Top brass may get no pay hikes

Senior executives at nearly a quarter of Chinese companies would see no increase in their compensation packages this year, a survey by human resources consulting firm, Mercer, has found.

In all, 59 companies in China were included in the survey, of which 76 percent were listed companies and 39 percent, multinationals.

Around 34 percent of the surveyed companies said executive bonuses for 2008 would decrease. The average bonus level in Asia was 40 percent for 2008.