During
the initial years of Chinese economic expansion, the cost of hiring even the
most skilled professionals in China was surely a lot lesser than hiring similar
talent in most western countries. However, this trend has been undergoing a
rapid change over the past several years, especially with the steep rise in
salaries of skilled professionals. In fact, hiring a specifically skilled
professional in China today is almost as costly as and in some cases even more
expensive than hiring such professionals in other countries. So, it is
important for the recruiting organizations to factor in the annual salary rise
ranging from 8-10% and in some industries even 15-20% while looking for the
most suitable candidates.
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