1、Chinese Mainland Executive Salary Outlook 2024Employment Trends Survey KPMG Executive Search and Recruitment Serviceskpmg/cn/en/home/services/tax/people-services20242Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a

2、member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookExecutive SummarySofter h

3、eadcount sentiment in the Chinese MainlandCandidatemarkets still active Salary outlooks are adjusting in view of uncertaintyTalent matching continues to present challengesRevenue generators and operationsare the key roles where headcount increments are expected in 202457%of all respondents expect to

4、 see29%of respondents are considering a career move in the first half of36%of respondents sought new opportunities in 2023,with 15%landing new jobsLarger pools We have observed as talents sought to differentiate themselves to stand outMore competition 2024 representing an increase compared to last y

5、ear despite softer market sentimentof candidates as job seekers searches46%of employers sourced talents from other regionsfound such challenges unmanageable97%of C-level and/or HR respondents experienced challenges in hiringthe right talents;and among those,49%73%of all surveyed respondents are will

6、ing to relocate for workwithin or to the Greater Bay AreaOrganisations have the opportunity tovia compensation and benefits and talent engagement Differentiate themselvesof respondents received an increment in salary followingModestsalary changes were reported by respondentsIncrements of 20%to 29%ar

7、e the most common expected change in salary upon career moves in 2024*expect the same or a higher bonus payment in 202488%63%career moves in 2023,with an24%average increment of expect pay increments in their 2024 salary reviews70%Higher bonuseswho stayed with the same employerwere received in 2023,w

8、hile2Chinese Mainland Executive Salary Outlook 2024sourced from overseasin 2023in China,while18%*increments of 30%or more were most expected in 202336%expect decreases in their workforces in22%of C-level respondentsexpect headcounts toincreased headcounts in 20242024,representing the most common res

9、ponseeither remain the same or grow during the yearbecame protracted and professionals returned from overseas,as well as 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG

10、 International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.3Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of

11、independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Key TakeawaysIn the context of greater economic uncertainty,employers are facing more pressure around costs and business performance.Secu

12、ring top talents remains crucial to an enterprises success and we are seeing organisations place a premium on transformational talents and revenue generators that are able to deliver results for the bottom line.David SiewPartner,People ServicesKPMG ChinaGBA OpportunitiesTalent ManagementSalary Outlo

13、okHeadcount Outlook3Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limit

14、ed by guarantee.All rights reserved.Printed in Chinese Mainland.Overall,headcount expectations are softer compared to prior years,reflecting a more challenging economic outlook.Amid a softer market and more crowded talent pool,candidates are increasingly needing to upskill in order to stand out from

15、 the competition.Candidates salary expectations have adjusted in view of softer sentiment.To attract top talents and distinguish themselves from other enterprises,employers should consider including flexible work arrangements and long-term incentive plans in benefits packages.With nearly three-quart

16、ers of respondents open to working in the Greater Bay Area(GBA),organisations should consider leveraging the strengths of the region,particularly the innovation and technology and financial services sectors.In the face of hiring challenges,organisations should explore talent markets outside of their

17、 local region to gain access to a larger pool of candidates.They can also enlist the support of external recruiters to leverage sector-specific expertise to identify quality talents.4Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chines

18、e Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Sector Highlights39%of respondents expect a salary increment of 10%or abo

19、ve at the same employer in 2024More than half of respondents expect to see no change in their bonus in 2024Candidates with digital skills and innovation capabilities are in demandConsumers MarketsIn 2023,demand for talent increased,but softer investment impacted enterprises performanceIn 2024,76%of

20、respondents expect a salary increment while at the same employer,and 49%expect their bonus to rise39%of respondents are considering career moves,making it the most active sectorInnovation and TechnologyHiring expectations are slightly down from last year but still cautiously optimistic,underscoring

21、the stability of public sector positions in the face of economic trendsPublic SectorLast year,new energy and semi-conductors drew significant investment,causing demand for relevant talents to rise sharplyIn 2024,over half of respondents are optimistic regarding salary and year-end bonus incrementsGo

22、ing forward,manufacturers are expected to benefit from technological innovation and global demandIndustrial MarketsExpectations for decreased headcounts rose in 2024Meanwhile,salaries are not expected to increase as much as in prior yearsProfessional ServicesSofter hiring trend compared to the prior

23、 yearHowever,more than half of respondents expect their salaries and bonuses to increase in 2024,reflecting a degree of optimism Financial Services21%3.43months76%49%20%2.86months80%43%22%3.78months72%41%28%4.63months66%56%18%1.06months72%38%25%3.84months68%51%Headcount Expectations2023 Bonus Payout

24、2024 Salary Review2024 Bonus ExpectationsGBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlookexpect a pay increase after their 2024 salary reviewexpect headcount increases at their Chinese Mainland operations in 2024(rises to 30%among C-levels)22%27%expect a decreaseaverage bonus paid i

25、n 20233.08 months70%6%expect a decreaseexpect their bonus to increase year-on-year in 202445%12%expect a decreaseAcross all sectors 4Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global or

26、ganisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Chinese Mainland Executive Salary Outlook 20240102030405P.7Headcount OutlookSalary OutlookP.14Talent ManagementP.28Greater

27、Bay Area Opportunities P.42ReferencesP.455Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private

28、 English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.6Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affilia

29、ted with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.About the SurveyFigure 2:Surveyed respondents(by seniority)This is the eighth annual KPMG Executive Salary Outlook.KPMG commissioned YouGov to conduct an online survey i

30、n which 1,103 business executives and professionals participated.Among these,551 respondents work in the Chinese Mainland or have a home base there and 552 respondents work or have a home base in Hong Kong(SAR).Overall,respondents were drawn from a variety of sectors,including innovation and technol

31、ogy,financial services,industrial markets,professional services,public services,and consumer markets.Among the respondents,38%held leadership positions(17%C-level and 21%department head or equivalent).Conducted between 2 and 14 January 2024,the survey sought professional perspectives on the employme

32、nt market and career opportunities in the Chinese Mainland in general as well as the Greater Bay Area(GBA)in particular.The research covered the latest headcount expectations,salary outlook and talent trends,among other topics.The views of respondents from Hong Kong were only taken into account in t

33、his report for the section on the employment prospects of the GBA.Figure 1:Working locationBase:All respondents in the Chinese Mainland and Hong Kong SARSource:KPMG survey analysisC-levelBase:All respondents in the Chinese Mainland and Hong Kong SARSource:KPMG survey analysis17%21%35%27%Department h

34、ead or equivalentManager or senior managerAssistant manager or below50%19%19%12%Southern ChinaEastern ChinaNorthern ChinaHong Kong SARGBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook6Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability

35、company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Chinese Mainland Executive Salary Outlook 202401Headcoun

36、t Outlook7Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guar

37、antee.All rights reserved.Printed in Chinese Mainland.8Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limi

38、ted,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Headcount ExpectationsGBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookIn 2024,more than one-third of C-level decision-makers expect decreases in headcounts,reflecting their recognition

39、 of economicuncertainties.On the other hand,three in ten are optimistic about headcount growth for the year.Figure 3:Headcount expectations of C-level respondentsOverall,22%of all respondents are expecting headcount increases in 2024Base:All C-level respondents in the Chinese MainlandNote:Numbers ma

40、y not add up to 100%due to roundingSource:KPMG survey analysisNo change27%Decrease36%Increase30%Uncertain7%2024No change26%Decrease23%Increase41%Uncertain9%20239Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a membe

41、r firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Headcount ExpectationsIn China,we are recruiting for certain open roles,and we plan to slightly

42、 raise our headcount.On the other hand,in South Asia we will probably see a reduction,and we expect our headcount in Europe to remain the same.David LuVice President of Global OperationsLeggett&Platt AutomotiveMany enterprises are streamlining operations,automating certain capabilities and reducing

43、costs in response to financial pressure.Nevertheless,approximately six in ten C-level respondents expect to either maintain or expand their workforces in 2024,signifying a degree of optimism in certain organisations.C-level decision-makers are slightly more positive than the general workforce in 202

44、4 with a larger portion of the former expecting headcount increments during the year.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook10Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of

45、 the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Headcount Expectations across SectorsBase:All respondents in the Chinese MainlandSource:KPMG survey anal

46、ysisFigure 4:Respondents expecting headcount increases(by sector)Consumer marketsFinancial servicesInnovation and technologyProfessional servicesPublic sectorIndustrial marketsOverall20%25%28%33%21%38%18%34%22%28%25%28%22%31%Base:All respondents in the Chinese MainlandSource:KPMG survey analysisFigu

47、re 5:Respondents expecting headcount decreases(by sector)Consumer marketsFinancial servicesInnovation and technologyProfessional servicesPublic sectorIndustrial marketsOverall29%17%13%36%9%19%8%24%23%27%21%21%19%31%2024202320242023Expectations of increased headcounts declined across all sectors in 2

48、024 compared to the prior year,with a corresponding increase in expectations of falling headcounts.In the face of headwinds in the global economy,many employers are adopting a conservative approach to hiring.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook11Chinese Mainland Executiv

49、e Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed i

50、n Chinese Mainland.Headcount Expectations across SectorsSofterheadcount expectations in this sector reflect a combination of lighter demand and the industrys transition towards a focus on higher quality goods and services1.Consumers MarketsHeadcount expectations in 2024 are cautiously optimistic.The

51、 growing use of technology and regulatory changes2are causing new positions to emerge and certain traditional roles to become less prominent.As a result,enterprises are adopting a more prudent approach to hiring.This trend is likely to cause the industry to become less reliant on hiring large headco

52、unts in the long term.Financial ServicesCompetition for top technology talents is intense and candidates with the required skillsets are sometimes difficult to find in the local market3.Talent needs related to artificial intelligence(AI)and large models are surging in particular4.Despite short-term

53、turbulence,trends around emerging technologies present this sector with promising growth prospects in the medium to long term.Innovation and Technology1Boosting consumption seen as key to reviving economy,China Daily,6 September 2023,https:/ new financial watchdog gets teeth to take on fintech risks

54、,South China Morning Post,12 November 2023,https:/ quietly recruits overseas chip talent as US tightens curbs,Reuters,24 August 2023,https/ AI talent pool limited amid surging job demand triggered by ChatGPT race,report finds,South China Morning Post,7 November 2023,https:/ OpportunitiesTalent Manag

55、ementSalary OutlookHeadcount OutlookStrategic workforce planning extends beyond simply managing headcount.It entails designing job structures that prioritise critical skills,enabling us to achieve efficient and scalable operations that align with our overarching business strategy.Sara HoGroup Chief

56、Human Resources OfficerJebsen&Co.Ltd12Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private Eng

57、lish company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Headcount Expectations across Sectors5Big Four accounting firms expand ESG hiring in Hong Kong,mainland China as tougher regulatory compliance exposes deficit in talent,South China Morning Post,8 May 2022,https:/ appro

58、ves decision on front-loading 2024 local government bond quota,State Council of the Peoples Republic of China,25 October 2023,https:/ Economy Witnessed Momentum of Recovery with Solid Progress in High-quality Development in 2023,National Bureau of Statistics of China,17 January 2024,https:/ year,the

59、 professional services sector witnessed strong hiring,particularly in the areas of digital technology and ESG5.Despite a 16%tumble in expectations for headcount increases in 2024,18%of respondents are still expecting headcount growth.From 2023 to 2024,expectations for increased headcounts declined,p

60、ossibly reflecting tighter budgets at the local government level.However,supportive fiscal policies enacted by the national government give this sector cause for optimism6.Based on positivity around industrial demand and advances in technology,hiring intentions in this sector are relatively strong,w

61、ith 25%of all respondents expecting headcount increases in 2024.Expanded investment in infrastructure and manufacturing in the previous year has laid a solid foundation for this sector in 20247.Professional ServicesPublic SectorIndustrial MarketsGBA OpportunitiesTalent ManagementSalary OutlookHeadco

62、unt Outlook13Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by g

63、uarantee.All rights reserved.Printed in Chinese Mainland.Headcount Expectations across Job FunctionsFigure 6:Areas of focus for headcount increasesBase:C-level and HR respondents in the Chinese Mainland who are expecting an increased headcountRespondents were invited to choose more than one answerSo

64、urce:KPMG survey analysisESG:Environmental,Social and Corporate Governance43%69%Sales,fee earners,and client relationsOperations14%Marketing and branding29%Product6%11%3%11%11%Finance and accountingOther front office functionsESGHRInvestment26%ITHigher expectations for operations headcounts are seen

65、 this year,as many employers are looking to improve operating efficiency to save costs.In addition,headcount expectations for marketing and branding are also optimistic,showing that enterprises are seeking to enhance market penetration and strengthen their image.GBA OpportunitiesTalent ManagementSal

66、ary OutlookHeadcount OutlookIn 2024,hiring expectations for salespersons,fee earners and client relationship personnel are strong,reflecting the pivotal role these talents play in generating revenue.02Salary Outlook2023 Retrospect 2024 OutlookChinese Mainland Executive Salary Outlook 202414Chinese M

67、ainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights re

68、served.Printed in Chinese Mainland.15Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private Engl

69、ish company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Career Moves in 202336%sought new job opportunities in 2023Figure 7:Respondents reporting a career moveBase:All respondents in the Chinese MainlandSource:KPMG survey analysis2022202115%26%The job market is evolving,and

70、new skills and competencies are constantly emerging.If job seekers lack the experience that employers are looking for,they should consider developing relevant new skills in order to compete in the talent market.Kitty LuDirector,Executive Search and Recruitment(Chinese Mainland)KPMG China202334%GBA O

71、pportunitiesTalent ManagementSalary OutlookHeadcount OutlookIn 2023,36%of respondents sought new job opportunities,with only 15%landing new positions,reflecting challenges in the effort to match talents with suitable roles.16Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Lim

72、ited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Career Moves in 2023Overall,a s

73、maller portion of respondents reported career moves compared to the prior year.The biggest decline was seen among managers and senior managers,and assistant managers and below,although this may represent a return to normal following highcareer move activity in 2021 and 2022.Base:All respondents in t

74、he Chinese MainlandSource:KPMG survey analysisFigure 8:Respondents reporting career moves(by seniority)C-levelDepartment head or equivalentManager or senior managerAssistant manager or below2023202213%22%17%20%17%31%12%26%In 2023,fewer talents successfully made career moves,which caused candidate po

75、ols to grow larger and competition to intensify among job seekers.Going forward,professionalspursuing career moves may need to upskill to suit the needs of the market.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook17Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(

76、China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Career Moves in 2023 F

77、igure 9:Average salary increase upon career movesBase:All respondents in the Chinese Mainland that changed jobs in 2023/2022Source:KPMG survey analysis24.10%202335.70%2022of respondents who made career moves in 2023 saw a salary increment63%Given more conservativeheadcount planning,organisations oft

78、en have higher expectations for candidates and extend interview processes to ensure the right talent is hired.In cases where the candidate does not fully meet expectations or represent the best fit,HR professionals may need to find other justifications to hire the person,such as offering more reason

79、able base salaries.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookCandidates still received an increment in salary following a career move,but the increases were more modest compared to 2022.In the job market,employers tended to be more conservative in hiring decisions.18Chinese Ma

80、inland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights res

81、erved.Printed in Chinese Mainland.Career Moves in 2023 Base:All respondents in the Chinese Mainland that changed jobs in 2023 and 2022(Actual)/All respondents in the Chinese Mainland(Expected)Note:Numbers may not add up to 100%due to roundingSource:KPMG survey analysisFigure 10:Expected and actual s

82、alary change upon career movesIncrease of 30%or moreIncrease of 20%-29%Increase of 10%-19%Increase of 10%-No changeDecrease2023 actual2023 expected2022 actual2022 expected19%17%25%20%41%29%17%9%3%31%17%21%10%21%43%28%14%12%20%3%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookIn 2023

83、,the gap between expected and actual salaries following career moves widened compared to 2022.While over two-thirds of respondents expected a salary increase of 20%or more in 2023,an increment of between 0%and 10%was the most common.On the other hand,one-fifth of respondents reported a salary increa

84、se of 30%or more after changing jobs,reflecting that employers are still willing to meet the salary expectations of high-quality talents.19Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG glo

85、bal organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Salary Review in 2023 of respondents received salary increments following salary reviews53%2023Figure 11:Salary chang

86、e in 2023Base:All respondents in the Chinese Mainland that stayed with the same employer in 2023Note:Numbers may not add up to 100%due to roundingSource:KPMG survey analysisIncrease of 16%or moreIncrease of 10%-15%Increase of 6%-9%Increase of 3%-5%Increase of less than 2%No changeDecrease2023202212%

87、15%17%19%15%35%4%4%5%14%6%40%7%61%20228%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookProfessionals who remained with the same employer in 2023 reported more modest changes in their salary review with 40%indicating they saw a salary freeze last year.20Chinese Mainland Executive Sa

88、lary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Ch

89、inese Mainland.One-third of managers and senior managers,and assistant managers and below received a salary increment of 10%or more in 2023.In general,employees at lower seniority levels tend to be more active,as the job opportunities that require their level of experience outweigh those at leadersh

90、ip level.These higher increments likely reflect employers effort to retain talents at these seniority levels.In contrast with the previous year,fewer respondents across all seniority levels received a 10%or higher increment in 2023,implying that respondents had less bargaining power than in 2022.Sal

91、ary Review in 2023Base:All respondents in the Chinese Mainland that stayed with the same employer in 2023Source:KPMG survey analysisFigure 12:Salary change of 10%or more(by seniority)C-levelDepartment head or equivalentManager or senior managerAssistant manager or below2023202219%25%31%32%23%32%36%4

92、2%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook21Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG Inte

93、rnational Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Bonus Payments in 2023Figure 13:Bonus received as a multiple of monthly salary(by sector)Base:All respondents in the Chinese MainlandSource:KPMG survey analysisConsumer markets2.861.572.6

94、8Financial services4.633.793.98Innovation and technology3.432.602.333.843.013.443.781.172.211.061.551.18All sectors3.082.442.81202320222021Professional servicesPublic sectorIndustrial marketsGBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookWe should note that,in many cases,bonuses fo

95、r a calendar year are paid out at the beginning of the following year,i.e.,bonuses received in 2023 may relate to performance in 2022.Additionally,in the face of uncertainty regarding business performance,some enterprises have shifted a portion of their base salaries to bonuses.These factors may hav

96、e resulted in rosier data for 2023 than what market conditions might suggest.In 2023,respondents across most sectors and seniority levels received higher bonuses than in the previous 2 years,with bonusesfor financial services and industrial markets standing out.22Chinese Mainland Executive Salary Ou

97、tlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese M

98、ainland.Bonus Payments in 2023Figure 14:Bonus received as a multiple of monthly salary(by seniority)Assistant manager or belowC-levelDepartment head or equivalentManager or senior manager4.332.843.153.563.103.003.043.862.962.361.251.20GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook

99、On average,in 2023,respondents saw a bonus increment amounting to 0.64 months salary.Across seniority levels,C-level personnel and assistant managers or below saw the most significant increases compared to last year.Base:All respondents in the Chinese MainlandSource:KPMG survey analysis202320222021A

100、ll sectors3.082.442.8102Salary Outlook2023 Retrospect 2024 OutlookChinese Mainland Executive Salary Outlook 202423Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of indep

101、endent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.24Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member

102、 firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Career Moves in the Coming 6 monthsBase:All respondents in the Chinese MainlandSource:KPMG surve

103、y analysisBase:All respondents in the Chinese MainlandSource:KPMG survey analysisFigure 15:Respondents considering a career move in the first half of 2024Figure 16:Respondents considering a career move in the first half of 2024(by sector)No37%Uncertain34%Yes29%Consumer markets31%25%39%25%19%35%29%A

104、portion of candidates who consider themselves under-employed are looking for new roles to further their professional goals.From a sectoral perspective,more than one-third of respondents in innovation and technology and industrial markets are looking to make career moves in the first half of 2024.GBA

105、 OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookAgainst a backdrop of economic uncertainty,29%of respondents say they are looking to make career moves in 2024,representing an increase from 24%in the prior year,which may reflect concerns around redundancies during the year.Financial ser

106、vicesInnovation and technologyProfessional servicesPublic sectorIndustrial marketsOverall25Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms aff

107、iliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Expected Salary Increment for Career Moves in 2024GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookFigure 17:Expected salary change upon career moves

108、 in 2024Figure 18:Expected salary increase of 10%or more for career moves in 2024(by sector)Base:All respondents in the Chinese MainlandSource:KPMG survey analysisConsumer marketsFinancial servicesInnovation and technologyProfessional servicesIndustrial marketsPublic sectorOverallDesign The most com

109、mon expected salary change shifted from an increment of 30%or more in 2023 to an increase of 20%to 29%in 2024 reflecting that salary expectations are adjusting in the face of market uncertainty.At the same time,a majority of respondents across all sectors expect a salary increment of 10%or more foll

110、owing career moves.Increase of 30%or moreIncrease of 20%-29%Increase of 10%-19%Increase of 10%-No changeBase:All respondents in the Chinese MainlandNote:Numbers may not add up to 100%due to roundingSource:KPMG survey analysis2024202341%26%29%17%9%3%29%21%19%4%88%80%78%69%74%72%77%Decrease26Chinese M

111、ainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights re

112、served.Printed in Chinese Mainland.Expected Salary Review in 2024Base:All respondents in the Chinese MainlandSource:KPMG survey analysisFigure 20:Respondents expecting a salary increase with existing employer(by sector)Consumer marketsFinancial servicesInnovation and technologyProfessional servicesP

113、ublic sectorIndustrial marketsOverall80%77%66%64%76%69%72%80%72%40%68%63%70%69%Figure 19:Expected salary change with existing employer 20242023Base:All respondents in the Chinese MainlandNote:Numbers do not add up to 100%due to roundingSource:KPMG survey analysis2024Increase of 16%or moreIncrease of

114、 10%-15%Increase of 6%-9%Increase of 3%-5%Increase of less than 2%No changeDecrease15%19%19%8%24%6%10%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookRespondents in the Chinese Mainland continue to have high expectations for salary outlook in 2024,with the most optimism seen in cons

115、umer markets and innovation and technology.More than one-third of respondents expect salary increments of 10%or more with the same employer.27Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG

116、global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Expected Bonus in 2024Nearly half of respondents expect their bonus in 2024 to be higher than in the previous year

117、.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookBase:All respondents in the Chinese MainlandSource:KPMG survey analysisFigure 21:Expected bonus change with existing employerDecrease12%No change43%Increase45%56%of respondents infinancial services expect an increase in their2024 bonu

118、ses03Talent ManagementTalent SourcingTalent Retention and AttractionCompensation and BenefitsChinese Mainland Executive Salary Outlook 202428Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG g

119、lobal organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.29Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Ch

120、inese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Talent Markets where OrganisationsHiredFigure 22:Markets in which tal

121、ents were hiredBase:All respondents in the Chinese Mainland that are C-level and/or HRRespondents were invited to choose more than one answerSource:KPMG survey analysisOverseas talent marketOther regions in the China talent marketLocal talent market in your region18%46%81%In general,talents looking

122、to make career moves are more likely to consider relocating if they find better opportunities and higher pay.As a sector with strong growth momentum,the innovation and technology industry is particularly eager to attract highly-educated overseas talent back to the Chinese Mainland.GBA OpportunitiesT

123、alent ManagementSalary OutlookHeadcount OutlookA large majority of employers are hiring locally as their regions offer a dependable supply of candidates.However,to address talent shortages and enhance their regional and global outlook,enterprises are becoming more open to candidates from other regio

124、ns of China and even overseas.30Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English c

125、ompany limited by guarantee.All rights reserved.Printed in Chinese Mainland.Sourcing the Right Talent 97%of respondentsexperienced challenges in hiring the right talent to meet business needsAmong those,49%found such challengesunmanageableOverall,GBA OpportunitiesTalent ManagementSalary OutlookHeadc

126、ount OutlookThe competition for talent has begun,and enterprises are adopting strategies to acquire talents who will deliver significant value.To this end,enterprises are cultivating digital recruitment experience and engaging in targeted talent acquisition.Jack ZhengHead of People Experience,ChinaS

127、ime DarbyVirtually all C-level and/or HR respondents faced challenges in hiring the right talent,and nearly half found such challenges unmanageable.31Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of t

128、he KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Sourcing the Right TalentAlmost all employers find hiring the right talents challenging,and the demands of

129、 enterprises often do not match the supply of talents in the market.Meanwhile,employers may not be able to meet candidates expectations in respect of higher salaries,work-life balance,flexible work arrangements,etc.This mismatch in preferences presents significant challenges for enterprises efforts

130、to attract suitable candidates.In addition,talent pools in some regions or industries are limited,exacerbating recruiting issues.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookFigure 23:Challenges in hiring the right talent to meet business needsBase:All respondents in the Chinese

131、Mainland that are C-level and/or HRNote:Numbers do not add up to 100%due to roundingSource:KPMG survey analysisNot challenging at allSomewhat challenging but manageableQuite challengingVery challengingExtremely challenging3%48%33%13%2%32Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Adviso

132、ry(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Sourcing the Right

133、Talent In the year ahead,the competition for talent will only grow more intense.Recruitment efforts will not only focus on identifying talents with expertise in emerging forms of business and new sectors,but also on poaching mid-to-high-level experts in existing industries.81%of enterprises used int

134、ernal talent acquisition for hiring67%of enterprises used external recruitment agenciesLena YanVice President,Human ResourcesFTXT Energy TechnologyGBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookAmong enterprises that rely solely on internal talent acquisition channels,87%found chal

135、lenging hiring.To address this issue,two-thirds of employers used external recruitment agencies,which are able to leverage sector-specific expertise and wide talent networks to save time and costs for employers and deliver quality talents.03Talent ManagementTalent SourcingTalent Retention and Attrac

136、tionCompensation and BenefitsChinese Mainland Executive Salary Outlook 202433Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with K

137、PMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.34Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation

138、 of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Talent Retention Salary and compensation package,career progression and promotion,work flexibility and work-life balance,and learning

139、 and development continued to be the four leading drivers for candidates seeking career moves.Figure 24:Drivers for seeking new job opportunities Base:All respondents in the Chinese MainlandRespondents were invited to choose more than one answerSource:KPMG survey analysis2024202371%72%65%69%40%42%24

140、%28%23%19%22%18%15%18%14%16%Salary and compensation packageCareer progression and promotionWork flexibility and work-life balanceOrganisationalcultureConvenient work location Workload and work pressureJob securityLearning and development opportunitiesDuring the era of pandemic restrictions,talents e

141、njoyed more flexible work arrangements and other benefits,but organisations have recently started taking measures to encourage employees to return to the workplace8,presenting a possible source of friction.8KPMG 2023 CEO Outlook,KPMG,5 October 2023,https:/ OpportunitiesTalent ManagementSalary Outloo

142、kHeadcount Outlook35Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limit

143、ed by guarantee.All rights reserved.Printed in Chinese Mainland.Compared to other seniority levels,C-level personnel were more likely to cite organisational culture as a driver for seeking new opportunities,reflecting their understanding that an enterprises culture can be harnessed to drive strategi

144、es and growth.Talent RetentionFigure 25:Drivers for seeking new job opportunities Base:All respondents in the Chinese MainlandRespondents were invited to choose more than one answerSource:KPMG survey analysisWork flexibility and work-life balance44%44%31%Average:40%31%Manager or senior managerAssist

145、ant manager or belowOrganisationalculture12%12%19%Average:15%27%C-levelDepartment head or equivalentSenior managers and managers,and assistant managers and below were more likely to focus on work flexibility and work-life balance,which may be due to the intense pressure arising from the task-oriente

146、d nature of their roles.GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook36Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms aff

147、iliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Talent Engagement Over half(57%)of respondents indicated they are actively looking to make career moves due to their lack of satisfaction in theworkplace.Among respo

148、ndents who are looking to change jobs in the first half of 2024(Figure 15),19%were comfortable and motivated to continue working for their current employers.Figure 26:Level of engagement at workBase:All respondents in the Chinese Mainland/All respondents in the Chinese Mainland who considered a care

149、er move in the first half of 2024 Source:KPMG survey analysisI am demotivated and would not recommend my organisation as a great place to workI am not uncomfortable working for my current employer but would change jobs if I find a good role in another organisationI am comfortable continuing to work

150、for my current employer for nowI am very motivated in my job with my current employer and want to continue to work for the organisationI am highly motivated and would recommend my organisation as a great place to workAll respondentsRespondents who intend to change jobs in the coming 6 months11%46%18

151、%17%8%26%55%6%Talents are increasingly focusing on sustainable development issues;and diversity,equity,and inclusion(DEI)initiatives are becoming key to attracting and retaining talent.In the future,providing equal career development opportunities,building a diverse team and work environment,and cul

152、tivating a culture of inclusiveness will be essential.Grace WuDeputy Party Secretary,Vice President of TCL Technology,Head of OrganisationTCL Technology Group Corporation8%5%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount Outlook37Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Ad

153、visory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Crucial Skills

154、and Knowledge for Individuals Rebecca HuPartnerPeople and ChangeKPMG ChinaIn 2024,in addition to quantitative capabilities,we continue to see professionals focusing on developing soft skills in the BANI world*such as flexibility,ability to adapt to change,fast learning and interpersonal communicatio

155、n.Figure 27:Core elements intheworkplaceBase:All respondents in the Chinese MainlandRespondents were invited to choose more than one answerSource:KPMG survey analysisAnalytical decision-making,data analysis and data scienceCommercial sense and business awarenessAgile skills in product and project ma

156、nagementMental elasticity,flexibility and openness to changeInterpersonal skills,communication and collaboration skillsLearning and application of new skill setsBusiness transformationKnowledge of the China and/or other overseas markets47%30%24%18%34%26%19%15%GBA OpportunitiesTalent ManagementSalary

157、 OutlookHeadcount OutlookAnalytical decision-making,data analysis and data science skills;and interpersonal,communication and collaboration skills remained the two most crucial capabilities in the workplace,reflecting the same skills ranking as in 2023.*“BANI”world refers to the Brittle,Anxious,Nonl

158、inear and Incomprehensible framework38Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private Eng

159、lish company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Crucial Skills and Knowledge for Individuals With the changes emerging technologies and transformation initiatives are bringing to organisations,respondents across all seniority levels continued to rank analytical deci

160、sion-making,data analysis and data science skills as the most critical.Base:All respondents in the Chinese MainlandRespondents were invited to choose more than one answerSource:KPMG survey analysisC-levelDepartment head or equivalent Manager or senior managerAssistant manager or belowAnalytical deci

161、sion-making,data analysis and data science44%Commercial sense and business awareness26%Establishing strategic business partnerships26%Mental elasticity,flexibility and openness to change26%Analytical decision-making,data analysis and data science41%Commercial sense and business awareness36%Interpers

162、onal skills,communication and collaboration skills33%Agile skills in product and project management32%Analytical decision-making,data analysis and data science51%Interpersonal skills,communication and collaboration skills37%Commercial sense and business awareness34%Learning and application of new sk

163、ill sets26%Analytical decision-making,data analysis and data science48%Interpersonal skills,communication and collaboration skills35%Learning and application of new skill sets34%Commercial sense and business awareness24%GBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookFigure 28:Core

164、elements intheworkplace(by seniority)03Talent ManagementTalent SourcingTalent Retention and AttractionCompensation and BenefitsChinese Mainland Executive Salary Outlook 202439Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainla

165、nd and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.40Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited

166、,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Compensation and BenefitsGBA Opport

167、unitiesTalent ManagementSalary OutlookHeadcount OutlookGabriel HoDirector,People ServicesKPMG ChinaSalary and compensation package continues to be the leading driver for candidates seeking career moves.To attract and retain talents,employers should strengthen their benefit offerings on top of salary

168、 packages.By offering benefits such as flexible work arrangements and long-term incentive awards,organisationscan differentiate themselves and boost their recruiting efforts.Salary and compensation packageCareer progression and promotion71%65%40%24%Work flexibility and work-life balanceLearning and

169、development opportunities41Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English compan

170、y limited by guarantee.All rights reserved.Printed in Chinese Mainland.Compensation and BenefitsBase:All respondents in the Chinese Mainland with a full-time jobRespondents were invited to choose more than one answerNote:A new option,“Fertility,maternity,paternity and childcare benefits,”was added t

171、o the 2024 surveySource:KPMG survey analysisFigure 30:Most desired benefits 73%Flexible work72%Medical benefits for you and/or family members69%Share options,share awards or long-term incentive awards60%Housing benefits 58%Flexible benefits arrangementFigure 29:Benefits provided72%Medical benefits f

172、or self41%Medical benefits for family members41%Flexible work34%Fertility,maternity,paternity and childcare benefits31%Transportation allowance30%Life insurance coverage for self28%Share options,share awards or long-term incentive awards 24%Housing benefits18%Flexible benefits arrangement11%Child ed

173、ucationGBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookBase:All respondents in the Chinese Mainland with a full-time jobRespondents were invited to choose more than one answerSource:KPMG survey analysis04Greater Bay Area OpportunitiesChinese Mainland Executive Salary Outlook 202442C

174、hinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All r

175、ights reserved.Printed in Chinese Mainland.43Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a priv

176、ate English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Greater Bay Area OpportunitiesAt the same time,collaboration,inclusiveness and open-mindedness are equally important factors in attracting talent.In the years ahead,I expect the GBA strategy to transform the reg

177、ions talent landscape and propel the economy to new heights.Dr.Sabrina TinGroup Chief People OfficerHop Lun(Hong Kong)Ltd.Figure 31:Top three motivations for working in GBA citiesBase:All respondents in the Chinese Mainland and Hong Kong SARRespondents were invited to choose more than one answerSour

178、ce:KPMG survey analysisBetter career and industry prospectsHigher incomeBroader work exposure69%63%57%73%willing to relocate for work within or to the Greater Bay AreaGBA OpportunitiesTalent ManagementSalary OutlookHeadcount OutlookIn 2024,73%of respondents would consider relocating within or to the

179、 Greater Bay Area(GBA)for work.The top three factors luring them to the region are better career and industry prospects,higher income,and exposure to a greater breadth of work.44Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mai

180、nland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Key Industries in the Greater Bay AreaGBA OpportunitiesTalent ManagementSalary

181、 OutlookHeadcount OutlookIn 2024,innovation and technology,financial services,and professional and consulting services are expected to present the most job opportunities in the GBA.Meanwhile,in the context of softer demand,expectations for job creation in the regions trading,logistics and supply cha

182、in sector fell over 10%from the previous year.Kitty LuDirector,Executive Search and Recruitment(Chinese Mainland)KPMG ChinaThe talent landscape in the Greater Bay Area is poised to become more diverse and comprehensive.Going forward,professionals will need to be not only technically proficient,but a

183、lso innovative,collaborative and adaptable,to meet market needs in the region.Figure 32:Industries in which the GBA is expected to create the most job opportunitiesBase:All respondents in Hong Kong SAR and the Chinese MainlandRespondents were invited to choose more than one answerSource:KPMG survey

184、analysisInnovation and technology60%43%28%27%25%Many Fortune 500 enterprises and global financial institutions have established offices in the GBA.As a hub for innovation and technology,the region presents a plethora of opportunities in fields such as AI,fintech and semi-conductors.Talents looking t

185、o make career moves can leverage these emerging technologies to further their professional goals.The GBA boasts a well-developed transportation network,making commuting easy within the region.Additionally,its strategic location provides convenient access to other major cities in Asia and beyond.Whil

186、e infrastructure is already well-developed,it is still growing.Financial servicesProfessional and consulting servicesHealthcare and life scienceTrading,logistics,and supply chain45Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese M

187、ainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.References1Boosting consumption seen as key to reviving economy,China Daily,

188、6 September2023,https:/ new financial watchdog gets teeth to take on fintech risks,South China Morning Post,12 November 2023,https:/ quietly recruits overseas chip talent as US tightens curbs,Reuters,24 August 2023,https/ AI talent pool limited amid surging job demand triggered by ChatGPT race,repor

189、t finds,South China Morning Post,7 November 2023,https:/ Four accounting firms expand ESG hiring in Hong Kong,mainland China as tougher regulatory compliance exposes deficit in talent,South China Morning Post,8 May 2022,https:/ approves decision on front-loading 2024 local government bond quota,Stat

190、e Council of the Peoples Republic of China,25 October 2023,https:/ Economy Witnessed Momentum of Recovery with Solid Progress in High-quality Development in 2023,National Bureau of Statistics of China,17 January 2024,https:/ 2023 CEO Outlook,KPMG,5 October 2023,https:/ Mainland Executive Salary Outl

191、ook 2024 2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mai

192、nland.Contact Us Karmen YeungNational Head of People and EnterpriseKPMG China+852 2143 Chinese Mainland Executive Salary Outlook 2024Employment Trends Survey Eighth Edition ChineseEnglishDavid SiewPartner,People ServicesKPMG China+852 2143 Eric ChengDirector,Executive Search and Recruitment(Hong Kon

193、g SAR)KPMG China+852 3927 Kitty LuDirector,Executive Search and Recruitment(Chinese Mainland)KPMG China+852 3813 Gabriel HoDirector,People ServicesKPMG China+852 3927 Isabel LiuDirector,People ServicesKPMG China+852 2913 47Chinese Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China)Limit

194、ed,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.Private EnterpriseKPMG Private En

195、terprise advisers understand what is importantto you.We work with many entrepreneurs and providebespoke advice on how to handle a wide variety of issues.Whether you are looking to start an innovative and fast-growing enterprise or running an established one and looking for an exit,we can help you na

196、vigate any challenges you face from familybusiness,to family office and private wealth,KPMG Private Enterprise has you covered.You gain access to KPMGs global resources through a single point of contact a trusted adviser to your enterprise.We providea local touch with global reach.Executive Search a

197、nd RecruitmentEffective Talent SolutionKPMG Executive Recruitment Limited operates as part of KPMG Chinas People and Enterprise Division.It was established in 1994 in Hong Kong SAR.We recruit specialists in a range of professional areas for permanent and contract roles.Our larger teams recruit acros

198、s many more areas and break down their core disciplines into many different specialist teams.Our servicesOur team has expertise inIndustriesFinancial Services Technology&Digital Finance&AccountingHuman ResourcesSales and Marketing Supply Chain&Procurement Business Administration&Secretarial Executiv

199、e SearchTalent Mapping SolutionsOur expertise lies in filling high-level,confidential,urgent,and challenging positions.We prioritisebuilding trust with candidates,providing professional career advice,and presenting a wide range of options.With a deep understanding of the talent market,we can acquire

200、 information about your competitors and proactively build a talent pool for your organisation.Talent Assessment&Development ProgrammesWe evaluate candidate quality and strive to align our clients core values with those of potential candidates.Outplacement Advisory ServicesOur comprehensive approach

201、to career transitions includes a new job introduction programme.We offer workshops on passive dismissal techniques to help individuals smoothly transition out of their current Search and Recruitment HomepageLatest opportunitiesPeople ServicesSupporting your talent needsOur servicesExecutive Search a

202、nd Recruitment Talent search and recruitmentRemuneration benchmark and surveyTalent and skills assessmentImmigration ServicesEmployment and dependent visa applicationsTalent admissionsInvestment visasReward PlanningEquity incentive plan design and implementationRental Reimbursement policy and scheme

203、 designPension optimization and restructuringPayroll ServicesPayroll outsource and managed servicePension setup and administrationPayroll,tax and legal review and health checkGlobal Mobility ServicesGlobal mobility programme and policy designAssignee tax and immigration supportMobility operations su

204、pport and managed servicesAgile Working SolutionsHybrid work planning Work from anywhere Business traveller supportFamily governance advisoryFamily office set up and implementationWealth structuringRisk advisoryTax and immigrationPhilanthropyAttract and RecruitRetain and RewardAgility and Flexibilit

205、yGlobal MobilityOperationsIf you would like to find out more about our services,please scan the QR code or visit our webpage:https:/ you would like to find out more about our services,please scan the QR code or visit our webpage:https:/ Mainland Executive Salary Outlook 2024 2024 KPMG Advisory(China

206、)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.About KPMG ChinaKPMG China

207、has offices located in 31 cities with over 15,000 partners and staff,in Beijing,Changchun,Changsha,Chengdu,Chongqing,Dalian,Dongguan,Foshan,Fuzhou,Guangzhou,Haikou,Hangzhou,Hefei,Jinan,Nanjing,Nantong,Ningbo,Qingdao,Shanghai,Shenyang,Shenzhen,Suzhou,Taiyuan,Tianjin,Wuhan,Wuxi,Xiamen,Xian,Zhengzhou,H

208、ong Kong SAR and Macau SAR.Working collaboratively across all these offices,KPMG China can deploy experienced professionals efficiently,wherever our client is located.KPMG is a global organisation of independent professional services firms providing Audit,Tax and Advisory services.KPMG is the brand

209、under which the member firms of KPMG International Limited(“KPMG International”)operate and provide professional services.“KPMG”is used to refer to individual member firms within the KPMG organisation or to one or more member firms collectively.KPMG firms operate in 143 countries and territories wit

210、h more than 273,000 partners and employees working in member firms around the world.Each KPMG firm is a legally distinct and separate entity and describes itself as such.Each KPMG member firm is responsible for its own obligations and liabilities.KPMG International Limited is a private English compa

211、ny limited by guarantee.KPMG International Limited and its related entities do not provide services to clients.In 1992,KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland.KPMG was also the first among the Big Four in the Chinese Mainla

212、nd to convert from a joint venture to a special general partnership,as of 1 August 2012.Additionally,the Hong Kong firm can trace its origins to 1945.This early commitment to this market,together with an unwavering focus on quality,has been the foundation for accumulated industry experience,and is r

213、eflected in KPMGs appointment for multidisciplinary services(including audit,tax and advisory)by some of Chinas most prestigious enterprises.Document Classification:KPMG PublicThe information contained herein is of a general nature and is not intended to address the circumstances of any particular i

214、ndividual or entity.Although we endeavor to provide accurate and timely information,there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future.No one should act on such information without appropriate professional a

215、dvice after a thorough examination of the particular situation.2024 KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.Printed in Chinese Mainland.The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.