compare! Of bonuses are given without a reason and usually resemble an appreciation token one major difference between salaried employees usually!