Aligning needs and opportunities in the workplace

Careers and Employment Journal

Subscribe to Careers and Employment Journal: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Careers and Employment Journal: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Careers Journal Authors: Ben Bradley, Steve Latham, Mat Rider, Hiren Y, AppDynamics Blog

Related Topics: Careers and Employment Journal

News Feed Item

China Salary & Career Development Survey Shows Electronics Managers Paid Average of US$8,006 Annually; 75 Percent Received Pay Rises, 63 Percent Received Bonuses of US$1,936

China Salary & Career Development Survey Shows Electronics Managers Paid Average of US$8,006 Annually; 75 Percent Received P

HONG KONG, Dec. 9 /Xinhua-PRNewswire-FirstCall/ -- Global Sources' annual Salary & Career Development Survey shows managers in mainland China's electronics industry receive average annual salaries of US$8,006. Seventy-five percent recently received pay increases averaging 11 percent; and 63 percent received performance-based bonuses averaging US$1,936.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030303/LNM011LOGO-b )

More than 1,300 managers responded to the survey conducted by Global Sources publication Electronics Supply & Manufacturing-China (ESM-China).

ESM-China publisher Mark Saunderson said: "China's US$373 billion electronics/IT market has a growing demand for capable managers. Companies are improving their compensation packages and offering more opportunities for career growth to attract and keep managerial talent."

Benefits offered as part of compensation packages include: -- pension plans -- received by 74 percent -- medical/health insurance -- 69 percent -- life insurance -- 48 percent -- vacation/personal travel allowance -- 41 percent -- food and beverage allowance -- 41 percent

Respondents are typically 30 years old and work 47 hours a week. Twenty-seven percent work in consumer electronics, 17 percent in communications, 15 percent in electronic components and 9 percent in computer systems and peripherals.

China electronics managers want higher pay, more career growth

Saunderson said: "Managers are looking to enhance their current working conditions-43 percent would like to earn a higher salary, 42 percent want more career growth, and 32 percent want a position with more responsibility.

"Most plan to take action in the next 12 months. Twenty-six percent will look for new employment, 18 percent plan to upgrade their job skills, and 16 percent plan to find a different job within the same company."

Cash income and skills development top criteria in evaluating job opportunities

In evaluating new employment opportunities, managers rated total cash income the most important factor with a rating of 4.47 on a five-point scale. Other factors include:

-- Opportunity to learn new skills -- 4.3 -- Opportunity for promotion -- 4.27 -- Employer's reputation -- 4.13 -- Benefits offered by the new job -- 4.09 Location was considered the least important factor, at 3.74 points.

Complete results of the 2005 Salary & Career Development Survey are now available at the ESM-China website. Please visit http://www.esmchina.com/SITE/05SALARYEN.HTM for the English version and http://www.esmchina.com/SITE/05SALARYGB.HTM for the Chinese version.

Professionals interested in job opportunities in China and career development guidance can also visit Global Sources' job-search website, Career Sources China at http://www.csc.globalsources.com/ .

ESM-China is a key part of Global Sources' integrated information offering that covers the electronics industry from design to export. For the past 20 years, the magazine, its complementary website and technical events have served China's corporate, procurement and engineering managers by providing them the business and technology intelligence required for profitable manufacturing.

About Global Sources

Global Sources is a leading business-to-business (B2B) media company and a primary facilitator of two-way trade with Greater China. It provides sourcing information to volume buyers and integrated marketing services to suppliers.

The company helps its community of more than 463,000 active buyers to source more profitably from complex, overseas supply markets. With the goal of providing as many effective ways as possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in 230 countries.

The company offers the most extensive range of media and export marketing services in the industries it serves. Suppliers using its four primary channels -- online marketplaces, magazines, trade shows and direct online sales -- are supported by its advertising creative, education programs and online content management applications.

Global Sources delivers information on 1.4 million products and more than 130,000 suppliers annually through 10 leading online marketplaces and monthly magazines, more than 90 sourcing research reports, and 14 China Sourcing Fairs and other trade shows. Buyers send 5 million inquiries annually to suppliers through Global Sources Online ( http://www.globalsources.com/ ) alone. Global Sources Direct is the company's new initiative that helps suppliers sell online.

In mainland China, Global Sources has a 24-year track record and more than 1,300 team members in 44 locations. Its services are backed by 35 years experience as a trade magazine publisher, 14 years as an organizer of trade shows, and 10 years as an online marketplace operator.

Electronics Supply & Manufacturing-China is published by eMedia Asia Ltd., a joint venture between Global Sources and CMP, a leading integrated media company providing essential information and marketing services to the entire technology spectrum. The joint venture is a leading provider of new technology content, in print and online for the 150,000-plus technology specialists that drive the electronics industry in China and Asia. eMedia Asia Ltd. serves this community's ongoing need for the right information, at the right time through its integrated, local-language web networks, premier technical events and industry-leading publications -- Electronics Supply & Manufacturing-China, Electronic Engineering Times-Asia and Electronic Design-China.

Global Sources Press Contact in Asia: Camellia So Tel: +852-2555-5023 Email: [email protected] Global Sources Investor Contact in Asia: Eddie Heng Tel: +65-6547-2850 Email: [email protected] Global Sources Press Contact in U.S.: James W.W. Strachan Tel: +1-602-978-7504 Email: [email protected] Global Sources Investor Contacts in U.S.: Kirsten Chapman & Moriah Shilton Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Email: [email protected]

Web sites: http://www.globalsources.com
http://www.esmchina.com/SITE/05SALARYEN.HTM
http://www.esmchina.com/SITE/05SALARYGB.HTM
http://www.csc.globalsources.com

Global Sources Ltd.

CONTACT: For media in Asia, Camellia So, +852-2555-5023 or
[email protected], or in U.S., James W.W. Strachan, +1-602-978-7504, or
[email protected], both of Global Sources; For investors in Asia,
Eddie Heng, +65-6547-2850, or [email protected], in U.S, Kirsten Chapman
& Moriah Shilton, +1-415-433-3777, or fax, +1-415-433-5577, or
[email protected], of Lippert/Heilshorn & Associates, Inc., all for Global
Sources

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.