1600% income gap for auditors

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sourcer HK
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1600% income gap for auditors

Beitrag von sourcer HK »

The shortage of skilled workers, as reported by hr newsletters in asia thus
cannot be seen only in Shanghai, more over in the weekly job and career journals f.e. of the SCMP.com.

When Bank A starts gathering 8 managers, two weeks later Bank B does the same, because their stuff used the occasionally shortage of qualified - but still very low paid - local managers.

The problem could be solved by international standards in the hr dept. of the international companies.

The situation has changed: due to the mostly short binding working contracts and the increasing costs for living in these days the workers do not feel any conflicts of interests if they are offered a better paid job.

Due to the payroll cuts meanwhile the SARS period especially in Hong Kong some companies pay bonusses now. The problem is based on the management decisions to insist on lower wages as a basic compound as a guideline for the hr managers implementation in the payroll systems.

The transparancy of income in worldwide companies like in the auditing companies shows results, that stuff in mainland China wants to go abroad.

Later these smart people do prefer to be hired in foreign branches of the parent companies. The difference of an auditor job in mainland China and the same in London or Paris is sometimes more than 1600% for the same work (5000 Yuan for a 7 dayweek compared to 8000 EUR/month). Due to the mostly conservative opinion of hr managers and the habits to insist on decrease of labour cost for the last years the hr managers are speachless regarding the fluctuation ratio of more than 35 percent a year.
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