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China bonuses outdo Hong Kong, Singapore
HONG KONG (MarketWatch) -- Chinese companies plan to pay out larger discretionary 2010 year-end bonuses, as a percentage of base salary, than companies in Hong Kong or Singapore, according a quarterly survey released Thursday by recruitment firm Hudson. About 20% of China companies surveyed will pay bonuses equivalent to 20% or more of base salary, while only 16% of firms surveyed in Hong Kong, and 15% of Singaporean companies will be as generous. China companies also outpace their counterparts in terms of the percentage planning any sort of bonus packets, with 92% of companies to offer the payouts, compared to 87% in Singapore and 82% in Hong Kong, the report said.
dacare This entry was posted on January 20th, 2011 at 08:45:38 pm by dacare and is filed under Candidates, Labor and Worker, Comp, Salary & Benefit.