Salaries of mainland China Electronic Engineers Rising By Up To 12 Percent - Global Sources Survey
HONG KONG, 15 September 2004 /PRNewswire/ -- - 91 Percent of Respondents Enjoy Pension Plans and Other Non-cash Benefits
- Global Sources Ltd. today released the results of its 2004 Annual Salary & Career Development Survey, which compares compensation levels among electronic engineers in mainland China's manufacturing industry. Survey results indicate that salaries are on the increase, particularly among engineers with advanced degrees.
Of the 2,287 electronic engineers surveyed, those with doctorates command an annual average salary of US$10,685, up 12 percent from last year. Engineers with master's degrees receive US$9,853, a six percent rise. Those with bachelor's degrees earn US$7,104, an eight percent increase.
The survey, conducted since 2001 by Global Sources publication Electronic Engineering Times-China (EE Times-China), provides China-based engineers with the information they need to make important career decisions, and employers with insights into compensation trends.
Commenting on the results, Mark A. Saunderson, publisher of EE Times-China said: "Electronic engineers are in great demand in mainland China as manufacturers respond to exploding global demand for consumer goods. These professionals are receiving higher pay and better benefits, reflecting the vibrancy of the electronics industry as a whole."
The survey indicates that non-cash compensation plays an increasingly important role in attracting and retaining electronic engineers in mainland China. Seventy-four percent of survey respondents benefit from employer- sponsored pension plans, compared to 61 percent last year. Sixty-six percent receive medical or health insurance, versus 58 percent last year. Sixty-four percent receive performance bonuses, compared to 54 percent in the 2003 survey.
Surveyed engineers work an average of 48 hours a week, one hour more than last year, to earn the additional benefits. The majority develop communications systems (33 percent), consumer electronics (30 percent), and computers, systems and peripherals (18 percent).
Engineers looking for new career opportunities
"Survey results indicate that the typical electronics engineer employed in mainland China is 31 years old, holds a bachelor's degree and has eight years of engineering experience. He has worked full-time for an average of two companies during his career, is currently employed in product design and development-and is very interested in taking his career to the next level. Nine out of 10 surveyed engineers think of their career more often than a year ago," Saunderson said.
Most of the surveyed engineers believe their current job helps advance their career. Nevertheless, 63 percent are actively seeking new employment. Sixty-eight percent favor using job-search Websites, 55 percent rely on personal contacts and referrals, and 37 percent attend job fairs. Given the right offer, 72 percent of those not looking for new jobs will consider the offer.
The survey also presents freelance practices, willingness to relocate, and the criteria employed by jobseekers in evaluating new jobs and employers.
Complete survey results are available at the EE Times-China Website at http://www.eetchina.com/SURVEYS/SALARY04E.PPT .
Professionals interested in job opportunities in China and career development guidance can also visit Global Sources' job-search Website, Career Sources China at http://www.csc.globalsources.com/ .
About Global Sources
Global Sources is a leading business-to-business (B2B) media company that facilitates global trade, with a particular focus on the China market, by providing information to international buyers and integrated marketing services to suppliers.
We deliver content to our communities through our leading network of nine vertical marketplaces and 13 geographic portals, and through magazines, CD- ROMs and private catalogs, as well as China Sourcing Fairs and technical events. Our flagship marketplace, Global Sources Online (http://www.globalsources.com/), hosts more marketing and sourcing activity than any other global merchandise trade marketplace.
We serve a growing, independently certified community of more than 413,000 active buyers in over 230 countries and territories. These buyers generate more than 4 million inquiries annually for over 130,000 suppliers through Global Sources Online alone. We offer extensive creative services and export consultation through 150 client service officers in Greater China and other leading supply markets, and through our 700 sales representatives who make approximately 40,000 supplier visits monthly. In mainland China, we have 22 years on-the-ground presence, supported by over 1,000 team members in 44 locations throughout the country.
Global Sources' solutions are based on 33 years as a trade magazine publisher serving the global trade community, 13 years as a trade management software developer, 12 years as manager of trade shows in Asia, and eight years as an online marketplace operator.
Electronic Engineering Times-China is published by eMedia Asia Ltd., a joint venture between Global Sources and CMP Media LLC., a leading integrated media company providing essential information and marketing services to the entire technology spectrum. The joint venture is a leading provider of new technology content, in print and online for the 150,000-plus technology specialists that drive the electronics industry in China and Asia. eMedia Asia Ltd. serves this community's ongoing need for the right information, at the right time through its integrated, local-language web networks, premier technical events and industry leading publications - Electronics Supply & Manufacturing-China and Electronic Engineering Times-Asia.
Global Sources Contact in U.S. James W.W. Strachan Tel: +1-602-978-7504 Fax: +1-602-978-7512 firstname.lastname@example.org
Global Sources Contact in Asia Camellia So Tel: +852-2555-5023 Fax: +852-2518-8764 email@example.com
Global Sources Investor Contacts: Kirsten Chapman & Moriah Shilton Lippert/Heilshorn & Associates, Inc. Tel: +1-415-433-3777 Fax: +1-415-433-5577 firstname.lastname@example.org
SOURCE Global Sources Ltd
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