MNCs to maintain steady growth next year, however large local firms continue to aggressively expand their business in China.
Shanghai, China – October 16, 2015 – Salaries of Life Sciences professionals in China are expected to increase by 8 – 13% overall in 2015/16, according to the recently released China Salary Guide by ZW HR Consulting. Salaries have increased steadily across most life sciences areas since the beginning of 2015, and this trend looks set to continue. The results of the salary guide were based off the transactions between employers and employees therefore, adequately reflecting the Chinese marketplace.
Mr Jacky Sun, Director of Life Sciences for ZW HR Consulting said “With a robust APAC market, we have seen an increase in business development and sales activities in the healthcare, and life sciences sectors across China. The year 2015 is likely to turn out to be a reasonably good period for skilled professionals. We are seeing a high demand for Life Sciences related jobs, as MNCs and large local firms continue to aggressively expand their presence in China. Investment by ‘Big Pharma’ is driving demand for both technical and corporate services roles.”
The salary guide revealed that Life Sciences candidates are expecting salary increments ranging between 20-25% more. Those with additional skills such as extra languages, leadership capabilities and extensive experience within their industry have up to a 30% increase in salary. Ms. Joyce Jing, General Manager of ZW HR Consulting, hopes this salary guide will help organizations and talented professionals, gain a better understanding of the current state of wage pressures, as well as aiding to understand the “talent scarcity” in China. She also further stated that “skilled Life Sciences professionals can expect to see salary hikes” and that “employers will have to consider increasing salaries in order to keep pace with inflation, to attract the right talent, and to retain their critical workforce”
The Life Sciences professionals/skills who are likely to be in demand in 2015/16 are – R&D, Clinical Development, Medical Affair, Regulatory Affairs, Drug Safety and Quality Assurance.
China Salary Guide 2015 aims to provide employers and jobseekers alike with a comparative overview of salaries throughout China. This guide spans across to present a comprehensive review , on the changes discovered in salary patterns within diverse fields of Accounting, HR, Banking and Finance, Information Technology, Sales and Marketing, Life Sciences, Supply Chain and Logistics, and Engineering segments in China.
If you would like to learn more about the China Salary Guide 2015 or receive a copy of the salary guide, please visit our website www.zwhrconsulting.com or email us at marketing@zwhrconsulting.com
ZW HR Consulting Pte Ltd is headquartered at 20/F, Huiyin Building, No.758 West Nanjing Road, Shanghai, 200041. For more information visit www.zwhrconsulting.com.
About ZW HR Consulting
ZW HR Consulting provides recruitment solutions focused on mid-senior level professionals. Originally founded in Shanghai in 1998, ZW HR has since grown into one of the biggest and the oldest headhunting recruitment firms in China. With 11 offices across Asia, ZW HR Consulting currently has over 200 employees. As of 2012, ZW HR Consulting has become an exclusive member of InterSearch Worldwide. Established in 1989, InterSearch ranks as one of the top international executive search alliance organizations in the world, with 100 offices in over 50 countries.