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HR consultants foresee smaller raises due to GDP factor

By Chen Meiling | China Daily | Updated: 2018-05-14 07:43

Salaries of employees in China are expected to grow at about 6 percent this year, compared with about 9.4 percent back in 2012, when the economy's focus shifted from rapid growth to high-quality development, experts said.

"We have studied the fluctuation trend of salaries worldwide for decades, and found it is highly linked to a country's GDP, whose influence may take one or two years to show," said Huang Xian, senior director of Korn Ferry Hay Group, a human resources consulting firm.

Data from the National Bureau of Statistics showed China's GDP grew 6.9 percent last year. The corresponding figure was 9.5 percent in 2011.

HR consultants foresee smaller raises due to GDP factor

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