Hangzhou ranked 4th by average annual income
Hangzhou News   2021-03-03 15:19   Source:Hangzhoufeel

Liepin (猎聘), a Chinese employment service platform, published an employment and workforce report in the first week after the Spring Festival holiday. According to the report, Beijing, Shanghai, Shenzhen, Hangzhou, and Nanjing were ranked top 5 in average annual income level among high-skilled workers and top talents in China. Respectively, the average annual income of the above-mentioned cities are 216,500, 195,300, 181,300, 175,800 and 172,000 RMB.

In 2021, there are many emerging high-salary occupations. The average salary of short video content creators surpasses that of the finance industry. Employees of vaccination companies experience a 30% rise in annual income.

Comparing to last year, the first working week of 2021 (February 28 - 22) witnessed a 266.58% increase in new positions. The number of job applicants showed year-on-year growth of 55.94%.

Employment opportunities are largely concentrated in first-tier and new first-tier cities. Jobs continue to grow at a rapid rate in cities such as Shanghai, Beijing, Shenzhen, and Guangzhou. Hangzhou was ranked 5th in the total number of new jobs created in the first working week in 2021.

Given the statistics in the Liepin report, the average annual salary nationwide falls on 157,800 RMB. The number in Hangzhou is above the national level at 175,800 RMB, ranked no.4 in China.

Shanghai and Beijing mark the top two cities where high-skilled workers and top talents prefer, taking respectively 19.91% and 19.09% of the applicant pool. Job seekers also flock to cities such as Shenzhen and Guangzhou where 9.71% and 6% of applicants apply. Chengdu and Hangzhou were ranked 5th and 6th on the list of high-skilled workers' job-seeking preferences.

43.46% of businesses recruit more new hires than last year, while 30.43% of businesses recruit the same number of people. Among them, only 5.59% stop hiring this year.

The industries with the most notable new hirings year-to-year are IT (25.71% higher y/y), real-estate (10.82% higher y/y) and Consumer Packaged Goods industry (8.85% higher y/y).

Finance, IT and telecommunications are leading sectors that have the highest average annual income, ranging from 183,100 to 195,500 RMB.

Sustainable energy, educational technology, Artificial Intelligence, short video, gaming, and vaccination industries have flourished significantly in the past year. Groups hit with higher severity in the pandemic show different degrees of rebound. The number of jobs in Film and Television, Hospitality, and Tourism has been edging up at varying pace.

New jobs in the tourism industry reflect the most significant year-on-year growth at 282.78%. In the food services and hospitality industry, employment is above its pre-pandemic level.

Looking at the growth in employment figures in different industries, tourism and hospitality experience the most rapid increase in demand for applicants who do not have previous work experience. For occupations such as content creator and social media management, applicants who demonstrate 5 to 10 years of experience are more competitive.

Author:  Editor:Zhang Di