On 9 September 2016, the Shenzhen Municipal Human Resource and Social Security Bureau announced the results of a benchmark study of local salaries this year (the “study”).
Overall, the study revealed that salaries in Shenzhen have increased in 2016 compared with the previous year. Local salaries of workers in the 75th and 25th percentiles increased by 1.17% and 8.44% year-on-year respectively. The median salary grew by 7.17% year-on-year, while the average salary was up by 8.19% compared with 2015.
The study focused on the main positions in several industries such as manufacturing, construction and finance. While local salaries increased in most sectors, those in the top three high-value industries of finance, software & information technology and real estate remained the same as last year. Average salaries in these three industries were RMB43,954, RMB41,314 and RMB34,559 respectively. For the low-value industries of accommodation & catering, manufacturing, as well as lease & commercial services, the average salaries were RMB2,385, RMB2,419 and RMB2,549 respectively.
