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Single Accounts Corporate Solutions Universities. This statistic shows the average yearly wages in the manufacturing sector in China from to As of , the average wages in manufacturing in China increased to approximately 82, yuan from 30, yuan in Loading statistic Show source. Download for free You need to log in to download this statistic Register for free Already a member?
Log in. Show detailed source information? Register for free Already a member? More information. Supplementary notes. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy.
People in top positions can easily get double or triple bonus rates than employees down the pyramid. The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked.
Hourly jobs pay per worked hour. 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.
The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard.
One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Where can you get paid more, working for a private company or for the government? Browse Salaries. How much money does a person working in Factory and Manufacturing make in China? Average Monthly Salary. What is the difference between the median and the average salary?
Salary Comparison by Years of Experience How does a person's salary progress over time? Share This Chart. Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well.
The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title. Salary variations differ from person to person. Salary Comparison By Education How does the education level affect your salary?
Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. However, the data displayed here is the combined average of multiple jobs. And if a Chinese employee is a Ph. Yantai offers the highest average salary of around 5,39, Yuan per year, followed by Suzhou, Keelung, and Shanghai. The Chinese government has put together a comprehensive legal framework to protect the rights of employees and increase their income.
The Labor Law and the Labor Contract Law amended in contain provisions for wages, working hours, employee contracts, benefits, and contract termination. For the past few decades, foreign companies have enjoyed the benefits of low-cost manufacturing delivered by the Chinese industries. Compared with other economic superpowers like the US and Germany, China is one of the most inexpensive countries in terms of labor costs.
China has one of the most vibrant startup ecosystems globally and is home to many high-growth IT companies. The Chinese education system produces 4. The average salary of a software developer in China is 1,89, Yuan to 3,57, Yuan.
The low wage makes it easier for outsourcing companies to hire quality software developers at a low rate. If you have Mandarin or Cantonese-speaking customers, outsourcing your customer service operations to China may prove beneficial for your business.
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