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Salary control measures across China.(Data Page)(Survey)(Brief article)(Statistical data)
About two-thirds of the participants have plans control compensation costs, and the most prevalent practice is to control OT salary. About 16% of participants have applied a salary freeze, and 3.7% of them have applied a salary cut.
Compared with other industries, auto and semiconductor industries have more companies that are freezing salaries, and about 20% of companies in these industries have reported such a practice. For the machinery, pharmaceutical and medical device sectors, more than half of the participants reported they do not have a plan to control compensation costs thus far.
Compensation Cost Control Prevalence--Nationwide Cut 13th month guaranteed bonus 0.0% Delay Year End Variable Bonus payout ...
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