Survey shows China’s professionals have high expectations – for low pay

A recent survey by recruitment firm Hays reveals a growing trend of pay stagnation and dissatisfaction among Chinese professionals. The survey, which included data from 13,000 professionals across Asia, found that 44% of Chinese professionals expect no salary increase in 2024, the highest in Asia, and 6% anticipate a pay cut. This follows a year where 51% of Chinese professionals received no raise, also the highest in the region. The findings highlight increasing dissatisfaction with pay, with 44% of Chinese professionals reporting dissatisfaction with their current salary. These trends reflect broader economic pressures in China, including a surplus of graduates and weak consumer demand, leading employers to keep salaries relatively low.

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