Beijing-Michael Page
Beijing-Michael Page
Salary Benchmark
Part of PageGroup
www.michaelpage.com.cn
About
The Michael Page Salary Benchmark
is our annual salary report developed
to provide hiring managers and
candidates with salary references
across various industries by job
functions, including Finance,
Technology, Human Resources, Sales
and more.
The report also includes an overview
of market trends, hiring demands
and job seekers’ sentiments within
each industry. This year’s Michael
Page Salary Benchmark is available
in 13 markets across the Asia Pacific:
Australia, Hong Kong, India, Indonesia,
Japan, Mainland China, Malaysia,
New Zealand, Philippines, Singapore,
Taiwan, Thailand and Vietnam.
Report methodology
The Michael Page Salary Benchmark
is derived from 100,000 data points in
our proprietary data and network in
Mainland China, which includes job
advertisements and placements made
between July 2018 and June 2019,
incorporating salary projections for
2020, Job Applicant Confidence Index,
insights from our business leaders, our
recruiters’ interactions with companies
and industry professionals, as well as
other supplemental information from
our various studies were also taken
into consideration.
This year, the salary figures are
represented by the minimum,
maximum and median where median
is a representation of the middle-most
value in a set of data, arranged in
ascending order. This means that, half
the people who work in a specific field
earns less than the median salary from
the minimum, while the other half earns
more towards the maximum.
79% 28%
of the Chinese workforce
GEN X
feel they have maximum
autonomy at work
VS
60% GEN Y
44%
feel they have no freedom to
rate their contributions
take a break during work hours
as highly impactful
84%
EXPECTATIONS OF A
of professionals in China
reportedly work in a LEADERSHIP TEAM
MOST IMPORTANT
HARMONIOUS WORKPLACE
69%
LEAST IMPORTANT
with the following
Collaborative
top traits:
Problem solving Having a
CLEAR DIRECTION
92%
EMPLOYER
Accountability AND VISION BRANDING
PROFESSIONAL DEVELOPMENT
GEN X GEN Y
38% VS
55% 35%
of the Chinese workforce
in China claim they have say they expect more
no flexibility to work outside their office professional coaching
and development
opportunities from their
25%
company
1 Conflict
management
UNFAIRLY APPRAISED
2 Change
management of the China workforce
3 Stress
management
54% are proud of the
company they last
worked in
SAYING GOODBYE
Here are the top factors:
GEN X
97%
2 Better opportunity elsewhere
60%
3 Unhealthy work culture
claimed they WOULD
GIVE THE MANAGEMENT GEN Y
HEADS UP before their do not consider
official resignation unsatisfactory 1 Skills and abilities not put to good use
monetary benefits
89%
2 Misaligned leadership style
as a top decision
to leave their job 3 A better opportunity somewhere else
would give HONEST
REASONS for leaving
RETENTION
5 TOP CONSIDERATIONS WHEN
ACCEPTING A NEW JOB
Respondents say they
would have stayed in
their last company if
Top industries
Trending skills
Risk and
Deal sourcing Fundraising
compliance
Roles in demand
23%
Investment Director
Investor Relations Manager
average salary increase
Risk & Compliance Manager when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Actuarial
Base salary range for 12 months (RMB'000)
Analytics
Base salary range for 12 months (RMB'000)
Asset Management
Base salary range for 12 months (RMB'000)
Equity Analyst
Base salary range for 12 months (RMB'000)
Investments
Base salary range for 12 months (RMB'000)
Risk Management
Base salary range for 12 months (RMB'000)
Underwriting
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Familiarity
Commercial with both foreign
and domestic Data analytics
awareness
company
cultures
Roles in demand
30%
Operations Director
Head of E-commerce
average salary increase
Digital Director when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Content
Base salary range for 12 months (RMB'000)
Design
Base salary range for 12 months (RMB'000)
E-commerce
Base salary range for 12 months (RMB'000)
Social Media
Base salary range for 12 months (RMB'000)
Top Sectors
Trending skills
Roles in demand
23%
Headmaster / Principal for
Bilingual K12 Schools
Head of Education Complex average salary increase
when switching jobs
Admissions Director within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Academic
Base salary range for 12 months (RMB'000)
Content Development
Base salary range for 12 months (RMB'000)
Management
Base salary range for 12 months (RMB'000)
Principals
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Roles in demand
13%
Plant Management Director
Quality Director
R&D Director average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Engineering
Base salary range for 12 months (RMB'000)
Project Management
Base salary range for 12 months (RMB'000)
Quality
Base salary range for 12 months (RMB'000)
Testing
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Strong Experience
Financial with joint
Overseas IPO
Planning & ventures,
experience
Analysis (FP&A) mergers and
skills acquisitions
Roles in demand
15%
Finance Manager
Finance Director
Chief Financial Officer average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Accounting
Base salary range for 12 months (RMB'000)
Finance
Base salary range for 12 months (RMB'000)
Analysis
Base salary range for 12 months (RMB'000)
Corporate Strategy
Base salary range for 12 months (RMB'000)
Risk Management
Base salary range for 12 months (RMB'000)
Tax
Base salary range for 12 months (RMB'000)
Treasury
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Medical
statistics,
Ability to function
Big Data
in multicultural Entrepreneurship
and Artificial
environment
Intelligence
(AI)
Roles in demand
50%
Medical Director
Regulatory Affairs (RA) Director
Clinical Director average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Clinical Operations
Base salary range for 12 months (RMB'000)
Medical Affairs
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Recruitment Compensation Organisational
and retention and benefits and talent
strategies (C&B) development
Roles in demand
13%
Compensation & Benefits Director
Talent Acquisition Director
HR Business Partner average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Organisational Development
Base salary range for 12 months (RMB'000)
Talent Acquisition
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Compliance
Fund formation Data privacy
and risk
and financial and e-commerce
pertaining to
regulations applications
investment
Roles in demand
30%
US Associate
Legal Counsel
Compliance Counsel average salary increase
when switching jobs
within similar industries
Legal Secretaries
Private Practice (US Law Firms)
Base salary range for 12 months (RMB'000)
Private Practice
Non-NY Rate US Firms
Base salary range for 12 months (USD'000)
Role Indicative
Role Indicative
Role Indicative
Partner 235
Role Indicative
Top industries
Trending skills
Digital and
E-commerce Innovative
new media
experience mindset
marketing
Roles in demand
25%
Marketing Director
Marketing Manager
Brand Manager average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Advertising
Base salary range for 12 months (RMB'000)
Brand Management
Base salary range for 12 months (RMB'000)
Content
Base salary range for 12 months (RMB'000)
Creative
Base salary range for 12 months (RMB'000)
Event Management
Base salary range for 12 months (RMB'000)
Go-to-market
Base salary range for 12 months (RMB'000)
Marketing Communications
Base salary range for 12 months (RMB'000)
Product Marketing
Base salary range for 12 months (RMB'000)
Research
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
E-commerce, Cross-culture
Retail supply
import communication
chain and
and export and stakeholder
sales forecast
management management
Roles in demand
15%
Procurement Manager
Supply Chain Manager
Sales Forecast & S&OP Manager average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
Logistics
Base salary range for 12 months (RMB'000)
Operations
Base salary range for 12 months (RMB'000)
Order Management
Base salary range for 12 months (RMB'000)
General Manager
1000 1500 2000
Supply Chain Management
Top industries
Trending skills
Real estate Building Real estate
asset information financial
management management modelling
Roles in demand
18%
Leasing Manager
Asset Management Manager
Facilities Director average salary increase
when switching jobs
within similar industries
Asset Management
Base salary range for 12 months (RMB'000)
Construction
Base salary range for 12 months (RMB'000)
Facilities Management
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Operational Retail
Business
excellence expansion
strategy
experience experience
Roles in demand
10%
Visual Merchandising Manager
Retail Director
General Manager average salary increase
when switching jobs
within similar industries
Retail Training
Base salary range for 12 months (RMB'000)
Store Management
Base salary range for 12 months (RMB'000)
Visual Merchandising
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Roles in demand
Sales Manager
Business Development Manager
23% average salary increase
when switching jobs
within similar industries
Consumer Products
Base salary range for 12 months (RMB'000)
Financial Services
Base salary range for 12 months (RMB'000)
Professional Services
Base salary range for 12 months (RMB'000)
Top industries
Trending skills
Multilingual Ability to
with strong multitask with
Communication
written and verbal experience in
Skills
communication setting up offices
skills in China
Roles in demand
27%
Executive Assistant
Administration Assistant
Receptionist average salary increase
when switching jobs
within similar industries
Top industries
Trending skills
Artificial
Digital
Data science Intelligence
transformation
(AI)
Roles in demand
20%
Chief Technology Officer
Chief Information Officer
Software Architect average salary increase
when switching jobs
within similar industries
C-Suite
Base salary range for 12 months (RMB'000)
IT Security
Base salary range for 12 months (RMB'000)
IT Support
Base salary range for 12 months (RMB'000)
IT Testing
Base salary range for 12 months (RMB'000)
Solution Consulting
Base salary range for 12 months (RMB'000)
Technical
Base salary range for 12 months (RMB'000)
Web Building
Base salary range for 12 months (RMB'000)
Top industries
* Responses are solely from companies that has hired contractors in the past
33% 4%
RMB 10,000 - RMB 50,000 -
75% Yes
20,000 80,000
21% 2%
RMB 20,000 - More than
35,000 RMB 80,000
25% No
Beijing Shanghai
2701 / 2708 SK Tower, 18/F, HKRI Centre Two
No.6 Jia Jianguomenwai Avenue, 288 Shimen Road (No. 1)
100022 Chaoyang District Beijing 200041 China Shanghai
Tel: +8610 5969 0666 | Fax: +8610 5969 0669 T +86 21 6062 3000 | F +86 21 6062 3001
Guangzhou Shenzhen
Suite 2803, Teem Tower, Suite 401B-402A, Tower 1, Kerry Plaza,
208 Tianhe Road, Tianhe District , No.1 Zhong Xin Si Road,
510620 Guangzhou Guangdong 518000 Futian District Shenzhen
T +86 20 2338 5700 | F +86 20 2338 5701 T +86 755 3396 0900 | F +86 755 3396 0901
Chengdu Suzhou
45/F, Tower 1, International Finance Square Room 1003, Tower 2, Jinghope Plaza
No.1 Hongxing Road Section 3, 88 Hua Chi Street, SIP
Jinjiang District, 215028 Suzhou Suzhou
610021 Chengdu Sichuan Province T +86 512 6799 5300 | F +86 512 6799 5301
T +86 28 6319 6500 | F +86 28 6319 6500
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