Survey: Electronics Managers In China Earn $8,000 A Year
Their desires sound like the hopes and dreams of managers everywhere. According to the survey, 43% would like to earn a higher salary, 42% want more career growth, and 32% want a position with more responsibility.
Electronics managers in China receive an average annual salary of slightly more than $8,000 with most receiving a yearly pay increase of 11 percent, according to a survey released Friday by Electronics Supply & Manufacturing-China (ESM-China,) a publication of Global Sources.
While salaries may be low compared with U.S. wages, most managers also receive benefits including pension plans and medical insurance. While improving, the salaries and benefits for managers in China are still low enough compared with the U.S. and other developed nations that high labor costs are unlikely to interfere with the unbridled growth of electronics and computer hardware manufacturing in China.
The Global Sources Salary & Career Development Survey polled 1,300 managers. "China's $373 billion electronics/IT market has a growing demand for capable managers," said ESM publishers Mark Saunderson in a statement. "Companies are improving their compensation packages and offering more opportunities for career growth to attract and keep managerial talent."
The study found that electronics managers typically work 47 hours a week. The largest industry segments polled were in consumer electronics where 27 percent were employed, 17 percent in communications and 15 percent in electronic components.
Their desires sound like the hopes and dreams of managers everywhere. Said Saunderson: "Managers are looking to enhance their current working conditions. Forty-three percent would like to earn a higher salary, 42 percent want more career growth, and 32 percent want a position with more responsibility."
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