China’s hi-tech boom pushes firms to boost pay in 2027 as keeping talent a priority

South China Morning PostIndependentCenter6 hr. ago

A report by WTW, a global advisory and broking firm, indicates that Chinese employers expect a slight increase in median salaries for 2027, anticipating a 4.5% rise. This follows similar increases in 2026 and 2025, though it remains below Asia-Pacific regional averages. The report attributes the slower growth in 2026 to corporate cost-cutting measures and underperforming financial results. It notes that 37.5% of surveyed companies prioritize employee retention due to a tight labor market, especially in fast-growing industries. The findings are based on a survey of 938 organizations conducted in Q2 2026.

Bias read (Center): The article presents balanced reporting on economic trends and employer strategies without overtly favoring any political ideology. It focuses on data-driven insights from a global advisory firm, emphasizing workforce challenges and financial pressures without taking a clear ideological stance.