Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: KyrosL	4/18/2005 3:28:15 PM
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Looks like global pay equalization will come a lot sooner than we think. China's people problem "Pay and benefits are soaring. A Chinese middle manager at a foreign company in Beijing or Shanghai can now command total annual cash compensation (salary plus bonus) of $27,000-$32,000, says Hewitt...Add in the big contributions that employers must make to China's national security fund system and the total cost of an employee can be double his basic pay." economist.com

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